Investor · 5 deals
Amsterdam
Every published round Photon Energy took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| RayGen | Series D+ | 10 Apr 2025 | $127m | Participant | Startup Daily (Tue 23 Dec 2025), SmartCompany, Forbes Australia, @AuManufacturing, Startup Daily (Thu 10 Apr 2025), RenewEconomy | |
| RayGen | Series C | 18 Oct 2021 | $55m | Participant | Startup Daily, @AuManufacturing, Breakthrough Victoria, RenewEconomy (Wed 3 Nov 2021), RenewEconomy (Mon 18 Oct 2021) | |
| RayGen | Unnamed stage | 8 Jun 2021 | $27m | Participant | ARENA, RenewEconomy | |
| RayGen | Unnamed stage | 15 Apr 2021 | $3m | Participant | RenewEconomy (Wed 19 May 2021), RenewEconomy (Thu 15 Apr 2021) | |
| RayGen | Unnamed stage | 7 Apr 2020 | - | Participant | RenewEconomy (Thu 15 Apr 2021), RenewEconomy (Tue 7 Apr 2020) |
Companies Photon Energy has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| RayGen | 7 Apr 2020 | 5 | 0 |
Fund closes reported for Photon Energy, as distinct from the investments it has made.
Companies Photon Energy has backed that another company then bought. An exit for the holding, not a deal Photon Energy did.
| Name | Role | Sources |
|---|---|---|
| Georg Hotar | CEO | RenewEconomy |
| Michael Gartner | Chief Technology Officer (former) | RenewEconomy (Wed 3 Nov 2021), RenewEconomy (Thu 15 Apr 2021), RenewEconomy (Tue 7 Apr 2020) |
Stories naming Photon Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Sydney-based CleanPeak Energy has agreed to buy Sustainable Energy Infrastructure's 27-project portfolio of solar and battery assets; the piece also recalls KKR's $550 million backing and CleanPeak's earlier purchase of Photon Energy's Australian assets.
Breakthrough Victoria's CEO reviews its 2024/25 year: growing capital base, strong co-investment leverage, portfolio milestones including Amber's $10m raise, first fellows awarded, and projected economic impact ahead.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·RenewEconomy
Solar storage firm RayGen has wrapped up a $127 million Series D a year after it began, with SLB leading and Breakthrough Victoria, ARENA and energy companies among the backers.
Also RenewEconomy·SmartCompany·Startup Daily·@AuManufacturing·Forbes Australia
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·LaunchVic
Solar storage company RayGen has opened its Series D with A$20m from Breakthrough Victoria plus US$20m (A$31m) from SLB, backing plans to take its concentrated solar and thermal storage technology into overseas markets.
Also Breakthrough Victoria·RenewEconomy·RenewEconomy·@AuManufacturing
RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Also SmartCompany·@AuManufacturing·RenewEconomy·Startup Daily·SmartCompany·RenewEconomy
RayGen Resources closed a $51 million round led by SLB, with Breakthrough Victoria contributing $20 million, to expand Victorian manufacturing; the piece recalls its 2021 Series C backers and an earlier ARENA grant.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.
Also Breakthrough Victoria·Breakthrough Victoria·RenewEconomy·Startup Daily·RenewEconomy·@AuManufacturing
Photon Energy has proposed a huge South Australian solar-plus-storage plant using RayGen's technology. The article also recalls RayGen's recent $55 million round backed by Chevron, Schlumberger, Equinor and Photon, plus AGL and ARENA support.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·@AuManufacturing
RayGen's Series C reached $55 million with Equinor investing $9 million, joining Chevron, AGL, Photon Energy and Schlumberger, plus an ARENA grant, funding a Victorian storage project.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·@AuManufacturing
The government agency announced a $15 million grant to RayGen for a world-first solar hydro power plant in Victoria; RayGen also completed a $27 million equity raise and holds an offtake agreement with AGL.
A ministerial letter inadvertently disclosed seven recent ARENA grants totalling $79.1 million, including funding for Genex's pumped hydro project, CuString, Raygen, the Australian Energy Council and Rio Tinto's aluminium division.
Also RenewEconomy
Melbourne solar hydro storage firm RayGen received a $3 million equity investment from existing backer Photon Energy within a recent capital raise, supporting its large solar plus storage project plans.
Photon Energy takes an unspecified minority equity stake in Melbourne solar-storage developer RayGen, whose recent $3 million funding supports a Victorian pilot, with a large solar-storage project planned.
Also RenewEconomy