A unique innovative utility scale solar energy tec.. (RAYGEN)
A unique innovative utility scale solar energy technology that utilises a field of low cost heliostat collectors to concentrate sunlight onto an ultra-efficient multi-junction photovoltaic cell array
Start date: May 1, 2015,
End date: Oct 31, 2015
Current utility PV installations require a large quantity of PV panels (semiconductors), space (land resources) and are consequently very capital intensive. RayGen offers a proprietary breakthrough utility scale solar energy technology that utilises a field of low cost heliostat collectors to concentrate sunlight onto an ultra-efficient multi-junction photovoltaic cell array located in a mast mounted central receiver. The technology combines the benefits of traditional PV with solar thermal energy installations and leverages several patents and trade secrets.The RayGen CSPV offers unique value to Energy Utility Companies and System integrators, such as 40% less collector area than CPV as well as 65% plant mass, performance 2.4x higher than conventional PV plants with only 0.1% of PV cells, cheaper and easier installation and maintenance, high reliability and most importantly capital expenditure 95% less than traditional PV. RayGen’s technology is also the leader in PV performance, since it presently holds (with the University of New South Wales, Australia) the world record solar system efficiency of 40.4%, independently verified by NREL.The technology has been validated with extensive lab tests and the Australian mother company is already testing the design in a pilot plant in Bridgewater Australia, supported by the Australian Government. The Phase 1 project will be focused on establishing a complete supply chain, a sound business model and commercialization strategy and to plan all activities for deploying a large scale pilot supported by a major energy utility company and partnering system integrator SMEs Nur Energie Ltd, Cautha Srl and Renience Srl.
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