Category: Vast

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Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Power Company

Vast Renewables Limited (“Vast” or the “Company”), a renewable energy company specialising in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the “Business Combination”) with Nabors Energy Transition Corp. (“NETC”), an affiliate of Nabors Industries Ltd. (“Nabors”) (NYSE: NBR). …

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EDF Australia makes EUR-10m capital commitment to Concentrated Solar Power developer Vast

The Australian unit of French energy major EDF has committed EUR 10 million (USD 10.8m) to Australian concentrated solar power (CSP) specialist Vast Renewables Ltd, with the companies planning to partner to develop CSP projects in Australia, Vast said on Friday. The capital commitment is contingent on closing Vast’s go-public merger with Nabors Energy Transition …

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Generating and storing sustainable energy is the holy grail

Transmission lines have fallout. Battery farms are expensive. Repeating Snowy II is out of the question.  But there is a simple solution to generating and storing sustainable energy for overnight electricity. And country businesses are taking it on themselves to prove its powerful potential. The Vast Solar Concentrated Solar Thermal storage and power generation plant …

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Concentrated Solar Power investment – now – could shave billions off energy transition bill

Australia could shave as much as $10 billion off the cost of the transition to a renewable grid by investing, now, in the development of very long duration energy storage technologies like concentrated solar thermal, a new report has claimed. The report, The Australian Concentrating Solar Thermal Value Proposition, argues that if decisions about the …

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Australian Solar Thermal Research Institute says concentrated solar power could net Australians $10b by 2050

New research suggests Australians could pocket $10 billion in savings by 2050 if governments begin installing a niche form of solar power storage in the country’s major electricity networks. That figure — produced by Fichtner and ITP Renewables on behalf of the Australian Solar Thermal Research Institute — would amount to savings of about $40 …

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Vast Receives Equity Commitment for up to USD $10 Million From Canberra Airport Group

Vast Solar Pty Ltd (Vast), a world-leader in concentrated solar thermal power (CSP) energy systems, today announced that it has entered into a subscription agreement with Canberra Airport Group (Canberra Airport) to purchase up to USD $10 million of Vast ordinary shares at an approximate price of USD10.20 per share through an investment vehicle. The …

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Vast, a world-leader in concentrated solar thermal power (CSP), appoints experienced CSP executive Federico Sandoval as Project Director for VS1 in South Australia

Mr. Sandoval brings extensive international CSP project delivery experience to Vast as VS1 moves towards construction. Vast Solar Pty Ltd (“Vast” or the “Company”), a world-leader in concentrated solar thermal power (CSP), today announced the appointment of Federico Sandoval as its new Project Director for VS1, Vast’s 30MW / 288MWh CSP project in Port Augusta, …

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Australia’s Vast Concentrated Solar Power to include green methanol demo for shipping

Methanol is used to make many chemicals, but what makes producing green methanol most interesting for the future is that the shipping industry, finally having to deal with climate emissions, considers green methanol the most viable alternative to today’s fossil-based marine gas oil. “In the last 12 months, major international shipping companies including Maersk, CMA …

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Vast-CYD concentrated solar power project to create green manufacturing jobs in South Australia

Vast Solar, a leading developer of concentrated solar  power (CSP), is creating more green manufacturing jobs in South Australia through a CSP project development with global design and manufacturing company Contratos y Diseños Industriales (CYD). Located in Port Augusta, the 30MW/288 MWh project dubbed VS1 is designed to generate clean, low-cost, dispatchable power with over …

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Australia’s First Commercial Scale Concentrated Solar Power Plant Makes Progress

Plans to build Australia’s first commercial scale concentrated solar power plant in Port Augusta have taken a step forward with a new partnership. Vast has partnered with global design and manufacturing firm Contratos y Diseños Industriales (CYD) to facilitate early design work on its VS1 project, a 30MW/288MWh plant in South Australia. CYD will begin …

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