VS1

Vast Executes VS1 Engineering Contracts Advancing Toward Construction of 288 MWh Concentrated Solar Thermal Power Plant

Retrieved on: 
Monday, April 15, 2024
Primero, Carbon, Electricity, VS1, Engineering, Kilowatt-hour, CSP, FEED, ARENA, SM1, Government, Renewable energy

VS1 is a 30MW / 288 MWh CSP plant to be located in Port Augusta, South Australia.

Key Points: 
  • VS1 is a 30MW / 288 MWh CSP plant to be located in Port Augusta, South Australia.
  • Utilising Vast’s proprietary modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage.
  • The project is anticipated to create dozens of green manufacturing jobs, hundreds of jobs during construction and long-term plant operations roles.
  • Craig Wood, CEO of Vast said, "This is a major step forward for Vast and VS1, putting this historic CSP project on the path to construction.

Vast announces Term Sheet to facilitate transmission access for Aurora Energy Precinct

Retrieved on: 
Monday, April 8, 2024
Electricity, ElectraNet, EUR, Term sheet, VS1, SM1, Hill, BHP, ARENA, Aurora Energy, H2H, OZM, Precinct, CSP, BESS, Renewable energy

The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.

Key Points: 
  • The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.
  • Additionally, Vast plans to develop Vast Solar 1 (VS1), a 30MW concentrated solar thermal power (CSP) plant with 288 MWh of thermal storage, on the Precinct site.
  • VS1 was awarded up to AUD $65 million in conditional grant funding by the Australian Renewable Energy Agency (ARENA).
  • Connection to the H2H will be subject to further negotiations and agreement with OZM and ElectraNet as contemplated under the Term Sheet.

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

Retrieved on: 
Thursday, March 28, 2024
Hydrogen, Smith International, FEED, Bank of Montreal, Electricity, Financial management, General Electric, Solar, VS1, SM1, Électricité de France, CFO, Partnership, CSIRO, Oil Search, ARENA, California Resources Corporation, Aviation, Carbon, Eye, Investment, Convertible, Research and development, Occidental Petroleum, BMO Capital Markets, CSP, Business, Calendar, Government, Engineering, Renewable energy

SYDNEY, Australia, March 28, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast” or the “Company”) (Nasdaq: VSTE), a renewable energy company specializing in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat today announced operational and financial results for the first half of the Company’s fiscal 2024, comprising the six months ended December 31, 2023.

Key Points: 
  • During the first half of fiscal year 2024, Vast announced several funding commitments from strategic partners.
  • “The support Vast has received from our strategic partners has been very meaningful to the progress of our company, both from a financial as well as operational standpoint,” said Craig Wood, CEO of Vast.
  • During the first half of fiscal year 2024, Vast continued to make progress on its first utility-scale project for power generation, known as VS1, located in Port Augusta in South Australia.
  • As of December 31, 2023, Vast had total diluted common shares outstanding of 29,291,884.

VIOFO to Release VS1-A Perfect Blend of Simplicity and Functionality Packed with Sony STARVIS 2 Image Sensor

Retrieved on: 
Thursday, January 18, 2024
Noise, STARVIS, Sony, WM1, High dynamic range, Insurance, HDR, Human, VS1, Pixel, Motion, Darkness, Television

To answer this demand, VIOFO has released T130 3CH, A139 PRO 3CH, WM1 in past two years and today they're introducing the most innovative dashcam design, VS1 , as being the sleekest, the smartest dashcam packed with Sony STARVIS 2 image sensor.

Key Points: 
  • To answer this demand, VIOFO has released T130 3CH, A139 PRO 3CH, WM1 in past two years and today they're introducing the most innovative dashcam design, VS1 , as being the sleekest, the smartest dashcam packed with Sony STARVIS 2 image sensor.
  • Below its simplicity and functionality will be explored in depth.
  • VS1 is built with a slim and streamlined design to blend seamlessly with vehicles' interior, making them less noticeable to both passengers and potential thieves.
  • Image clarity can be always crucial for identifying license plates, road signs, or other critical details in the recorded video.

Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Thermal Power Company

Retrieved on: 
Monday, December 18, 2023
Green Technology, Alternative Energy, Energy, Environment, Utilities, Nabors Industries, Partnership, NETC, Steam, Multimedia, Business analyst, CSP, Sodium, NBR, Electricity, VS1, SM1, USD, Element, Letter, Carbon, Renewable energy

Vast Renewables Limited (“Vast” or the “Company”), a renewable energy company specialising in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the “Business Combination”) with Nabors Energy Transition Corp. (“NETC”), an affiliate of Nabors Industries Ltd. (“Nabors”) (NYSE: NBR).

Key Points: 
  • Vast Renewables Limited (“Vast” or the “Company”), a renewable energy company specialising in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the completion of its business combination (the “Business Combination”) with Nabors Energy Transition Corp. (“NETC”), an affiliate of Nabors Industries Ltd. (“Nabors”) (NYSE: NBR).
  • Grants and other support from the Australian and German governments, along with partnerships with leading corporations, demonstrate growing support for Vast’s breakthrough solution.
  • Since the announcement of the proposed Business Combination on February 14, 2023, Vast has continued to make significant strides, both commercially and technologically.
  • Over the course of the past year, Vast has achieved a number of project updates and partnership agreements.

Nabors Industries Completes Its Most Impactful Energy Transition Investment to Date

Retrieved on: 
Tuesday, December 19, 2023
Nabors Industries, NETC, CSP, Acquisition, NBR, Hydrocarbon, VS1, Investment, Électricité de France, ARENA, Hydrogen, EUR, Aviation, Automation, Renewable energy

Nabors sponsored NETC as a capital efficient way to pursue significant investment opportunities supporting the energy transition.

Key Points: 
  • Nabors sponsored NETC as a capital efficient way to pursue significant investment opportunities supporting the energy transition.
  • Nabors announced its energy transition strategy in 2021 and has made significant strides towards its goal of delivering "Energy Without Compromise."
  • Anthony Petrello concluded by saying:
    "Our strategy to manage the energy transition is to embrace energy innovation over energy exclusion.
  • "In addition to Vast, and in pursuit of clean, renewable, scalable and dispatchable energy solutions, Nabors has invested in geothermal, alternative energy storage, emissions monitoring, hydrogen and advanced materials."

EDF Australia commits Euro 10 million to Vast

Retrieved on: 
Friday, December 8, 2023
Environment, Technology, Other Energy, Environmental Health, Utilities, Other Technology, Alternative Energy, Sustainability, Energy, Research, NYSE, Vast, NETC, NETCU, VS1, Multimedia, Carbon, Australian Renewable Energy Agency, EDF, EUR, Electricity, CSP, Knowledge, Sodium, Renewable energy

EDF Australia (“EDF Australia”) today announced a Euro 10 million commitment to Vast Renewables Limited (“Vast”), a renewable energy company specialising in concentrated solar power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat.

Key Points: 
  • EDF Australia (“EDF Australia”) today announced a Euro 10 million commitment to Vast Renewables Limited (“Vast”), a renewable energy company specialising in concentrated solar power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat.
  • View the full release here: https://www.businesswire.com/news/home/20231208703419/en/
    The companies will partner to develop Australian CSP projects that will further Australia’s transition to a clean-energy economy.
  • EDF Australia’s capital commitment is subject to closing the previously announced business combination between Vast and Nabors Energy Transition Corp. (“NETC”) (NYSE: NETCU, NETC, NETCW) and other customary conditions.
  • EDF Australia Country Manager James Katsikas said the company was committed to assisting Australia’s transition to a clean-energy economy.

Rapaport Press Release: Consumer Alert: Synthetic Diamond Prices Crashing

Retrieved on: 
Tuesday, November 21, 2023
Other Energy, Other Natural Resources, Mining, Minerals, Jewelry, Alternative Energy, Consumer, Energy, Natural Resources, Bridal, Fashion, Retail, Other Consumer, Women, Sale, Synthetic, Round, VS1, Diamond, Rappaport (surname), Walmart, Gemstone

Synthetic diamond prices are crashing yet some retailers are pricing them high by comparing them to prices for natural diamonds.

Key Points: 
  • Synthetic diamond prices are crashing yet some retailers are pricing them high by comparing them to prices for natural diamonds.
  • Walmart sells a 3 ct., Round, F-G, VS1-VS2, synthetic diamond solitaire ring for $2,975, while Signet’s Blue Nile sells a similar 3.00 ct., Round, G, VS1 synthetic diamond solitaire ring for $8,190.
  • This won’t last because synthetic diamond prices are crashing to hundreds and even tens of dollars per carat.
  • There is a high likelihood they may overpay as synthetic prices are crashing.

Vast Receives Equity Commitment for up to USD $10 Million From Canberra Airport Group

Retrieved on: 
Thursday, September 21, 2023
Sustainability, Environment, Alternative Energy, Energy, Alternative Vehicles, Fuels, Automotive, Air, Transport, Methanol, NETC, SM1, VS1, Australian Renewable Energy Agency, USD, Wind, EUR, AUD, ARENA, Aviation biofuel, Growth, Carbon sequestration, CSP, Renewable energy, Vast, Canberra Airport

Vast Solar Pty Ltd (Vast), a world-leader in concentrated solar thermal power (CSP) energy systems, today announced that it has entered into a subscription agreement with Canberra Airport Group (Canberra Airport) to purchase up to USD $10 million of Vast ordinary shares at an approximate price of USD10.20 per share through an investment vehicle.

Key Points: 
  • Vast Solar Pty Ltd (Vast), a world-leader in concentrated solar thermal power (CSP) energy systems, today announced that it has entered into a subscription agreement with Canberra Airport Group (Canberra Airport) to purchase up to USD $10 million of Vast ordinary shares at an approximate price of USD10.20 per share through an investment vehicle.
  • The agreement is subject to closing of the previously announced business combination between Vast and Nabors Energy Transition Corp. (NETC).
  • Canberra Airport’s investment recognises the potential for Vast’s technology to be used to produce low-cost sustainable aviation fuels, a key challenge for the aviation industry as it aims to achieve decarbonisation targets.
  • USD $5 million of Canberra Airport’s commitment will serve as a backstop for subsequent capital raised by Vast from additional third-party debt or equity financing sources and is subject to a nominal commitment fee.

Vast, a world-leader in concentrated solar thermal power (CSP), appoints experienced CSP executive Federico Sandoval as Project Director for VS1 in South Australia

Retrieved on: 
Thursday, September 7, 2023
Environment, Technology, Other Energy, Environmental Health, Utilities, Other Technology, Alternative Energy, Sustainability, Energy, Government, ARENA, Multimedia, VS1, CSP, Construction, Australian Renewable Energy Agency, Renewable energy

Vast Solar Pty Ltd (“Vast” or the “Company”), a world-leader in concentrated solar thermal power (CSP), today announced the appointment of Federico Sandoval as its new Project Director for VS1, Vast’s 30MW / 288MWh CSP project in Port Augusta, South Australia.

Key Points: 
  • Vast Solar Pty Ltd (“Vast” or the “Company”), a world-leader in concentrated solar thermal power (CSP), today announced the appointment of Federico Sandoval as its new Project Director for VS1, Vast’s 30MW / 288MWh CSP project in Port Augusta, South Australia.
  • View the full release here: https://www.businesswire.com/news/home/20230907722959/en/
    Utilising Vast’s proprietary, modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with 8 hours of thermal energy storage.
  • Mr. Sandoval brings a wealth of CSP expertise and a global track record of success to this pivotal role.
  • Vast’s CSP v3.0 technology has immense potential, and together with the dedicated team here, we're poised to set new benchmarks in renewable energy.