Vast Solar Pty Ltd (Vast) has awarded Worley Ltd. (Worley) (ASX: WOR) key engineering contracts for its VS1 CSP project. VS1 is a 30MW / 288 MWh CSP plant being built in Port Augusta, South Australia. Utilizing Vast’s proprietary modular tower CSP v3.0 technology, VS1 will generate clean, low-cost, dispatchable power with over 8 hours of thermal energy storage.
Vast has appointed Worley and its specialist consulting division, Advisian, to complete VS1 basic engineering by July 2023, followed by front-end engineering design (FEED) in the balance of this calendar year. Construction of VS1 is on track to begin in 2024.
Vast’s proprietary CSP v3.0 technology has received significant support from the Australian government. Most recently, the Australian Renewable Energy Agency (ARENA) announced it has approved up to AUD65 million (US$43.26 million) in funding to support the construction of VS1.
