RayGen news, media and press releases.
RayGen news, media and press releases.
RayGen Resources Pty Ltd (RayGen) has been announced on the shortlist for the State Government of New South Wales’ Emerging Energy Program, capital works stream.
RayGen’s shortlisted project will deliver 10MW of solar generation and 5MW/50MWh of storage. This project will provide the National Electricity Market with renewable electricity both day and night and support grid reliability.
RayGen is developing this project in connection with Walcha Energy. Walcha Energy is the largest renewable energy project in the New England REZ with approximately 4,000MW of solar, wind and pumped hydro energy storage in development. RayGen’s innovative technology solution:
Technology description and video: www.raygen.com/thermal-hydro/
RayGen is the developer and Original Equipment Manufacturer (OEM) of the Solar Power Plant. RayGen’s Solar Power Plant is a new approach to solar electricity generation and storage. RayGen’s proprietary innovations unlock high performance from a system that is mostly composed of mirrors and water.
The enabling innovation, PV Ultra, is the world’s highest efficiency commercial solar technology and is designed and developed in Melbourne, Australia. PV Ultra has been deployed in 3MW of projects, with power sales since 2015.
RayGen has a capable and experienced team, consisting of over 30 employees in engineering, manufacturing and project management, operations and sales. RayGen has received support from the Australian Renewable Energy Agency (ARENA) and the Victorian Government’s New Energy Jobs Fund.
“RayGen’s new product may sound like an ‘overnight’ success story, but it has taken many years to achieve.” Dr John Lasich, RayGen Founder and Executive Director.
RayGen’s website: www.raygen.com
Walcha Energy is a partnership between Energy Estate and Mirus Wind to develop nearly 4,000MW of wind, solar and pumped hyrdo energy storage in the New England REZ. The Walcha Energy Project is the largest single renewable energy project being developed in the NEM.
The project is situated around the town of Walcha, located approximately 55km south of Armidale on the New England Tableland, in New South Wales, Australia.
Simon Corbell, Chief Advisor at Energy Estate commented, “Walcha Energy and RayGen are excited to be shortlisted by the NSW Government’s Emerging Energy Program. Our partnership directly meets the NSW Government’s key policy objectives of delivering dispatchable, zero emissions energy from the development of priority Renewable Energy Zones. The addition of RayGen’s Solar Power Plant to the Walcha Energy Project’s portfolio of solar PV, wind and pumped hydro energy storage continues to enhance the project’s commitment to bringing innovation, job growth and reliable, dispatchable energy to the New England Region, NSW and the NEM.”
Walcha Energy’s website: www.walchaenergy.com.au
The $75 million Emerging Energy Program supports the development of innovative, large-scale electricity and storage projects in NSW. The program will help reduce barriers to investing in emerging technologies, supporting affordable, reliable and clean energy across the state.
Program website here: energy.nsw.gov.au/renewables/clean-energy-initiatives/emerging-energy-program
Two-part article series by Will Mosley, RayGen’s Head of Sales.
View article series here:
RayGen and Net Zero Monash discuss PV Ultra as a renewable solution for the Australian Market
In this Beyond Zero Emissions podcast, Will Mosley joins Timothy Hoban on the Electrical Industrial Heating Panel to discuss PV Ultra as a renewable option for heat and electricity in the Australian market. In particular, Will discusses the cost saving opportunities for large scale industry who are able to reduce their electricity and gas expenses with PV Ultra’s heat and electricity.
View podcast video here:
RayGen Resources Pty. Ltd., the Victorian manufacturer of PV Ultra, the world’s highest efficiency solar power tower, welcomed Victorian Energy Minister D’Ambrosio and representatives of global utilities ESB-International and SP Group to its site in Newbridge, Victoria on Saturday 12th May 2018.
The event was to mark the commissioning of two new PV Ultra towers (0.5MWAC and 1MWthermal) at the Victorian agribusiness Scato Plus and coincided with a visit of the utilities to Melbourne, Australia for the Free Electrons Program.
RayGen’s PV Ultra technology now delivers the lowest cost solar electricity and heat (full turnkey cost of less than US$0.75/Wenergy). The dispatchable heat addresses a white space in the renewable energy market – industrial thermal energy supplied at a lower cost than natural gas.
In areas where there is no local heat requirement, the heat can be transformed into low cost freshwater production (using multi-effect distillation), district chilling (using absorption chillers) and electricity storage (using a solution developed internally).
RayGen’s PV Ultra is designed to produce more revenue products for the same installed capacity. Like a solar thermal tower, PV Ultra deploys a field of dynamic mirrors to focus sunlight onto a solar receiver atop a mast. In a world first, RayGen has developed PV Ultra modules that use multi-junction solar cells to convert the concentrated light to AC electricity at a system efficiency of over 25% approx. These modules have active thermal management, capturing most of the remaining energy as usable low-grade heat (less than 150°C, typically below 100°C). This ensures a conversion efficiency of the total sunlight to useable energy products of over 80%.
PV Ultra has been supplying Scato Plus with low cost solar energy since 2015 and the expanded PV Ultra power station will now address most of Scato Plus’ day time energy load.
RayGen is active in the market with its new 3MW Solar tower (1MWAC and 2MWthermal).
The recent pricing changes to the Australian electricity and gas markets have been a key driver for local demand in RayGen’s co-generation product. Customers of PV Ultra can save on both electricity and gas expenses, not just electricity expenses, and it is ideally suited to Australia’s regional food industry. Many potential Australian customers are the largest employer in their town, have significant heat requirement below 150°C and are in export industries where recent energy price rises cannot be passed through to the customer. Example businesses include dairies, abattoirs, food processors, confectionary, hydroponics and beverage.
In parallel and in complement to the local market strategy, RayGen is developing its international exports business. Attendees at the event represented large international businesses with activities across the Middle East, Europe and Asia.
For the Gulf States, RayGen has developed a low cost 24/7 renewable freshwater solution and is developing a 24/7 district cooling solution. This is targeted to a region where freshwater and space cooling are in high demand – for example, almost 80% of the energy consumed by the Emirate of Dubai is to produce space cooling and desalinated freshwater.
In China, RayGen is leveraging its existing market presence and partnerships to address the market created by the most recent Chinese Five Year Plan – which requires 4GWthermal of new solar district heating by 2020.
CEO Jorn Hammer:
“RayGen’s ambition is to become a global Original Equipment Manufacturer of PV Ultra. Today, RayGen Resources has a team of 30 staff, primarily in product engineering, manufacturing and sales, and we have manufacturing capacity for 25MWAC p.a. Our recently endorsed Five Year Plan, the ‘Triple One’, will see us deliver 1GWAC of firm sales orders in 2022, 1GWAC cumulative deployment to 2022 and 1GWAC manufacturing capacity by 2022.”
Founder and Executive Director Dr John Lasich:
“We thank the Minister and the State of Victoria for the support provided to RayGen through the New Energy Jobs Fund. RayGen is the centre of a new energy value chain that brings local innovation, manufacturing and jobs. RayGen is a Victorian manufacturer that is supplied by and supplies to Victorian manufacturers.”
The Newbridge Expansion Project received support from the New Energy Jobs Fund of the State of Victoria and from the Advancing Renewables Programme of the Australian Renewable Energy Agency (ARENA).
Interested potential customers or investors should contact Will Mosley, Head of Sales, via +61 (0)3 8669 0380.
“The researcher trains his blowtorch on a small panel, little bigger than a credit card. After repeated torching he reaches out his hand. It is cool to the touch.
It’s an impressive sight that cuts to the heart of the world-leading technology being created here in a Melbourne high tech manufacturing facility, and it’s a breakthrough technology that ARENA is proud to contribute additional funding for…”
View full article here: https://arena.gov.au/blog/raygen/
“The Australian Renewable Energy Agency (ARENA) has announced $4.8 million in support for Victorian company RayGen to continue commercialisation of RayGen’s solar power system PV Ultra, including construction of a 0.5MW concentrated solar PV demonstration project of the Australian developed technology…”
Article by Sophie Vorrath, published by Renew Economy, discusses RayGen’s technology and $4.8m funding investment from The Australian Renewable Energy Agency in 2017.
“Melbourne-based concentrated solar technology company RayGen Resources is set to ramp up the commercialisation of its home grown solar tower power technology – both in Australia and abroad – with another $4.8 million in grant funding from the Australian Renewable Energy Agency….”
Ben Potter, Senior Reporter for the Financial Review, writes about RayGen’s attendance at a Clean Energy Finance Corporation (CEFC) event in February, 2017.
“A Melbourne start-up that wants to commercialise space age solar panels is one of ten firms seeking $88 million from investors at a Clean Energy Finance Corporation speed-dating event on Tuesday….”
View full article here:
Bill Shorten and Shadow Minister for Innovation, Industry, Science and Research, Kim Carr, visit RayGen on Wednesday, 26th October 2016.
“The Andrews Labor Government has confirmed the first group of successful recipients of its $20 million New Energy Jobs Fund grants.
Minister for Energy, Environment and Climate Change Lily D’Ambrosio today announced that RayGen Resources will receive more than $1 million funding to support the design, construction and manufacture of a new automated production line for its world-leading solar technology.”
View press release here: