Solar storage tech company RayGen locks in new funding
15 April 2021 Melbourne-based “solar hydro” tech company RayGen Resources has received a new investment boost from equity partner Photon Energy, as it works towards plans for a huge 100MW/1,000MWh solar plus storage project. Amsterdam-based solar project developer Photon, which last year took a minor equity stake in RayGen, on Thursday announced that made an equity investment of $3 million in RayGen maintaining a roughly 9% stake in the technology company. Photon said he investment was made as part of a recent capital raise for RayGen, which it participated in alongside a group of as-yet ...