NETCU

EDF Australia commits Euro 10 million to Vast

Retrieved on: 
금요일, 12월 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.

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: 
화요일, 2월 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.