{
Equinor Ventures AS

Companies

}
001122334455554433221100
001122334455554433221100

RayGen secures 79.8 million dollars in significant clean energy funding round

Australian cleantech startup RayGen has raised AU$127 million (US$79.8 million) in a Series D funding round, marking one of the largest clean energy tech investments in the country. The funding will enhance the company's solar energy and long-duration storage solutions, with backing from notable investors like SLB, ARENA, and Equinor Ventures.This investment highlights the growing importance of specialized energy storage technologies amid challenges in the clean energy sector. RayGen's innovative "thermal hydro" technology, with a 70% round-trip efficiency, positions Australia as a key player in the global clean energy market, moving beyond its traditional role as a resource supplier.
Tech in Asia
Australian Dollar SLB 4,6% 01JUN25 Equinor Ventures AS Quanta Services, Inc. AUS Richard Payne Show more
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02:30 13.04.2025
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