Vast Renewables Limited - Ordinary Shares (VST)

Competitors to Vast Renewables Limited - Ordinary Shares (VST)

Brookfield Renewable Partners L.P. 

Brookfield Renewable Partners focuses on owning and operating renewable energy assets across hydro, wind, and solar. Both companies thus compete for projects and investments, but Brookfield’s extensive portfolio and capital resources present a significant advantage in acquiring and developing large-scale renewable energy projects. Vast must find opportunities in more sector-specific niches or innovative ventures to differentiate itself.

Canadian Solar Inc. 

Canadian Solar is a major player in the solar panel manufacturing sector and also provides solar power solutions. The competition with Vast Renewables arises in the international power markets, notably in solar energy capabilities. However, Canadian Solar's global supply chain efficiency and established relationships give it a competitive edge in terms of cost and delivery, which can put pressure on Vast's operational model.

Enphase Energy, Inc. 

Enphase Energy produces microinverters for solar energy systems and has a strong presence in residential solar. Enphase and Vast Renewables compete in the renewable energy space, but Enphase holds a competitive edge through its innovative technology and strong brand loyalty in residential markets. Vast's strategy may hinge more on large-scale projects or diverse renewable sources, positioning it differently within the market.

First Solar, Inc. 

First Solar specializes in manufacturing solar photovoltaic (PV) modules and provides utility-scale PV power plants. Both Vast Renewables and First Solar target the solar power sector; however, First Solar effectively leverages its advanced technology to drive cost efficiencies and sustainability, giving it a robust competitive advantage in the efficiency and reliability of its solar products while Vast focuses on a broader assortment of renewable technologies.

NextEra Energy, Inc. 

NextEra Energy is one of the largest producers of renewable energy from wind and solar in the world. The company has a long-standing commitment to sustainability and investment in technology innovation to enhance energy efficiency. Vast Renewables competes with NextEra by focusing on specific geographical markets and niche renewable technologies, but NextEra's massive scale and financial resources provide it with a competitive advantage.

Orsted A/S

Orsted is recognized for its leadership in offshore wind energy generation and has successfully transitioned from traditional fossil fuels to become a major player in renewable energy. They compete with Vast Renewables through their innovative approaches and commitment to sustainability. With significant investments in offshore projects, Orsted boasts technological advancements and an established market presence that offer them advantages in reaching project completion and operational efficiency compared to newer entrants like Vast.