Vast Renewables Limited Announces Operational and Financial Results for First Half of Fiscal 2024
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
