Vast Renewables shares fall 4.58% premarket despite securing AUD180 million for clean energy project.

Vast Renewables Limited dropped 4.58% in premarket trading. The company announced it has secured up to AUD180 million of conditional funding from the Australian Renewable Energy Agency for its Port Augusta utility-scale clean energy project, VS1. This project will deploy Vast's next generation concentrated solar thermal power solution, providing long duration renewable energy storage and generation.