Front-End Engineering Design for 30MW Concentrated Solar Thermal Power Plant
Vast Renewables Limited (“Vast”), a leader in concentrated solar thermal power (CSP) systems, has announced significant progress in its VS1 project. The company has executed key engineering contracts with leading firms Afry, FYFE, Primero, and Worley to complete the Front-End Engineering Design (FEED) phase.
About VS1 Project
VS1, a 30MW / 288 MWh CSP plant located in Port Augusta, South Australia, aims to harness Vast’s modular tower CSP v3.0 technology. This innovative approach enables clean, low-cost, and dispatchable power generation with over 8 hours of thermal energy storage. The project is poised to create numerous green manufacturing jobs and provide employment opportunities during construction and long-term plant operations.
Partnerships and Expertise
Afry, FYFE, Primero, and Worley bring extensive experience in designing and engineering major energy projects globally. Their involvement underscores the robust support behind the VS1 project and its potential impact on Australia’s renewable energy landscape.
Roadmap and Government Support
FEED is expected to conclude by August, paving the way for a Final Investment Decision in Q3 2024 and construction commencement later in the same year. Vast’s CSP v3.0 technology has garnered support from the Australian Government, with up to AUD$65 million in funding approved by the Australian Renewable Energy Agency (ARENA) to facilitate VS1 construction.
Synergies with Solar Methanol Plant
VS1 will be co-located with Solar Methanol 1 (SM1), a groundbreaking green methanol demonstration plant. Vast, in collaboration with its consortium partner, secured funding agreements totaling AUD$19.48 million and EUR13.2 million from Australian and German government initiatives. SM1 will leverage zero-emission electricity and heat from VS1 to produce sustainable green methanol, supporting the transition to eco-friendly shipping fuels.
Vast’s VS1 project represents a significant milestone in Australia’s renewable energy journey, demonstrating the potential for innovative CSP technology to drive sustainable power generation and support the country’s transition to a greener future.
Source：globenewswire.com
