Vast Solar to go public via merger with Nabors Energy Transition in a $586m deal.

Vast Solar, a renewable energy company specializing in concentrated solar power energy systems that generate zero-carbon, utility-scale electricity and industrial heat, agreed to go public via merger with Nabors Energy Transition, a special purpose acquisition company, in a $586m deal. "Vast’s CSP technology collects and stores the sun’s energy during the day for delivery at any time, making around-the-clock, clean power a reality. While the cost of wind and PV solar have declined significantly, their intermittency remains a key challenge that can only be addressed with storage. By providing clean, renewable energy with low-cost, long-duration storage, our CSP system can be incorporated as dispatchable generation in a way that is not possible using PV solar or wind with batteries. We are excited to partner with NETC to accelerate the deployment of our technology globally," Craig Wood, Vast CEO.