RayGen

Lowest cost, long duration solar + storage to deliver the economics of pumped hydro with the flexibility of batteries.
RayGen
Operating

RayGen is an Australian technology business with world-leading capability in the next generation of solar power and electricity storage. RayGen’s Solar Power Plant makes renewable energy available on demand with the lowest cost, long duration solar plus storage solution. The Solar Power Plant provides utility-scale, time-shifting energy storage with synchronous generation of high-quality power. The system can also be flexibly located and installed where the grid requires. The Solar Power Plant consists of RayGen’s proprietary PV Ultra (solar co-generation) and Thermal Hydro (electro-thermal storage) technologies. RayGen has a highly capable and experienced team of 30 employees in engineering, manufacturing, operations and sales. RayGen has built and sold 1MWAC (3MW cogeneration) PV Ultra projects, supported by power purchase agreements. RayGen develops and manufactures its high-efficiency solar modules at its 25MWAC manufacturing facility in Melbourne, Victoria. RayGen has received support from the Australian Renewable Energy Agency (ARENA) and the Victorian Government’s New Energy Jobs Fund.

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Taken on 2020-12
Blog Posts
9th April, 2025
RAYGEN COMPLETES $127 MILLION SERIES D INVESTMENT ROUND

Australian utility-scale solar and long duration energy storage company RayGen Resources today annou...

14th January, 2025
Photon Energy media release: Photon Energy Expands in South Africa with 250 MW Solar Hydro Project, Deploying Innovative RayGen Technology

Amsterdam/Cape Town/Prague – 14 January 2025 – Photon Energy N.V. (WSE: PEN, “Photon Energy Group”, ...

22nd April, 2024
Breakthrough Victoria media release: Investment in Innovative Renewable Energy Technology

Breakthrough Victoria is investing $20 million in Victorian company RayGen Resources to enable the S...

22nd April, 2024
Media release: RayGen launches Series D with US$20m SLB follow on

Australian solar-and-storage technology company RayGen today welcomed a US$20 million (A$30 million)...

8th December, 2023
COP28: RayGen’s CEO Richard Payne discussed the delivery of Australia’s net zero and superpower ambitions with other global energy thought leaders

The Australian Renewable Energy Agency (ARENA) took to the global stage at the 28th UNFCC Conference...

7th December, 2023
ARENA: Dispatch from Dubai: RayGen’s Richard Payne shares his ambition and commitment at COP28

“Today at COP28 in Dubai, ARENA met with Richard Payne, CEO of RayGen. A leader in solar and storage...

10th November, 2023
The Age: Will Mosley contributes to the “How your electricity bill gets worked out” article

Renewables now generate a third of our power. Much more will be needed if we are to meet Australia’s...

1st November, 2023
Clean Energy Council awarded 2023 Chloe Munro Scholarship for Transformational Leadership to Manuela Londoño Ferro

The Clean Energy Council announced ten recipients of the 2023 Chloe Munro Scholarship for Transforma...

26th October, 2023
All Energy: Manuela Londoño Ferro discusses the latest in LDES

RayGen’s Business Development Lead Manuela Londoño Ferro joined a stellar panel at All Energy Austra...

24th October, 2023
New Mexico RETA: Kira Rundel presented at Energy Storage Workshop in the southwest

RayGen’s Head of Strategic Projects Kira Rundel joined SLB’s Global Business Development Manager Son...

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Melbourne
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