24/7 carbon-free heat and power to decarbonise
A world leader in concentrated solar thermal power (CSP)
Vast’s modular CSP v3.0 technology captures the sun’s energy and uses thermal energy storage to competitively deliver clean, dispatchable power and heat for utility-scale power generation, green fuels production and industrial process heat applications.
CSP solves energy’s most enduring challenges
Vast’s modular CSP v3.0 systems are the only proven renewable energy technology that eliminates intermittency issues and can produce cost-effective dispatchable, clean energy, power and heat.
Vast’s pioneering CSP technology plays a critical role in the energy transition, with deployment of CSP systems worldwide forecast by the International Energy Agency to grow by up to 62 times by 2050 to meet emissions reduction targets.
Proven, deployable CSP technology - today
Vast’s CSP v3.0 technology has been proven at Vast's 1.1MW, grid-synchronised demonstration plant in Australia and is in the process of being deployed at scale at Vast’s VS1 Port Augusta Project and at SM1, a solar methanol project, to create low-cost, zero carbon, dispatchable electricity and green methanol.
Vast has a pipeline of demonstration and commercial scale plants secured and in various stages of development in sunbelt regions and countries around the world, including Australia, the United States, the Middle East, Africa and South America.
$50 / MWh LCOE Target at scale
Vast’s CSP v3.0 systems are already cost competitive today with other energy solutions on a levelised cost of energy (LCOE) basis and will continue to reduce in price as the technology is deployed globally.
Vast has received support from the Australian Renewable Energy Agency (ARENA), the US Department of Energy and the German Ministry of Education and Research and continues to expand its network of strategic and commercial partners.