VS1

Vast Announces Appointment of Mark Smith as Chief Financial Officer

Retrieved on: 
Tuesday, August 22, 2023
Other Energy, Utilities, Environment, Alternative Energy, Energy, Technology, Green Technology, Other Technology, BMO Capital Markets, Marshall, Carbon, Electricity, Multimedia, VS1, Australian Renewable Energy Agency, Government, Bank of Montreal, AUD, ARENA, CFO, Occidental Petroleum, Financial management, Investment, California Resources Corporation, CSP, Renewable energy, Vast

Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, announced today the appointment of Marshall D. (Mark) Smith as the company’s new Chief Financial Officer (CFO), effective September 18, 2023.

Key Points: 
  • Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, announced today the appointment of Marshall D. (Mark) Smith as the company’s new Chief Financial Officer (CFO), effective September 18, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230821568087/en/
    Based between Vast’s Sydney headquarters and Houston, Texas, Mr. Smith brings more than 30 years of experience, including energy industry expertise and leadership in operations, capital allocation, business development, and financial management.
  • Mr. Smith also held executive positions at California Resources Corporation, Occidental Petroleum, Ultra Petroleum, and J.M.
  • "Mark is a true energy industry veteran with deep experience as CFO of public and private equity-funded energy companies.

Vast, a world-leader in concentrated solar thermal power, announces partnership with CYD to model molten salt tank performance as VS1 project moves forward

Retrieved on: 
Thursday, August 10, 2023
Other Energy, Technology, Utilities, Other Technology, Alternative Energy, Energy, Avatar, Vast, Partnership, VS1, Australian Renewable Energy Agency, CYD, AUD, Patent, ARENA, Sin Contrato, CSP, Renewable energy

Utilising Vast’s proprietary, modular tower CSP v3.0 technology, VS1 is designed to generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage.

Key Points: 
  • Utilising Vast’s proprietary, modular tower CSP v3.0 technology, VS1 is designed to generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage.
  • This is a step forward for the CSP industry, with the potential to enhance the performance of molten salt storage tanks once operational.
  • The Avatar Model’s holistic approach to the design, manufacture, construction and operation of molten salt tanks will further strengthen VS1.
  • It provides an opportunity to implement learnings at an early-stage to ensure the optimal performance of thermal energy storage systems.”

Vast Advances Utility-Scale Concentrated Solar Thermal Plant as Worley Commences Engineering

Retrieved on: 
Monday, June 5, 2023
Alternative Energy, Energy, Other Energy, Carbon, SM1, Electricity, ASX, Multimedia, VS1, Australian Renewable Energy Agency, FEED, Government, Kilowatt-hour, FID, AUD, ARENA, Engineering, CSP, WOR, Renewable energy

Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, today announced it has awarded Worley Ltd. (Worley) (ASX: WOR) key engineering contracts for its VS1 CSP project.

Key Points: 
  • Vast Solar Pty Ltd (Vast), a renewable energy company specialising in concentrated solar thermal power (CSP) energy systems that generate zero-carbon, utility-scale, dispatchable electricity and industrial process heat, today announced it has awarded Worley Ltd. (Worley) (ASX: WOR) key engineering contracts for its VS1 CSP project.
  • 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.
  • Vast has appointed Worley and its specialist consulting division, Advisian, to complete VS1 basic engineering by July 2023, followed by front-end engineering design (FEED) in the balance of this calendar year.
  • “Vast has a long-standing relationship with Worley and Advisian dating back to assistance with the engineering and commissioning of our 1.1MW grid connected Jemalong demonstration plant,” added Wood.

 Vast Unveils LOI with Mabanaft for Potential Equity Investment in World-First Solar Methanol Project at the Maritime Industries Australia Decarbonisation Summit

Retrieved on: 
Wednesday, May 17, 2023
Other Energy, Environment, Utilities, Alternative Energy, Green Technology, Energy, Lead, Marketing, Hydrogen, Methanol, SM1, Electricity, VS1, FEED, LOI, Kilowatt-hour, AUD, FID, Philip Hygate, ARENA, Biofuel, Mining, Decarbonisation measures in proposed UK electricity market reform, Heat, Transport, Letter, CO2, CSP, Renewable energy, Coal, Calix

Today in Perth at the Maritime Industries Australia Decarbonisation Summit, Vast Solar Pty Ltd (Vast) announced that it has executed a letter of intent (LOI) with German energy company Mabanaft GmbH & Co. KG (Mabanaft) for potential offtake and equity investment in Solar Methanol 1 (SM1), a world-first green methanol demonstration plant.

Key Points: 
  • Today in Perth at the Maritime Industries Australia Decarbonisation Summit, Vast Solar Pty Ltd (Vast) announced that it has executed a letter of intent (LOI) with German energy company Mabanaft GmbH & Co. KG (Mabanaft) for potential offtake and equity investment in Solar Methanol 1 (SM1), a world-first green methanol demonstration plant.
  • Vast is a concentrated solar thermal power (CSP) technology and project developer, creating energy systems that have the potential to generate green, dispatchable utility-scale electricity and industrial process heat.
  • “Partnering with Mabanaft is an important step forward for SM1 that we believe will unlock significant development of the project.
  • Mabanaft is the ideal partner for the SM1 project, in particular taking into account the objectives of the German-Australian HyGATE initiative.”

Vast Solar Becomes Vast

Retrieved on: 
Tuesday, May 9, 2023
Other Energy, Technology, Utilities, Other Technology, Alternative Energy, Energy, Methanol, NETC, Electricity, VS1, Australian Renewable Energy Agency, Government, Kilowatt-hour, NYSE, AUD, ARENA, Growth, CSP, Social media, Renewable energy, SM1

Australian renewable energy company Vast is proud to announce its rebrand, effective from 8th May.

Key Points: 
  • Australian renewable energy company Vast is proud to announce its rebrand, effective from 8th May.
  • The new brand identity is expected to better communicate Vast’s position in the market and improve its visibility among stakeholders.
  • Vast’s proprietary concentrated solar thermal power (CSP) technology has received significant support from the Australian government.
  • Vast’s CEO, Craig Wood said, "We are excited to embark on this new chapter for Vast.

Vast, a Market-Leading Concentrated Solar Power (CSP) Company, to go Public Through Business Combination With Nabors Energy Transition Corp.; Combined Company Expected to be Listed on the New York Stock Exchange

Retrieved on: 
Tuesday, February 14, 2023
Other Natural Resources, Other Energy, Environment, Alternative Energy, Natural Resources, Green Technology, Energy, Transfer, Hydrogen, King & Wood Mallesons, SM1, Business, NYSE, Steam, Australian Renewable Energy Agency, Guggenheim Partners, Australian Government, CSP, Transaction, Temperature, Milbank, Sodium, Multimedia, White & Case, Electricity, Energy transition, Business analyst, Mineral oil, Ecosystem, Philip Hygate, Risk, NETCU, International Energy Agency, Investment, Carbon, Government, AUD, VS1, Heat transfer, NETC, Wind, Singapore International Energy Week, ARENA, Telephone, USD, PV, Renewable energy, Bank, Cryptocurrency, Nabors Industries

“While the cost of wind and PV solar have declined significantly, their intermittency remains a key challenge that can only be addressed with storage.

Key Points: 
  • “While the cost of wind and PV solar have declined significantly, their intermittency remains a key challenge that can only be addressed with storage.
  • When compared to parabolic trough systems, sodium’s higher operating temperature relative to mineral oil delivers more efficient power cycles, and hence cheaper energy.
  • Vast and NETC will host a joint investor conference call to discuss the proposed Transaction today, February 14, 2023 at 8:30AM ET.
  • To listen to the prepared remarks via telephone from the U.S., dial 1-877-407-3982 and an operator will assist you.

Vast Solar Signs Letter of Intent to Purchase 13,500 Sodium-Ion Batteries from Natron Energy in 2023

Retrieved on: 
Thursday, December 8, 2022
Hardware, Chemicals, Plastics, Semiconductor, Alternative Energy, Data Management, Energy, Green Technology, Manufacturing, Technology, Batteries, Environment, Other Technology, Other Manufacturing, Other Energy, Utilities, Nabors Industries, Electricity, Nickel, Copper, Pilot plant, International Energy Agency, AUD, CSP, Sodium, US, EV, Wind, UL, VS1, Investment, Lithium, Multimedia, Sunlight, Cobalt, Safety, LOI, U.S. Department of Defense Strategy for Operating in Cyberspace, Solar, Renewable energy, Electric battery, Natron

Vast Solar Pty Ltd. (Vast), an Australian company and leading developer of concentrated solar thermal power (CSP) technology, today announced a collaboration with Natron Energy, Inc. ("Natron"), a global leader in the manufacturing of sodium-ion batteries.

Key Points: 
  • Vast Solar Pty Ltd. (Vast), an Australian company and leading developer of concentrated solar thermal power (CSP) technology, today announced a collaboration with Natron Energy, Inc. ("Natron"), a global leader in the manufacturing of sodium-ion batteries.
  • View the full release here: https://www.businesswire.com/news/home/20221208005226/en/
    This collaboration includes a Letter of Intent (LOI) to purchase up to 13,500 units of Natron's sodium-ion batteries for use on Vast Solar 2 (VS2) in Mount Isa.
  • Vast Solar and Natron will make information and data collected during the Mount Isa project available to both companies while they also evaluate future projects.
  • In October, Vast Solar announced its role in a consortium that received US$2.3 million from the U.S. Department of Energy Solar Energy Technologies Office to develop and test designs of molten salt thermal energy storage tanks.