RayGen

RayGen Resources secures AUD 50 million funding to expand manufacturing and scale up project delivery, combining solar power with thermal water-based storage for on-demand electricity.

RayGen Resources Pty Ltd has opened a 4MW solar and thermal storage power plant in Carwarp, Victoria. ARENA funds AUD 10 million to support the commercialisation of RayGen's technology, allowing for long-duration energy storage and improved design of a 200 MW solar and 115 MW/1.2 GWh storage system.

Amsterdam-based Photon Energy NV has actually acquired a minority risk in Australia's RayGen Resources Pty Ltd with which it will certainly establish a 100-MWp/1,000-MWh solar-plus-storage project.

Melbourne-based solar plus storage space developer RayGen Resources claims it has actually generated worldwide solar project developer Photon Energy as a small equity companion, as well as has prepare for a big 100MW/1,000 MWh solar plus storage space project.

The Australian Government and also the Australian Renewable Energy Agency (ARENA) are readied to money RayGen Resources Pty Ltd (RayGen) to the tune of $3 million towards an usefulness research study for a 4 MW "solar hydro" nuclear power plant in north-western Victoria.