PORT AUGUSTA, South Australia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a renewable energy company planning to power green fuels production, today announced a significant milestone in the development of its green methanol plant, SM1. Vast and its consortium partner, global energy company Mabanaft, have awarded international engineering group Fichtner and German e-fuels leader bse Methanol contracts to commence pre-front-end engineering and design (FEED) work. This follows the appointment of Dr. Amy Philbrook, Arup's Australasia Clean Fuels Technical Lead, as Project Manager. Part of the Port Augusta Green Energy Hub in South Australia, SM1 will hav
SC 13D/A - Vast Renewables Ltd (0001964630) (Subject)
SC 13D/A - Vast Renewables Ltd (0001964630) (Subject)
SC 13D/A - Vast Renewables Ltd (0001964630) (Subject)
SC 13D/A - Vast Renewables Ltd (0001964630) (Subject)
6-K - Vast Renewables Ltd (0001964630) (Filer)
424B3 - Vast Renewables Ltd (0001964630) (Filer)
EFFECT - Vast Renewables Ltd (0001964630) (Filer)
POS AM - Vast Renewables Ltd (0001964630) (Filer)
6-K - Vast Renewables Ltd (0001964630) (Filer)
S-8 - Vast Renewables Ltd (0001964630) (Filer)
6-K - Vast Renewables Ltd (0001964630) (Filer)
6-K - Vast Renewables Ltd (0001964630) (Filer)
424B3 - Vast Renewables Ltd (0001964630) (Filer)
EFFECT - Vast Renewables Ltd (0001964630) (Filer)
Operational and Funding Highlights Investment of €10.0 million from EDF Australia, a subsidiary of EDF GroupEquity investment from the Canberra Airport Group valued at USD $9.2 millionSubsequently announced funding agreements for up to AUD $40.0 million from the Australian and German governments to construct the Solar Methanol 1 project along with consortium partner Mabanaft in January 2024Closed business combination with Nabors Energy Transition Corp. on December 18, 2023 Financial Metrics for Six Months Ending December 31, 2023 Total revenue consisting of $768,000, made up of both customer and grant revenueAvailable cash and equivalents of $16.5 millionNet loss of ($281.5) million prima
Operational and Funding Highlights Subsequently announced AUD30 million non-dilutive grant will be released from AUD65 million of funding announced in February 2023 by the Minister for Climate Change and Energy, Hon Chris Bowen MP, and Australian Renewable Energy Agency ("ARENA"). Vast and its consortium partner, global energy company Mabanaft, have awarded international engineering group Fichtner and German e-fuels leader contracts to commence pre-front-end engineering and design (FEED) work for SM1. Subsequently signed a development services agreement with GGS Energy LLC ("GGS Energy"), a leading energy transition development company with deep project development experience, to p
Vast successfully completes large-scale testing of its CSP receiver tower, marking the final technical milestone With all key components validated, Vast is now set to deploy its advanced clean energy solution at the Port Augusta Green Energy Hub in South Australia, and at future projects Developed and manufactured in Australia, Vast's award-winning technology delivers highly efficient, cost-effective, and reliable clean energy on demand Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a leading Australian clean energy solutions company, has achieved a breakthrough with the successful launch of a first-of-its-kind concentrated solar thermal power ("CSP") receiver tower. This press
SYDNEY, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a leading Australian green energy technology company, held its Annual General Meeting ("AGM") on November 27, updating shareholders on progress towards deploying its next generation concentrated solar power ("CSP") solution to deliver clean, continuous dispatchable power and heat. The AGM saw Vast's Chairman, Peter Botten, and CEO, Craig Wood, provide updates on the company's achievements throughout 2024 and the outlook for the year ahead. All resolutions were successfully passed at the AGM, with Craig Wood, Colin Richardson and William Restrepo all re-elected as Directors. The AGM follows Vast's re
SYDNEY, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE) today announced it has signed an updated funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency ("ARENA"). The funding will support Vast's green technology manufacturing and project development activities as it deploys its next generation concentrated solar thermal power (CSP) solution to deliver the clean, dispatchable power and heat that the world needs. CSP is an obvious technology to deploy in Australia's energy transition in one of the sunniest countries on earth. By capturing and storing the sun's energy as heat, CSP can power
HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced it has signed a development services agreement with GGS Energy LLC ("GGS Energy"), a leading energy transition development company with deep project development experience, to pursue a commercial-scale synthetic fuels project in the Southwest United States (Project Bravo). Project Bravo, Vast's first deployment in the U.S., will see Vast's CSP v3.0 technology used to generate carbon free heat and electricity
PORT AUGUSTA, South Australia, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a renewable energy company planning to power green fuels production, today announced a significant milestone in the development of its green methanol plant, SM1. Vast and its consortium partner, global energy company Mabanaft, have awarded international engineering group Fichtner and German e-fuels leader bse Methanol contracts to commence pre-front-end engineering and design (FEED) work. This follows the appointment of Dr. Amy Philbrook, Arup's Australasia Clean Fuels Technical Lead, as Project Manager. Part of the Port Augusta Green Energy Hub in South Australia, SM1 will hav
SYDNEY, June 13, 2024 (GLOBE NEWSWIRE) -- Vast (Vast Renewables Limited) (NASDAQ:VSTE), a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, today announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant. Located in South Australia at the Port Augusta Green Energy Hub, SM1 will have the capacity to produce 7,500 tonnes of green methanol each year. Methanol is one of the most versatile hydrogen derivatives which, if produced using clean energy, has the potential to decarbonise several hard-to-
PORT AUGUSTA, Australia, May 30, 2024 (GLOBE NEWSWIRE) -- Vast (Vast Renewables Limited) (NASDAQ:VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, has received planning consent for Solar Methanol 1 (SM1), a CSP-powered reference plant that will produce green fuels. SM1 will be located in Port Augusta, South Australia and will have the capacity to produce 7,500 tonnes per annum of green methanol, one of the most versatile hydrogen derivatives which, if produced using Vast's CSP technology, has the potential to decarbonise shipping and is already being used
SYDNEY, Australia, April 15, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced it has executed key engineering contracts with Afry, FYFE, Primero and Worley to complete Front-End Engineering Design (FEED) on its VS1 project. VS1 is a 30MW / 288 MWh CSP plant to be located in Port Augusta, South Australia. Utilising Vast's proprietary modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage. The project is a
SYDNEY, Australia, April 08, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (Vast) (NASDAQ:VSTE) and 1414 Degrees Limited (ASX:14D), through their joint venture SiliconAurora Pty Ltd (SiliconAurora), today announced the signing of a term sheet (Term Sheet) with Vast Solar 1 Pty Ltd and OZ Minerals Services Pty Ltd (OZM), a subsidiary of BHP Group Limited (BHP), to enter into negotiations with OZM for a possible binding agreement (Agreement) by 30 September 2024 (which date can be extended by mutual consent) (Agreement Date) that would facilitate access for the initial stages of the Aurora Energy Precinct (the Precinct) to the ElectraNet owned Hill-to-Hill Transmission Line (H2H) near Por