Startup · $208m raised
Hawthorn East, VIC
Every investor coverage indicates participated in a round RayGen Resources raised.
| Investor | Rounds | Invested |
|---|---|---|
| Breakthrough Victoria | Series D+ · Series D+ · Series D+ | $40,000,000 |
| SLB | Series D+ · Series D+ | $31,000,000 |
| Australian Renewable Energy Agency | Series D+ · Grant | $17,000,000 |
| Australian Renewable Energy Agency (ARENA) | Grant | $10,000,000 |
| AGL energy | Series D+ | - |
| Equinor Ventures | Series D+ | - |
| Oxy Technology Ventures | Series D+ | - |
| Photon Energy Group | Series D+ | - |
| Quanta Services | Series D+ | - |
| ARENA | Grant | - |
Companies RayGen Resources acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming RayGen Resources. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
RayGen Resources has closed a $127m Series D round led by SLB, with ARENA, AGL Energy and Photon Energy Group also taking part, to speed global rollout of its solar and thermal storage technology.
Roundup of the week's funding news: nine companies across Australia and New Zealand secured investment spanning clean energy, construction logistics, legal tech, coaching, research tools, creator media, medtech and marketing software.
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Earth Day roundup of fifteen Australian climate and sustainability startups that have secured funding in 2024, from RayGen's $51 million Series D down to CarbonHQ's $600,000 pre-seed round.
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RayGen has banked a $51 million Series D co-led by SLB and Breakthrough Victoria to scale its solar and thermal storage technology, alongside earlier backers AGL Energy, Equinor Ventures and ARENA.
Breakthrough Victoria announces putting $20 million into RayGen Resources, a Victorian solar and thermal energy storage maker, to support clean energy, local manufacturing and the company's growth alongside its existing backers.
The national clean-energy funder commits $10 million to RayGen for maturing its combined sunlight-and-heat storage system toward utility scale, coinciding with the opening of the company's Carwarp plant in Victoria.