Vast's clean energy project secures up to aud180 million from the australian renewable energy agency to power south australia's grid and green fuels production

Vast secures up to aud180 million of funding from arena for construction of groundbreaking south australian clean energy project, conditional on meeting certain milestones project to deploy vast's innovative clean energy solution, delivering clean power for south australia's grid when intermittent renewables are not available, as well as for green fuels production vast on-track to export its solution to a global pipeline of projects, enabling long duration energy storage and generation critical to the world's energy transition sydney, march 12, 2025 (globe newswire) -- vast renewables limited (“vast”) (nasdaq: vste) today 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.
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