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Vast Solar
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Short description

Concentrated Solar Thermal Power Technology Developer

Founded in 2009
Founded in

Company type Public Public (VSTE)
Company type

Industry Group energy & power

Sector solar

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Australia Sydney, Australia
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Updated by Sunena Gupta at on 03/31/2025

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Date Partner Type
01/30/2023
Calix Calix
Calix has partnered with Vast Solar, Fischtner and others on a project tol produce solar methanol. 15,000 tonnes per annum of captured CO2, Clean energy, green hydrogen will be used to synthesise up to 7,500 tonnes per year of green methanol.
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IPO INFORMATION

Date

02/14/2023

IPO status

Listed

IPO Type

SPAC

Amount

$586M

Initial shares

Ticker symbol

VSTE

Exchange listed

NYSE

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Description

With a valuation at $586 million, Vast Solar combines with special purpose acquisition company Nabors Energy Transition Corp.

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Date Investors Type Amount
03/12/2025 Australian Renewable Energy Agency (ARENA) Australian Renewable Energy Agency (ARENA) (1)
Post-money valuation of
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
 Project Finance $113,436,000
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