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Vast Renewables ( (VSTE) ) just unveiled an announcement.
On March 26, 2025, Vast Renewables Limited announced that its subsidiary, HyFuel Solar Refinery Pty Ltd, received a grant of AUD 700,000 from the Australia-Singapore Low Emissions Technologies initiative. This funding will support the development of the South Australia Solar Fuels project, a collaboration with Mabanaft, aiming to produce 7,500 tonnes of sustainable fuels annually for the maritime and aviation industries. The project, located at the Port Augusta Green Energy Hub, will use Vast’s concentrated solar thermal power technology to generate green methanol, providing a low-carbon alternative to fossil fuels. This initiative is part of a broader effort to decarbonize global fuel production and meet net-zero targets, with additional support from the Australian Renewable Energy Agency and the German government.
More about Vast Renewables
Vast Renewables Limited, headquartered in Australia, is a renewable energy company focused on developing clean energy solutions. The company aims to provide 24/7 green, low-cost heat and power to decarbonize the grid and produce green fuels for the transport industry and hard-to-abate sectors. Vast utilizes a proprietary, modular sodium loop in its next-generation concentrated solar power technology.
YTD Price Performance: -71.40%
Average Trading Volume: 4,847,573
Technical Sentiment Signal: Buy
Current Market Cap: $10.37M
For an in-depth examination of VSTE stock, go to TipRanks’ Stock Analysis page.