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NEWS
Vast Updates Shareholders at Annual General Meeting on Significant Progress Towards Delivering Continuous, Carbon Free Energy to the World
Thursday, 5th December at 4:30 pm
SYDNEY, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited ("Vast") (NASDAQ: VSTE), a leading Australian green energy technology company, held its Annual General Meeting ("AGM") on November 27, updating shareholders on progress towards deploying its next generation concentrated solar power ("CSP") solution to deliver clean, continuous dispatchable power and heat.
The AGM saw Vast's Chairman, Peter Botten, and CEO, Craig Wood, provide updates on the company's achievements throughout 2024 and the outlook for the year ahead. All resolutions were successfully passed at the AGM, with Craig Wood, Colin Richardson and William Restrepo all re-elected as Directors.
The AGM follows Vast's recent announcement that it has signed an updated funding agreement to access up to $30 million of its existing $65 million grant from the Australian Renewable Energy Agency ("ARENA").
The funding and Vast's progress throughout 2024 pave the way for another successful year ahead. Vast's technology is set to be deployed at utility-scale in Port Augusta, South Australia at the Vast Solar 1 ("VS1") project to deliver green, reliable and affordable energy for South Australia's grid. The technology will also power a world-first co-located renewable methanol production facility, Solar Methanol 1 ("SM1"). A real world, in-demand application for hydrogen, renewable methanol has the potential to decarbonise shipping and is already being used to power major container vessels.
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