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The story behind concentrated solar power is complicated. But that’s not because it’s a poor resource. Using mirrors and towers, CSP can cleanly generate electricity, provide long-duration thermal energy storage, and decarbonize heavy industry by producing heat. Its attributes only increase in value with higher penetrations of intermittent renewables, like solar photovoltaics and wind. CSP …
Continue reading “A fresh start for concentrated solar power?”
Australia’s clean energy industry received a boost after Vast, a leader in concentrated solar thermal power (CSP), announced today it will go public through a business combination with Nabors Energy Transition Corp. (NETC). While remaining headquartered in Australia, the combined entity will be named Vast and is expected to be listed on the New York …
Continue reading “Vast – an Australian clean tech success story”
Vast Solar has agreed to combine with a special purpose acquisition company (SPAC) backed by Nabors Industries (NBR.N) in a deal which will take the Australian company public in New York at a valuation of up to $586 million, the companies told Reuters. SPAC Nabors Energy Transition Corp (NETC.N) is combining with Sydney-based Vast, which …
Vast Solar has welcomed the Minister for Climate Change and Energy’s and the Australian Renewable Energy Agency’s (ARENA) announcement that it has approved funding of $65 million for VS1, Vast Solar’s 30MW/ 288MWh reference plant in Port Augusta, South Australia. The funding is another step forward for the project, which will create hundreds of jobs …
Australian cleantech company Vast Solar, a world-leader in concentrated solar thermal power (CSP), and the Solar Methanol Consortium have been selected to receive AUD$19.48m and EUR13.2m from a collaboration between the Australian and German Governments to develop a world-first green methanol demonstration plant, SM1 in Port Augusta, South Australia. The German-Australian Hydrogen Innovation and Technology Incubator …
Vast Solar Pty Ltd. and Sage Geosystems Inc. (Sage) announced a memorandum of understanding (MOU) to evaluate global opportunities to integrate concentrated solar power (CSP) generation and long-duration energy storage (ES) deep in the earth to supply clean, dispatchable baseload electricity. Vast Solar Logo Wind and solar are intermittent power producers. A more significant share …
Leader in concentrated solar power (CSP) aims to integrate sodium-ion batteries to maximize energy storage performance. Vast Solar, an Australian company and leading developer of concentrated solar thermal power (CSP) technology, today announced a collaboration with Natron Energy, Inc. («Natron»), a global leader in the manufacturing of sodium-ion batteries. This collaboration includes a Letter of …
Australian renewable energy developer Vast Solar is calling for expressions of interest from contractors as it pushes ahead with plans to develop a $600 million hybrid concentrated solar power project in Queensland. Vast Solar announced on Thursday the project is calling for expressions of interest from contractors across a range of workstreams as it looks …
Continue reading “Vast Solar progresses plans for $600 million concentrated solar power plant”
A novel plan for a 50 megawatt hybrid Concentrated Solar Power project in Mount Isa has got financial backing from Queensland government-owned energy giant Stanwell Energy. The $600 million project, proposed last year by thermal solar specialist Vast Solar, would mix a unique brand of concentrated thermal solar generation with solar PV, gas peaking and …
Continue reading “Stanwell signs up to Vast Solar’s Mt Isa Concentrated Solar Power project”
Vast Solar’s hybrid Concentrated Solar Power project at the Mount Isa mining town would cut power prices and emissions and offtake talks are «positive,» Craig Wood, CEO of Vast Solar, told Reuters Events. In July, Vast Solar announced it was developing a 50 MW hybrid CSP-PV-gas plant in the mining town of Mount Isa in …
Continue reading “Australia’s first large Concentrated Solar Power plant hinges on Glencore terms”