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RayGen develops solar power and energy storage systems that combine mirrors with thermal storage.
RayGen develops solar and energy storage technology, including systems that use mirrors and water reservoirs to provide power after dark. Its Carwarp power plant has a capacity of 50 MWh and a duration of 17 hours. Based in Victoria, Australia, the company was founded in 2010. In April 2024, it raised USD 50 million in Series D funding led by Schlumberger Technology Corporation, with participation from Breakthrough Victoria.
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