Vast Renewables (VSTE) has released an update.
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Vast Renewables has secured $30 million from the Australian Renewable Energy Agency to advance its green technology manufacturing and project development. This funding will bolster the company’s efforts to deploy its next-generation concentrated solar thermal power solutions, aiming to provide clean and reliable energy and support the production of green methanol. Vast’s innovative technology is expected to create numerous jobs in Australia and attract global interest as it leads the charge in decarbonizing electricity and fuel industries.
For further insights into VSTE stock, check out TipRanks’ Stock Analysis page.