Vast Renewables Limited · OTC:VSTTF

Vast Renewables — Investor Presentation (March 2024)

17 slides from Vast Renewables's investor presentation, Mar 20, 2024

  1. Slide 1: Back from the Dead: Why Concentrated Solar Thermal is one of the Hottest New Renewable Technologies

    Back from the Dead: Why Concentrated Solar Thermal is one of the Hottest New Renewable Technologies 20 March 2024

  2. Slide 2: Disclaimer

    Disclaimer This presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in making their own evaluation with respect to the business operations of Vast Renewables Limited, an Australian public company

  3. Slide 3: History

    History Heliostat Modular Array Solar Receiver Prototyping Prototyping Prototyping 1.1MW Sun-to-Grid Demonstration Plant Utility Scale Project and Testing and Testing and Testing Located Near Forbes, Australia Development 2009 - 2010 2010 - 2011 2011 - 2014 2014 - 2020 2018 - 2019 Marulan 1 Marulan

  4. Slide 4: Vast CSP v3.0 Technology

    Vast CSP v3.0 Technology Collection Storage Generation 4

  5. Slide 5: Vast CSP v3.0 – an Evolution of Well-Established Technology

    Vast CSP v3.0 – an Evolution of Well-Established Technology Delivering Superior Performance and Cost with Lower Risk Criteria Parabolic Trough CSP v1.0 Central Tower CSP v2.0 Vast CSP v3.0 Levelized Cost of Energy Project Scalability Storage Efficiency Power Cycle Efficiency Ease of Permitting Ease

  6. Slide 6: Decarbonization has Begun, but Emissions in Hard-to-Abate Sectors are Heading the Wrong Way

    Decarbonization has Begun, but Emissions in Hard-to-Abate Sectors are Heading the Wrong Way Decarbonizing industry is challenging because many industrial processes require heat that can only be efficiently generated by burning fossil fuels The early stages of decarbonizing electricity supply are eas

  7. Slide 7: CSP Solves These Problems in Sunny Locations

    CSP Solves These Problems in Sunny Locations It’s Dispatchable It Can Generate Process Heat ► Wind and Solar PV are intermittent ► CSP can generate process heat generators equivalent to burning fossil fuels, allowing manufacturers to decarbonize ► Adding battery storage allows wind and solar PV to b

  8. Slide 8: Vast CSP Will Deliver Low-Cost Primary Energy to Power Solar Refineries

    Vast CSP Will Be Capable of Delivering Low-Cost Primary Energy to Power Solar Refineries for Methanol and eSAF Production Heat + Electricity from Vast CSP Methanol Methanol as a Green Shipping Fuel eSAF SAF as a Green Aviation Fuel 8

  9. Slide 9: CSP Expected to Deliver Superior Green Fuel Economics

    CSP Expected to Deliver Superior Green Fuel Economics Key Drivers Energy Cost Fact: the primary driver of green CSP’s ability to supply dispatchable electricity and ► low-cost heat unlocks the economics of processes that fuel cost is input energy cost require energy in both forms ► CSP’s scalability

  10. Slide 10: Opportunity: 16 Billion Liter Gap in SAF Market by 2030

    Opportunity: 16 Billion Liter Gap in SAF Market by 2030 Current and announced global SAF capacity to 2030 (Million of liters/year) Required capacity to be on path for net-zero by 2050 22,500 Gap: 16,000 6,804 7,096 6,389 6,597 5,985 6,151 5,478 2,578 1,565 505 156 2020 2021 2022 2023 2024 2025 2026

  11. Slide 11: Opportunity: 13 Billion Liter Gap in Green Methanol Market by 2030

    Opportunity: 13 Billion Liter Gap in Green Methanol Market by 2030 Current and expected global shipping methanol demand and production capacity to 2030 (Million of liters/year) Required capacity to be on path for net-zero by 2050 24,000 Gap: 12,600 11,372 9,098 7,581 6,192 5,054 3,083 1,264 505 0 20

  12. Slide 12: Current Projects

    Current Projects Vast Solar 1 – Dispatchable Electricity Solar Methanol 1 – Green Methanol Production ► Reference plant for Australian CSP ► World-leading reference project with 7,500 T p.a. capacity ► 30MW CSP with 8 hours of dispatchable power overnight ► Strong consortium of German and Australian

  13. Slide 13: Aurora Precinct Overview

    Aurora Precinct Overview Located 30km north of Port Augusta, South Australia Port Augusta ► 1,580ha site with 40 year tenure PV BESS ► Staged development ► VS1: 30MW CSP plant with 8 hours storage VS1 ► SM1: 7,500 T p.a. solar methanol plant SM1 ► BESS: 140MW / 280MWh (50/50 with 1414 Limited) 275kV

  14. Slide 14: VS1 – 30MW Port Augusta CSP

    VS1 – 30MW Port Augusta CSP Rendered image for illustrative purposes 14

  15. Slide 15: VS1 – 30MW Port Augusta CSP

    VS1 – 30MW Port Augusta CSP ► Configuration ► 8 solar fields each of ~2,400 heliostats ► 8 hours of thermal storage in 3 tanks ► Preassembled steam generator (SGS) ► Preassembled 30MW steam turbine pkg ► Status ► Pre-FEED completed ► FEED underway ► HV connection application progressing ► Target FID

  16. Slide 16: Vast Pipeline – Target Geographies

    Vast Pipeline – Target Geographies Focus Region Secondary Region Vast Personnel Source: SolarGIS; dark red and purple areas indicate higher potential output 16

  17. Slide 17: Reliable, Controllable, Stored Energy.

    Reliable, Controllable, Stored Energy.

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