Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors

Vast Renewables Limited (Vast) (Nasdaq: VSTE), a renewable energy company specialising in concentrated solar thermal power (“CSP”) energy systems that generate zero-carbon, utility-scale electricity and industrial process heat, today announced the appointment of two additional directors, Peter Botten and Tom Quinn.

The appointment of Mr. Botten and Mr. Quinn, as well as the appointments made last month in connection with the closing of Vast’s business combination with Nabors Energy Transition Corp., underscore Vast’s dedication to high standards of corporate governance and strategic oversight.

Vast’s board of directors is comprised of esteemed professionals who bring a wealth of experience with listed firms in the U.S. and Australia, as well as deep expertise in the global energy industry. The board will play a pivotal role in shaping the company’s direction, ensuring it remains at the forefront of renewable energy technology, continuing to deliver value to its shareholders, employees, customers and the communities in which it operates.

The board now comprises:

Peter Botten (Chairman): Mr Botten is a distinguished ex-Chief Executive and internationally recognised business leader, with over 40 years of experience in the resources sector. With an illustrious career, including over 26 years as Managing Director of the international energy company Oil Search, Mr. Botten was one of the longest-serving Chief Executives on the Australian Stock Exchange.

Craig Wood: Mr Wood is the CEO of Vast. He brings a wealth of experience, with a background in finance and investment, and leadership positions in industrial and manufacturing organisations. His diverse career has spanned key locations including Sydney, New York, London and Perth with notable roles at Archer Capital, Lehman Brothers, Clough Engineering and Brownes Dairy. Mr Wood’s visionary leadership has been instrumental in Vast’s success in revolutionising the CSP landscape.

Colleen Calhoun: Ms Calhoun currently serves as a director of Quaise Energy, Via Separations and Nabors Transition Corporation II (NYSE: NETD). Ms Calhoun’s diverse experience encompasses leading complex project and structured finance transactions, heading the marketing and strategy team for General Electric’s Power and Water business, and investing venture capital across the energy value chain.