RayGen Secures $127M to Accelerate the Future of Solar Power and Energy Storage

RayGen is thrilled to announce a significant milestone in our journey towards revolutionizing renewable energy—raising AUD 127,000,000 in our latest funding round. This strategic injection of capital reinforces our commitment to developing next-generation solar power and electricity storage solutions, positioning RayGen at the forefront of the global clean energy transition. As an innovative Australian technology company, we continue to break new ground with our flagship Solar Power Plant, which delivers renewable energy on demand through our pioneering PV Ultra and Thermal Hydro technologies. These capabilities enable us to offer utility-scale, long-duration energy storage with time-shifting power generation, ensuring high-quality and reliable electricity even as grid demands fluctuate. The funds will be primarily allocated to further advancing our proprietary co-generation systems and expanding our existing infrastructure, including our 25MWAC manufacturing facility in Melbourne, Victoria. This growth will better position us to meet increasing market demand, accelerate our research and development efforts, and scale our commercial projects. With a dedicated team of 30 experienced professionals spanning engineering, manufacturing, operations, and sales, RayGen is well-equipped to harness the opportunities this funding unlocks. Moreover, our track record of delivering 1MWAC (3MW cogeneration) PV Ultra projects underpinned by power purchase agreements demonstrates our proven capabilities and bolsters investor confidence. With ongoing support from esteemed bodies such as the Australian Renewable Energy Agency (ARENA) and the Victorian Government’s New Energy Jobs Fund, this investment marks a crucial step in enabling RayGen to drive innovation, create sustainable jobs, and fortify our leadership in renewable energy on both a national and global scale. For more details on our journey and future endeavors, learn more at RayGen.com.