Vast Announces Term Sheet to Facilitate Transmission Access for Aurora Energy Precinct
Vast Announces Term Sheet to Facilitate Transmission Access for Aurora Energy Precinct
SYDNEY, Australia, April 08, 2024 (GLOBE NEWSWIRE) -- Vast Renewables Limited (Vast) (Nasdaq: VSTE) and 1414 Degrees Limited (ASX:14D), through their joint venture SiliconAurora Pty Ltd (SiliconAurora), today announced the signing of a term sheet (Term Sheet) with Vast Solar 1 Pty Ltd and OZ Minerals Services Pty Ltd (OZM), a subsidiary of BHP Group Limited (BHP), to enter into negotiations with OZM for a possible binding agreement (Agreement) by 30 September 2024 (which date can be extended by mutual consent) (Agreement Date) that would facilitate access for the initial stages of the Aurora Energy Precinct (the Precinct) to the ElectraNet owned Hill-to-Hill Transmission Line (H2H) near Port Augusta, South Australia.
澳大利亚悉尼，2024年4月8日（环球新闻专线）——Vast Renewables Limited（Vast）（纳斯达克股票代码：VSTE）和1414度有限公司（澳大利亚证券交易所股票代码：14D）今天宣布与Vast Solar 1 Pty Ltd和BB的子公司OZ Minerals Services Pty Ltd（OZM）签署条款表（条款表）必和必拓集团有限公司（BHP）将在2024年9月30日之前（经双方同意可以延期）（协议日期）与OZM就可能的具有约束力的协议（协议）进行谈判，这将为准入提供便利从奥罗拉能源区（以下简称 “专区”）到南澳大利亚奥古斯塔港附近的ElectraNet拥有的山对山输电线路（H2H）的初始阶段。
The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.
该区域归SiliconaUrora所有，该公司计划在该场地上开发140兆瓦（2小时）的电池储能系统（BESS）。
Additionally, Vast plans to develop Vast Solar 1 (VS1), a 30MW concentrated solar thermal power (CSP) plant with 288 MWh of thermal storage, on the Precinct site. VS1 was awarded up to AUD $65 million in conditional grant funding by the Australian Renewable Energy Agency (ARENA). VS1 will be co-located with Vast's planned Solar Methanol 1 (SM1) project, a green methanol demonstration plant led by Vast and German integrated energy giant Mabanaft, which has been awarded up to AUD $19.48 million and up to EUR 13.2 million of conditional grant funding from a collaboration between the Australian and German Governments, respectively.
此外，Vast计划在Precinct场地上开发Vast Solar 1（VS1），这是一座30兆瓦的聚光太阳能热发电（CSP）发电厂，蓄热量为288兆瓦时。澳大利亚可再生能源署（ARENA）向VS1提供了高达6500万澳元的有条件拨款。VS1将与Vast计划的太阳能甲醇1（SM1）项目同地办公，该项目是由Vast和德国综合能源巨头Mabanaft牵头的绿色甲醇示范工厂，该项目已分别获得澳大利亚和德国政府合作提供的高达1,948万澳元和高达1,320万欧元的有条件补助资金。
The BESS and VS1 are planned to connect to the H2H, providing clean, reliable energy to power Australian homes and businesses. Connection to the H2H will be subject to further negotiations and agreement with OZM and ElectraNet as contemplated under the Term Sheet. The Term Sheet also contains certain termination scenarios including if OZM, in its absolute discretion, is not satisfied with the risks associated with the proposed connections to the H2H following a technical engineering review.
BESS和VS1计划连接H2H，为澳大利亚家庭和企业提供清洁、可靠的能源。根据条款表的设想，与H2H的连接将取决于与OZM和ElectraNet的进一步谈判和协议。条款表还包含某些终止情景，包括OZM是否在进行技术工程审查后自行决定对与H2H的拟议连接相关的风险不满意。
Vast's CEO Craig Wood said, "Decarbonizing Australia's electricity supply requires that dispatchable renewable energy with long duration storage like that provided by Vast's proprietary CSP v.3.0 technology be integrated into the Australian electricity grid. Execution of this Term Sheet is an important step forward, and we are looking forward to continuing discussions with BHP to agree commercial and technical terms so we can progress the Precinct."
Vast首席执行官克雷格·伍德说：“实现澳大利亚电力供应的脱碳需要将可调度的可长期存储的可调度可再生能源，例如Vast专有的CSP v.3.0技术提供的可调度可再生能源，集成到澳大利亚电网中。本条款表的执行是向前迈出的重要一步，我们期待与必和必拓继续进行讨论，以商定商业和技术条款，以便我们能够推进该分区的发展。”