29-10-2024

Vast Renewables and GGS Energy partner to bring CSP-powered green methanol and SAF to the USA

Vast Renewables Limited announced it has signed a development services agreement with GGS Energy LLC to pursue a commercial-scale synthetic fuels project in the Southwest United States. Project Bravo, Vast?s first deployment in the U.S., will see Vast?s CSP v3.0 technology used to generate carbon free heat and electricity to power a co-located refinery that will produce green methanol and/or electrically powered sustainable aviation fuel. The project is expected to be located in the Southwest United States.

Methanol is one of the most versatile hydrogen derivatives which, if produced using clean energy, has the potential to decarbonise shipping and aviation fuels. Furthermore, e-SAF will be critical to reducing emissions from the aviation industry over the coming decades. Given these and other strong demand trends, the parties expect to attract high-quality, long-term offtake contracts from global strategic partners.

Project Bravo will build on Solar Methanol 1 (SM1), the CSP-powered green methanol reference plant to be located in Australia at the Port Augusta Green Energy Hub, that Vast is co-developing with global energy company Mabanaft. SM1 will be supplied with baseload renewable heat from Vast?s co-located 30 MW /288 MWh CSP plant, and it will have the capacity to produce 7,500 tonnes of green methanol each year. Vast has been undertaking early-stage development activities for Project Bravo, including initial design, site selection and feasibility assessments, to create a viable project ready for the next phase of development in collaboration with GGS Energy.

The project has a development target of 550MWh of CSP generation, with further details to be released as development activities unfold. The development services agreement sets out how Vast will advance Project Bravo with GGS Energy, a subsidiary of Glacier Global Partners that was formed in 2020 as an energy transition company focused on developing utility-scale renewable energy. The project?s success could unlock the mass production of green fuels from synthetic feedstocks in the US and catalyse a pipeline of future projects.