Vast Solar

Vast Solar gains partner for solar methanol export

Vast Solar has executed a letter of intent (LOI) with German energy company Mabanaft GmbH & Co. KG for potential offtake and equity investment in Solar Methanol 1 (SM1), Vast’s world-first green methanol demonstration plant. Vast is a concentrated solar power (CSP) technology and project developer, which boasts technology to [...]

Vast Solar Becomes Vast

Australian renewable energy company Vast is proud to announce its rebrand, effective from 8th May. The new brand identity is expected to better communicate Vast’s position in the market and improve its visibility among stakeholders. Vast’s target markets have broadened from initially focusing on dispatchable renewable electricity to now include [...]

Vast Solar: A Concentrated Solar Power Breakthrough for Utilities of the Future

IEA forecasts deployment of up to 430GW of new Concentrated Solar Power capacity globally by 2050 for on-grid applications alone. Vast Solar going public via a merger with Nabors Energy Transition Corp. (NYSE: NETC). NETC is the only SPAC focused on energy transition with a major corporate backer. Vast Solar [...]

Batteries won’t cut it – we need concentrated solar power technology to get us through the night

Australia’s transition to renewables is gathering speed, but there’s a looming problem with storage. We will need much more long-duration storage to get us through the night, once coal and fossil gas exit the system. We also need to find new and better ways to create heat for industrial processes. [...]

Concentrated solar power is an old technology making a comeback. Here’s how it works

There was a time, not long ago, when the future of electricity generation looked something like the opening scene of Blade Runner 2049, with endless arrays of mirrors in concentric circles. Concentrated solar power (CSP) uses mirrors to focus heat from the Sun to drive a steam turbine and generate [...]

Vast Solar’s fix for tank leaks that stymied the first Tower Concentrated Solar Power

A thermal storage tank failure ended Concentrated Solar Power (CSP) development in the US. At the world’s first utility-scale Tower CSP project with storage, the molten salt thermal energy storage tank sprang a leak. SolarReserve’s Crescent Dunes 110 MW project was the only Tower CSP with thermal energy storage among [...]

One step closer towards Australia’s first commercial scale concentrated solar power plant

On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced it has approved $65 million in funding to Vast Solar to construct VS1, a first-of-a-kind 30 MW / 288 MWh concentrated solar power (CSP) plant in Port Augusta, South Australia. ARENA’s funding for VS1 is conditional [...]

Renewable energy storage must expand massively and diversify if Australia is to achieve net zero by 2050

Renewable energy storage must undergo massive growth if Australia is to achieve net zero by 2050. A new report from the CSIRO and supported by ARENA funding, says between 10 to 14 times more storage could be needed in the coming decades to support the National Electricity Market (NEM). The [...]

A fresh start for concentrated solar power?

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 [...]

2023-03-20T08:52:17+00:0020-03-2023|Categorías: Sin categoría|Etiquetas: , , |

Vast – an Australian clean tech success story

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 [...]

Vast, a Market-Leading Concentrated Solar Power (CSP) Company, To Go Public Through Business Combination with Nabors Energy Transition Corp.; Combined Company Expected to be Listed on the New York Stock Exchange

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 [...]

Vast Solar Concentrated Solar Power reference plant, VS1 Port Augusta, to receive $65 million funding from ARENA

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 [...]

Vast Solar selected by Australian and German governments for AUD$19.48m and EUR13.2m to advance green methanol production to power zero emission shipping and aviation

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 [...]

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