Australian Renewable Energy Agency

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.

The road is long and time is short, but Australia's pace towards net zero is quickening

Retrieved on: 
Sunday, October 1, 2023
Zero, Technology, Nitrous oxide, Private sector, ClimateWorks Foundation, Paris, Conversation, Industry, Paris Agreement, Rio, Coal, Atmosphere, Carbon, Hydrogen, City, Digestion, Oxygen, Agriculture, Built environment, Connective tissue, Electricity, Hunter Region, The Conversation, Hunting, Public policy, Blue Mountains, Temperature, Goal, Steel, Forest, Australian Renewable Energy Agency, Government, Plant, Climate change, GDP, Iron, Time, Mining, Authority, Knowledge, Kooragang, Eraring, New South Wales, Nitric acid, Federation, CSIRO, Nitrogen, United States Department of the Treasury, US Treasury specimen book, Success, Renewable energy, Aluminium, Toy

Coal has been mined here for more than 200 years, providing generations of people with good livelihoods and lives.

Key Points: 
  • Coal has been mined here for more than 200 years, providing generations of people with good livelihoods and lives.
  • The Hunter is developing a clean manufacturing precinct, and state and federal governments are investing heavily in the effort.
  • Even in the Hunter, with its long fossil fuel history, change is in the air.
  • The road is long and time is short, but our pace is quickening.
  • Last week, the US Treasury advised that financial institutions’ net zero plans should be in line with a 1.5℃ pathway.
  • The progress in technology in that time demonstrated potential to bring emissions to net zero over a decade faster than previously shown.
  • With a clear view of what is needed to bring homes to net zero, other states and the federal government can follow its lead.
  • The Net Zero Authority – created in July to help “seize the opportunities of Australia’s net zero transformation” – is the layer of connective tissue that will help these precincts succeed.

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.

EQS-News: Photon Energy Joins RayGen to Open World-Leading Solar and Storage Plant in Australia

Retrieved on: 
Saturday, September 16, 2023
Photon, Partnership, Photon energy, Chevron Corporation, WSE, Schlumberger, Electricity, Australian Renewable Energy Agency, Investment, ARENA, AGL Energy, Solar energy, GWP, FSX, SLB, Renewable energy, Cryptocurrency

Photon Energy plans to deploy the unique RayGen technology for its 200 MW PV solar coupled with 115 MW of thermal storage project in Yadnarie, Australia.

Key Points: 
  • Photon Energy plans to deploy the unique RayGen technology for its 200 MW PV solar coupled with 115 MW of thermal storage project in Yadnarie, Australia.
  • Amsterdam/Sydney – 8 September 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’), an Amsterdam-based renewable energy company delivering clean energy and water solutions in Europe and Australia joined with the Melbourne-based energy technology company RayGen Resources Pty Ltd (‘RayGen’) to celebrate the opening of RayGen’s innovative solar-plus-storage plant in Carwarp, Victoria.
  • ‘We are excited to celebrate the opening of RayGen’s solar-plus-storage plant, an important milestone in the energy transition in Australia and beyond’, said Georg Hotar, CEO of Photon Energy Group.
  • Along with developing RayGen projects, Photon Energy Group has since April 2020 made several equity investments in RayGen maintaining 7.6% stake in the high-tech company.

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.

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.”

Black & Veatch to Advance Carbon-Neutral Aviation in Australia, New Zealand

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Business, Environmental Health, Sustainability, Environment, Other Transport, Green Technology, Engineering, Air, Transport, Aerospace, Consulting, Manufacturing, IATA, Education, Mississippi River, Marketing, Black & Veatch, SAF, Aviation, International Air Transport Association, Agriculture, Policy, Methanol, Gasoline, DG, Australian Renewable Energy Agency, US, FID, ARENA, Aviation biofuel, Mining, Natural gas, Types of plant oils, BA, Renewable energy, Greenpeace Australia Pacific, Black

Black & Veatch, a global leader in critical infrastructure solutions, has joined Bioenergy Australia’s (BA) Sustainable Aviation Fuel Alliance of Australia and New Zealand (SAFAANZ).

Key Points: 
  • Black & Veatch, a global leader in critical infrastructure solutions, has joined Bioenergy Australia’s (BA) Sustainable Aviation Fuel Alliance of Australia and New Zealand (SAFAANZ).
  • BA founded the SAFAANZ to create a collaborative environment to advance SAF production, policy, education and marketing in Australia and New Zealand.
  • Sustainable Aviation Fuel (SAF) is produced by processing renewable sources such as waste cooking oil, plant oils and agricultural residues for use in commercial airplanes.
  • Black & Veatch and DG Fuels LLC – an emerging leader in cellulosic drop-in sustainable aviation fuel (SAF) – have signed and begun a binding agreement for Black & Veatch to perform a front-end loading (FEL-3) engineering report for DG Fuels’ launch project to be located in Louisiana, United States.

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.

Using electric water heaters to store renewable energy could do the work of 2 million home batteries – and save us billions

Retrieved on: 
Sunday, June 4, 2023
Wind, Technology, National Electricity Market, Electricity, Atkinson Center for a Sustainable Future, AEMO, ARENA, Research, Water, Atmosphere, Carbon, Australian Renewable Energy Agency, Tesla Powerwall, Natural gas, Renewable energy, Kerosene, Heating, ventilation, and air conditioning

But as we work towards fully electric households powered by renewable energy, have we overlooked a key enabling technology, the humble electric water heater?

Key Points: 
  • But as we work towards fully electric households powered by renewable energy, have we overlooked a key enabling technology, the humble electric water heater?
  • About half of Australian households use electric water heaters, while the rest use gas.
  • Electric water heaters offer a cheap way to store large amounts of energy, in the form of hot water.
  • Our research at the UTS Institute for Sustainable Futures has found Australians could use household electric water heaters to store as much energy as over 2 million home batteries of that kind.

Cutting emissions

    • Back in 2010, a resistance electric water heater typically produced around four times more emissions than its gas equivalent.
    • Heat pump emissions were about the same as for gas.
    • By 2040, once the transition to a renewable electricity system is largely complete, emissions from resistance and heat pump water heaters will be much lower than for their gas counterparts.
    • We found that replacing gas with electric water heating would not only help us get to net-zero emissions sooner, it would save us money.

Boosting grid stability

    • But to maintain a stable electricity system, we need to match demand with the fluctuating supply from renewable sources.
    • Electric water heaters offer a much cheaper way to store large amounts of energy and provide the demand flexibility the grid needs.

Back to the future for water heating

    • In recent decades we’ve moved away from off-peak electric hot water, as incentives dwindled and more homes connected to natural gas.
    • As we electrify our hot water, which technology should we embrace: resistance or heat pump?
    • Our research explored the trade-off between highly flexible resistance water heaters versus highly efficient but less flexible heat pumps.