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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

Objective

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.

Field of science

  • /engineering and technology/environmental engineering/energy and fuels/renewable energy/solar energy

Call for proposal

H2020-SMEINST-1-2014
See other projects for this call

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

RAYGEN RESOURCES LTD
Address
72 Great Suffolk Street
SE1 0BL London
United Kingdom
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
EU contribution
€ 50 000

Participants (3)

CAUTHA SRL
Italy
EU contribution
€ 0
Address
Piazza Del Tricolore 4
20129 Milano
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
NUR ENERGIE LIMITED
United Kingdom
EU contribution
€ 0
Address
25 North Row
W1K 6DJ London
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
RENIENCE DI PRIVEQUIT CAPITAL MANAGEMENT SRL SAPA
Italy
EU contribution
€ 0
Address
Viale G Marconi 52
25015 Desenzano Del Garda
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)