Spending power
TheGrid Corporate Spending Power index would rate purchasing capacity from registry, scale and activity signals.
Spending power
Key facts
Counted staff
87
self-reported 51–200 band
Founded
2010
16 years
Legal entities
None matched
Office countries
1
1 address
Funding rounds
9
Series D · May 2025 · US$ 78.0M
Company type
Privately Held
self-reported
Description
RayGen is an Australian technology business with world-leading capability in the next generation of solar power and electricity storage.
RayGen’s Solar Power Plant makes renewable energy available on demand with the lowest cost, long duration solar plus storage solution. The Solar Power Plant provides utility-scale, time-shifting energy storage with synchronous generation of high-quality power. The system can also be flexibly located and installed where the grid requires. The Solar Power Plant consists of RayGen’s proprietary PV Ultra (solar co-generation) and Thermal Hydro (electro-thermal storage) technologies.
RayGen has a highly capable and experienced team of 30 employees in engineering, manufacturing, operations and sales. RayGen has built and sold 1MWAC (3MW cogeneration) PV Ultra projects, supported by power purchase agreements. RayGen develops and manufactures its high-efficiency solar modules at its 25MWAC manufacturing facility in Melbourne, Victoria. RayGen has received support from the Australian Renewable Energy Agency (ARENA) and the Victorian Government’s New Energy Jobs Fund.
Learn more at RayGen.com
Specialties
All 8 specialties
- Clean Energy
- Energy Storage
- Technology
- Innovation
- Engineering
- Manufacturing
- Affordable
- on-demand power
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | AU |
All codes: AU
Addresses
- AU8 Cato St; Hawthorn East, Victoria 3123Primary
Grid intelligence Members
Funding
Rounds9
Round typeSeries D · venture round
Amount (USD)78,000,000
Stage rank5
Investors named1
Since last round8 mo
Funding
Show as table · 9 funding rounds
| Rounds | 9 |
|---|---|
| Axis | 2010 to 2026 |
| Series D · 9 May 2025 | US$ 78.0M |
Dated rounds only. The axis ends at the date this profile was last observed, not at today.
Signals & hiring
Hiring, headcount and registry-change signals, streamed to members.
Latest signal
Hiring activity
Headcount trend
Financials
Registry-filed capital and financial indicators, standardised by TheGrid.
Paid-up capital
Fiscal period
Registered charges
Revenue
Profit / loss
People & contacts
4 employee profiles on record · names withheld.
Names and titles are intentionally absent from this page. The source relation carries no consent record across the privacy regimes this directory spans, so it is never requested and never stored. Search engines see exactly what you see here.
Counts only. No names are stored here, and none are served.
FAQ
How many people work at RayGen?
The record holds 87 counted staff profiles at January 2026, inside the self-reported 51–200 band.
Where does RayGen have offices?
One address on record, Australia only. Primary: 8 Cato St, Hawthorn East, Victoria 3123.
Has RayGen raised funding?
Nine rounds. Latest 9 May 2025: Series D, US$78,000,000, investor Schlumberger.
What does RayGen list as its specialties?
Eight tags on the brand's own list, among them technology, engineering and manufacturing.
Which companies are listed alongside RayGen?
19 profiles list RayGen as a peer — 96th percentile in Renewable Energy Semiconductor Manufacturing. It lists ten peers of its own. Insight Engineering Australia Pty Ltd and Vast list it back.