Vast Renewables has executed engineering contracts with Afry, FYFE, Primero and Worley to complete Front-End Engineering Design (FEED) on its VS1 project, a 30 MW concentrated solar power (CSP) plant to be located in Port Augusta, South Australia.
Utilizing Vast’s modular tower CSP v3.0 technology, the company says VS1 is expected to generate power with more than eight hours of thermal energy storage. The project will be co-located with Solar Methanol 1 (SM1), a green methanol demonstration plant slated to use electricity and heat from VS1 to produce the fuel for use in shipping.
FEED is expected to be completed by August ahead of a Final Investment Decision and construction starting later this year.
“This is a major step forward for Vast and VS1, putting this historic CSP project on the path to construction,” says Craig Wood, CEO of Vast. “Afry, FYFE, Primero and Worley will bring the right combination of global and local expertise to VS1, which will utilize our industry-leading technology to capture and store the sun’s energy during the day before generating heat and dispatchable power during the day or night.”
The Australian Renewable Energy Agency has approved AUD$65 million in funding to support the construction of VS1.
The post Vast Executes Contracts Advancing Concentrated Solar Thermal Power Plant appeared first on Solar Industry.
Vast Executes Contracts Advancing Concentrated Solar Thermal Power Plant
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
###
ABOUT ACORE
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
Renewable Energy
Should I Get a Solar Battery Storage System?
Renewable Energy
Wine Grapes and Climate Change
I just spoke with a guy in the wine industry, and I asked him how, if at all, climate change is affecting what we does.
From his perspective, it’s the horrific wildfires whose smoke imbues (or “taints”) the grapes with an unpleasant flavor that needs to be modified, normally by creative methods of blending.
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Greenhouse Gases1 year ago
嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change1 year ago
嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Carbon Footprint1 year ago
US SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Climate Change2 years ago
Why airlines are perfect targets for anti-greenwashing legal action
-
Renewable Energy2 months ago
US Grid Strain, Possible Allete Sale
-
Climate Change2 years ago
Some firms unaware of England’s new single-use plastic ban