Vast Executes VS1 Engineering Contracts Advancing Toward Construction of 288 MWh Concentrated Solar Thermal Power Plant [Yahoo! Finance]
WORLEY LTD UNSP/ADR (WYGPY)
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Source: Yahoo! Finance
SYDNEY, Australia, April 15, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (“Vast”) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (CSP) systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced it has executed key engineering contracts with Afry, FYFE, Primero and Worley to complete Front-End Engineering Design (FEED) on its VS1 project. VS1 is a 30MW / 288 MWh CSP plant to be located in Port Augusta, South Australia. Utilising Vast's proprietary modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage. The project is anticipated to create dozens of green manufacturing jobs, hundreds of jobs during construction and long-term plant operations roles. Today's announcement with Afry, FYFE, Primero and Worley follows Vast's appointment in May 2023 of Worley and its specialist consulting division, Worley Consulting,
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