Concentrated solar power (CSP), a decades-old technique for harnessing vast amounts of energy in a small area, should be ubiquitous in sunbelt areas around the globe. But until now, the technology wasn’t cost-effective for industrial heat and clean-power production at scale.
Meet aptly-named Vast Solar, a renewable energy company based in Australia that has developed the next-generation of concentrated solar power systems that will revolutionize the industry. The company is going public via a merger with Nabors Energy Transition Corp. (NYSE: NETC), a special purpose acquisition vehicle formed by energy powerhouse Nabors Industries Ltd., and is expected to be listed on the NYSE under the ticker VSTE in the second or third quarter of 2023.
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