Welcome to our dedicated page for Vast Renewables news (Ticker: VSTE), a resource for investors and traders seeking the latest updates and insights on Vast Renewables stock.
Vast Renewables Ltd (VSTE) delivers innovative concentrated solar thermal power solutions for utility-scale renewable energy. This news hub provides investors and industry stakeholders with official updates on technological advancements, project deployments, and strategic partnerships.
Access timely updates about VSTE's modular CSP systems, including developments in 24/7 dispatchable energy production and industrial heat applications. Our curated collection features earnings reports, technology milestones, and regulatory filings essential for understanding the company's market position.
Key focus areas include project announcements, operational expansions, and collaborations advancing carbon-free energy solutions. Bookmark this page for direct access to primary source materials from Vast Renewables, ensuring you stay informed about breakthroughs in solar thermal technology and sustainable infrastructure development.
Vast Renewables (VSTE) has secured an AUD 700,000 grant through the Australia-Singapore Low Emissions Technologies (ASLET) initiative for its SA Solar Fuels project. The demonstration plant, developed in collaboration with Mabanaft, will produce 7,500 tonnes of green methanol annually, targeting maritime and aviation industries' decarbonization needs.
The project, previously known as Solar Methanol 1 (SM1), has completed its preliminary front-end engineering and design (pre-FEED) phase with Fichtner and bse Methanol. The ASLET funding will support further optimization before proceeding to FEED stage.
Located at the Port Augusta Green Energy Hub, the facility will utilize Vast's concentrated solar thermal power technology and partner with Calix for CO2 supply. The project has already received significant funding support, including up to AUD 19.48 million from ARENA and EUR 12.4 million from PtJ through the HyGATE initiative.
Vast Renewables (VSTE) has secured up to AUD180 million in conditional funding from the Australian Renewable Energy Agency (ARENA) for its Port Augusta utility-scale clean energy project, Vast Solar 1 (VS1). The project will deploy Vast's next-generation concentrated solar thermal power (CSP) solution.
The total capital expenditure for VS1 construction is estimated at AUD360-390 million. The project aims to provide long-duration renewable energy storage and generation, delivering reliable clean power to South Australia's grid during peak pricing periods when solar PV is unavailable.
VS1 includes an option to power a co-located green methanol production facility (SM1) in partnership with Mabanaft. The funding is conditional upon completing project development activities, securing remaining construction funding, and other customary conditions.
Vast Renewables (VSTE) reported its H1 FY2025 financial results, highlighting a total revenue of $6.6 million from grants and a net loss of $5.7 million. The company had $6.9 million in cash and equivalents as of December 31, 2024.
Key developments include securing an AUD30 million non-dilutive grant from a previously announced AUD65 million funding package. Vast successfully completed large-scale testing of its CSP receiver tower in February 2025 and partnered with Mabanaft for pre-FEED work on SM1. The company also signed an agreement with GGS Energy to develop Project Bravo, a commercial-scale synthetic fuels project in the Southwest United States.
Additionally, Vast executed an Exclusive Collaboration Agreement with Masters & Young for PCB manufacturing and continued progress on VS1, its utility-scale power generation project in Port Augusta, South Australia.
Vast Renewables (VSTE) has successfully completed the final technical milestone with large-scale testing of its concentrated solar thermal power (CSP) receiver tower. The technology, designed and manufactured in Goodna, Queensland, is ready for deployment at the Port Augusta Green Energy Hub in South Australia.
The breakthrough marks Vast's readiness to deliver its next-generation clean energy solution, which will be implemented in the Vast Solar 1 (VS1) project - a 30MW utility-scale reference project with 8 hours of storage. The modular receiver tower design promises more efficient, lower-cost, and lower-risk dispatchable clean energy on demand.
The company recently secured access to up to $30 million from its existing $65 million ARENA grant to support manufacturing and project development. The VS1 project will supply energy to the national grid and partially power a renewable methanol production facility, with potential applications in shipping decarbonization.
Vast Renewables (Nasdaq: VSTE) held its Annual General Meeting, highlighting progress in deploying its concentrated solar power (CSP) technology. The company secured access to up to $30 million from its existing $65 million ARENA grant. Two major projects are in development at Port Augusta, South Australia: Vast Solar 1 (VS1), a 30MW utility-scale CSP plant with 8 hours thermal storage, and Solar Methanol 1 (SM1), a renewable methanol production facility targeting 7,500 tonnes annual production.
The company completed FEED stage for VS1, targeting Final Investment Decision in Q1 2025. The estimated capital cost for VS1 is updated to AUD360-390 million. The company is expanding manufacturing capabilities in Queensland and strengthening business systems ahead of construction in 2025.
Vast Renewables has secured access to $30 million from its existing $65 million ARENA grant to support green technology manufacturing and project development. The funding will advance their concentrated solar thermal power (CSP) solution, particularly for the Vast Solar 1 (VS1) project - a 30MW power plant with 8-hour storage in Port Augusta, South Australia. The project, estimated to cost AUD360-390 million, will generate clean electricity for the National Electricity Market and power a co-located green methanol production facility. Construction is expected to begin in Q2 2025, with final investment decision scheduled for early 2025.
Vast Renewables (Nasdaq: VSTE) has signed a development services agreement with GGS Energy to develop Project Bravo, a commercial-scale synthetic fuels project in the Southwest United States. The project will utilize Vast's CSP v3.0 technology to generate carbon-free heat and electricity for producing green methanol and sustainable aviation fuel (e-SAF). The development targets 550MWh of CSP generation, with potential to reduce green fuel production costs by up to 40%. This project follows Vast's Solar Methanol 1 (SM1) reference plant in Australia, which will produce 7,500 tonnes of green methanol annually using a 30 MW / 288 MWh CSP plant.
Vast Renewables (Nasdaq: VSTE) and Mabanaft have awarded contracts to Fichtner and bse Methanol for pre-front-end engineering and design (FEED) work on their SM1 green methanol plant. The project, part of the Port Augusta Green Energy Hub in South Australia, will produce 7,500 tonnes of green methanol annually, powered by Vast's 30 MW / 240 MWh concentrated solar thermal power (CSP) plant.
Key aspects of the project include:
- Integration of Leilac calcination plant, bse Methanol's FlexMethanol® modules, and an electrolysis plant
- Funding agreements of up to AUD $19.48 million from ARENA and up to EUR 12.4 million from PtJ
- Appointment of Dr. Amy Philbrook from Arup as Project Manager
The project aims to demonstrate the potential of using CSP in green fuels production, which could reduce costs by up to 40 percent.
Vast Renewables (Nasdaq: VSTE) and Mabanaft have signed a Joint Development Agreement (JDA) to advance the Solar Methanol 1 (SM1) project, a concentrated solar thermal power (CSP) plant for green methanol production in Port Augusta, South Australia. This plant aims to produce 7,500 tonnes of green methanol annually. The initiative is supported by funding agreements signed in February, worth up to AUD $40 million, including AUD $19.48 million from the Australian Renewable Energy Agency and €12.4 million from the German government. The JDA includes offtake rights for Mabanaft and aims to reduce green fuel production costs by up to 40%. The project is part of the broader HyGATE collaboration to support the hydrogen supply chain and aims to decarbonize industries like shipping and aviation.
Vast Renewables has received planning consent for its Solar Methanol 1 (SM1) project in Port Augusta, South Australia. The plant will produce up to 7,500 tonnes of green methanol annually using CSP technology, aiming to decarbonize the maritime industry. The project, co-developed with Mabanaft, integrates proven technologies including a Leilac calcination plant, an electrolysis plant, and a methanol plant. Supported by a 30 MW CSP plant, SM1 has secured funding of AUD $19.48 million from ARENA and EUR 12.4 million from Germany's PtJ. The project aligns with both Australian and German government initiatives to advance green hydrogen production.
