Vast announces ‘breakthrough’ with new CSP receiver tower

Vast Renewables Limited (VSTE), an Australian clean energy solutions company, announced that it has achieved a breakthrough with the launch of a first-of-its-kind concentrated solar thermal power receiver tower. Designed and manufactured in Goodna, Queensland, the receiver tower is the final component of Vast’s next generation clean energy solution to be built and tested at operational scale. The technology is set to be deployed at Vast’s Port Augusta Green Energy Hub to power South Australia’s grid and green fuels production. Craig Wood, CEO of Vast, said: “This innovation in our receiver tower is driving even greater performance from our clean energy solution. By harnessing Australia’s abundant natural resources, our projects aim to spark the growth of a domestic CSP industry while creating export opportunities to deliver Australian green technology to clean energy projects worldwide. We’re proud of the breakthroughs we’ve achieved, and the immense potential our technology has to play a vital role in the world’s decarbonisation efforts.” Vast said it continues to receive significant backing from the Australian Government and major strategic investors including EDF and Nabors Industries (NBR).