Vast And GGS Energy Partner To Bring CSP-Powered Green Methanol And SAF To The U.S.
Portfolio Pulse from Benzinga Newsdesk
Vast Renewables Limited (NASDAQ:VSTE) has partnered with GGS Energy to develop a commercial-scale synthetic fuels project in the Southwest U.S. using CSP technology to produce green methanol and sustainable aviation fuel.
October 29, 2024 | 12:06 pm
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Vast Renewables Limited has signed an agreement with GGS Energy to develop a synthetic fuels project in the U.S. using its CSP technology, marking its first U.S. deployment.
The partnership with GGS Energy and the launch of Project Bravo in the U.S. represents a significant expansion for Vast Renewables, potentially increasing its market presence and revenue opportunities. The use of CSP technology for green methanol and e-SAF production aligns with growing demand for sustainable energy solutions, likely boosting investor confidence and positively impacting VSTE's stock price in the short term.
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