Startup · $153.5m raised
Goodna, QLD
Every investor coverage indicates participated in a round Vast Renewables raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Renewable Energy Agency (ARENA) | Grant · Grant · Grant · Grant | $114,480,000 |
| EDF Australia | Grant | $16,200,000 |
| EDF | Grant | - |
The transaction that ended Vast Renewables's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 2024 | - | RenewEconomy (Thu 13 Nov 2025), RenewEconomy (Thu 13 Nov 2025), RenewEconomy (Tue 26 Nov 2024), RenewEconomy (Fri 8 Dec 2023) |
Companies Vast Renewables acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Vast Renewables. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG administrators have taken control of Australian solar thermal developer Vast Renewables and will run a sale or recapitalisation process, following its recent Nasdaq delisting; the Port Augusta project's future is unclear.
Vast Renewables has locked in a $30 million first instalment of ARENA grant money for its Port Augusta solar thermal project and Australian manufacturing, with CSIRO flagging a record raise for a solar thermal spin-off.
Also RenewEconomy
Vast Renewables and Mabanaft have signed a joint development agreement advancing Vast's South Australian solar methanol plant, with Mabanaft holding offtake rights and ARENA plus German government funding behind the project.
Vast Renewables and Germany's Mabanaft gain planning consent for the Solar Methanol 1 green methanol plant in South Australia; ARENA's $65 million backing and a German grant for Mabanaft are noted.
Vast Renewables' Port Augusta methanol plant has won planning approval; the article recalls February funding commitments from ARENA and a German government program for construction.
Vast Renewables and Mabanaft have finalised A$40m in government funding for their SM1 green methanol plant at Port Augusta: up to A$19.48m from ARENA, up to €12.4m via Germany's HyGATE program.
Also @AuManufacturing
French energy company EDF has committed €10 million to back Vast Renewables' concentrated solar plans across Australia, adding to earlier government grants for its plants and an agreed-but-unclosed Nasdaq listing deal with Nabors' SPAC.
Also RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy·RenewEconomy