Vast Renewables and German energy company Mabanaft GmbH & Co. KG have received planning consent for Solar Methanol 1 (SM1), a concentrated solar thermal (CSP) powered reference plant that will produce green fuels for export. In April Vast executed engineering contracts to complete Front-End Engineering Design (FEED) for the plant, which designed to produce up…
Vast Renewables has executed engineering contracts to complete Front-End Engineering Design (FEED) on its VS1 Concentrated Solar Thermal Power Plant (CSP) project. The New York listed company executed key engineering contracts with Afry, FYFE, Primero and Worley to complete FEED on the Construction of 288 MWh CSP power plant to be built at Port Augusta,…
Vast Solar’s rollout plans for concentrated solar power (CSP) plants have been given a boost with French energy company EDF Group committing $16.4 million (Euros 10 million) to develop new projects. Vast is developing a number of Australian projects, including the SM1 solar methanol plant at Port Augusta in South Australia, utilising heat and power…
Vast Renewables has signed a funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency (ARENA) to progress its concentrated solar thermal power (CSTP) projects in Australia and internationally. Vast’ manufactures equipment at its Queensland facility, with ARENA’s funding to see the NASDAQ-listed company scale…
Silicon energy storage company 1414 Degrees has signed a term sheet that will see its Aurora Energy Precinct at Port Augusta in South Australia access the ElectraNet 275kV Hill-to-Hill power line connecting to the National Electricity Market. The company’s 50 percent owned joint venture with Vast Renewables, SiliconAurora Pty Ltd signed a term sheet with…
Hamburg-based energy company Mabanaft has received a grant approval from the German Projektträger Jülich backing the construction of a new green methanol plant in Port Augusta, South Australia. Together with Australian renewable energy company Vast, Mabanaft is developing plans to build a demonstration plant with a capacity of around 7,500 tonnes of green methanol per…
Concentrated solar power company (CSP) Vast Solar has announced a subscription agreement with Canberra Airport Group for the purchase up to $US 10 million of Vast shares, at an approximate price of $US 10.20 per share, through an investment vehicle. In a statement on Friday, Vast said the agreement is subject to the closing of…
Concentrated solar power company (CSP) Vast has announced a partnership with Spanish engineering company CYD to model molten salt tank performance as the VS1 project progresses. VS1 is a 30 megawatt/ 288 megawatt hour CSP project in Port Augusta, South Australia, using Vast’s proprietary, modular tower CSP v3.0 technology and designed to have over…
By Dominic Zaal, CSIRO 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. Renewables…
Analysis by Peter Roberts One of the most innovative renewables projects planned anywhere globally has got a second lease of life with energy storage company 1414 Degrees (ASX: 14D) purchasing Solar Reserve Australia for a nominal price. For $2 million 1414 Degrees will take control of the company’s Aurora Solar Energy Project at Port Augusta…
