The latest announcement is out from Vast Renewables ( (VSTE) ).
On March 12, 2025, Vast Renewables Limited announced it 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). This funding replaces the previous commitment announced in February 2023 and is aimed at supporting the construction of VS1, which is expected to provide long-duration renewable energy storage and generation. The project will deliver reliable, on-demand clean power to South Australia’s grid, especially during peak pricing periods after sunset when intermittent renewables are unavailable. Additionally, VS1 has the potential to support a co-located green methanol production facility, Solar Methanol 1, in partnership with Mabanaft. This initiative is part of Vast’s broader strategy to export its clean energy solutions globally, contributing to the energy transition and creating green jobs in Australia.
More about Vast Renewables
Vast Renewables Limited is an Australian renewable energy company that specializes in developing clean energy solutions. The company focuses on providing 24/7 green, low-cost heat and power to decarbonize the grid, green fuels production for the transport industry, and hard-to-abate industries. Vast’s next-generation concentrated solar thermal power (CSP) technology utilizes a proprietary, modular sodium loop to efficiently capture and convert solar energy.
YTD Price Performance: -58.76%
Average Trading Volume: 2,560,847
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.98M
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