Vast Renewables Limited, a company specializing in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, announced funding agreements of up to ~AUD $40 million for its solar methanol plant, SM1, in partnership with Mabanaft. The funding, including support from Australian and German governments, aims to advance green [...]
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). [...]
There’s a rush on to capture the sun with mirrors. Fields, deserts, and areas the size of capital cities, are being covered in big shiny heliostats, and sunlight focussed on troughs, tubes and towers, designed to bring us out of the fossil-fuel age and into a greener, more sustainable future. Wes Stein CSIRO solar research [...]
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 [...]
An Australian company has successfully demonstrated its green H2 production tech prototype. Sparc Hydrogen has announced the successful testing of its prototype photocatalytic water-splitting reactor, a water-splitting green hydrogen tech that uses concentrated solar as an alternative to the conventional electrolysis method. The prototype was demonstrated at a CSIRO facility in Australia. The successful test [...]
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 [...]
The future of sustainable energy in Australia lies in finding cost-effective solutions to generate and store electricity overnight. The need for reliable energy sources in rural areas and the impending retirement of coal-fired power stations create an urgent demand for alternatives. While wind farms and lithium-ion batteries have their limitations, solar thermal heat storage is [...]
A new report from the Australian Solar Thermal Research Institute shows that concentrated solar power has a major role to play in cost-effectively decarbonising electricity, industry and fuels over the short- and long-term. Image: CSIRO October 2023 may prove to be a turning point in Australia’s energy transition. For the first time, I heard broader [...]
They heated ceramic particles to a blistering 1450 F by dropping them through a beam of concentrated sunlight. A breakthrough at a concentrated solar power facility in Australia could help transform solar energy in the future. The challenge: Solar energy is cheap, clean, and plentiful, but its variability is holding it back: we can always [...]
A team of Australian researchers at the University of New South Wales (UNSW) has combined three tools to assess the economic viability of a hybrid Concentrated Solar Power and desalination plant applicable for any region worldwide. “The interesting thing is you can modify this by yourself,” lead author Yingfei Huang explained. “You can put any [...]