CEO, RayGen
Stories naming Richard Payne. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Recap of Breakthrough Victoria's end-of-year gathering in Docklands, where portfolio founders shared scaling stories and the investor noted its portfolio now spans 77 commitments worth $480.7 million.
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.
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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.
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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.
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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.
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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.
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The national clean-energy funder commits $10 million to RayGen for maturing its combined sunlight-and-heat storage system toward utility scale, coinciding with the opening of the company's Carwarp plant in Victoria.
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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.
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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.
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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.
Australia's renewable energy agency is putting $3 million towards RayGen's feasibility study for a proposed 4 MW dispatchable solar-and-storage plant near Mildura, adding to its earlier backing of the startup's technology.
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.
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