Vast (VSTE) Renewables announced it has secured up to AUD180 million of conditional funding from the Australian Renewable Energy Agency, ARENA, for construction of its Port Augusta utility-scale clean energy project, Vast Solar 1, VS1. Deploying Vast’s next generation concentrated solar thermal power, CSP, solution, VS1 is set to be one of Australia’s first projects to provide urgently needed long duration renewable energy storage and generation. The project capitalises on peak pricing periods after sunset when intermittent renewables like solar PV are not available, delivering reliable, on-demand clean power to South Australia’s grid.
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