Aurora Project Update: Vast Solar MOU

1414 Degrees is pleased to report progress on its Aurora Solar Energy Project (ASEP). 14D and Vast Solar have executed a Memorandum of Understanding (MOU) to investigate the commercial feasibility of incorporating Vast Solar’s modular Concentrated Solar Thermal Power (CSP) technology in a dispatchable renewable energy park.

Vast Solar has developed a modular CSP technology with assistance from the Australian Renewable Energy Agency (ARENA). Vast Solar is seeking sites to build larger plants to provide low cost, firmed electricity.

The proposed ASEP park will include 14D’s Thermal Energy Storage System (TESS) and other energy assets creating a globally important showcase of world-leading technologies to deliver dispatchable renewable electricity. The aim is to provide secure, reliable renewable electricity at low cost.

The collaboration will assess the mutual benefits of increased utilisation of the transmission assets, reduction of potential spilled energy and maximisation of revenue stacks to demonstrate competitive levelised cost of energy (LCOE) and levelised cost of storage (LCOS).

14D plans a multistage development of the Aurora Solar Energy Project with solar PV and batteries in the first stage of a hybrid power plant, followed by expansion to add 14D’s TESS and, potentially CSP.

Source: 1414 Degrees
Date: Sep 11, 2020