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

SA Solar Fuels will have the capacity to produce 7,500 tonnes per annum of sustainable fuels to meet the growing demand from maritime and aviation industriesFunding will support industry-leading optimisation work as the project advances towards FEED following successful completion of pre-FEED SYDNEY, March 26, 2025 (GLOBE NEWSWIRE) -- HyFuel Solar Refinery Pty Ltd, a subsidiary of Vast Renewables Limited (Vast) (Nasdaq: VSTE), has been awarded AUD 700,000 through the Australia-Singapore Low Emissions Technologies (ASLET) initiative for maritime and port operations. The funding will progress the development of South Australia Solar Fuels (SA Solar Fuels), a world-first sustainable fuels pr

Vast secures up to AUD180 million of funding from ARENA for construction of groundbreaking South Australian clean energy project, conditional on meeting certain milestonesProject to deploy Vast's innovative clean energy solution, delivering clean power for South Australia's grid when intermittent renewables are not available, as well as for green fuels productionVast on-track to export its solution to a global pipeline of projects, enabling long duration energy storage and generation critical to the world's energy transition SYDNEY, March 12, 2025 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ:VSTE) today announced it has secured up to AUD180 million of conditional funding f

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