News

16
Apr
RayGen and Egesim announce strategic alliance

RayGen Resources Pty Ltd (RayGen) and Egesim Group (Egesim) have recently formalised a strategic alliance that that will include the engineering, procurement and supply of world-class Organic Rankine Cycle (ORC) systems with core Turboexpander technology from Atlas Copco Gas and Process for RayGen’s Solar Power Plant (‘solar hydro’) technology.

The first project under this alliance will be a fully dispatchable renewable energy facility delivering 4MW of solar generation and 3MW/50MWh (17 hours) of storage. RayGen is partnering with major Australian power utility AGL on the feasibility stage of the project. RayGen recently secured $3 million AUD funding from the Australian Renewable Energy Agency (ARENA) to advance the project to financial close in 2020. The project will be located in Carwarp, Australia.

Egesim and their partner Atlas Copco Gas and Process will work with RayGen to deliver the Organic Rankine Cycle (ORC) module of RayGen’s Solar Power Plant. With support from EPC partner, Egesim Group, Atlas Copco Gas and Process, have delivered over 400MW of ORC systems throughout the world.

Egesim CEO Mutlu Akar said: “Egesim with its partner Atlas Copco are very pleased to be able to work closely with RayGen to commercialise their new Solar Power Plant technology. Our cooperation includes R&D support and supply of the world-class AtlasCopco Turboexpander solution with EPC provided by Egesim group. We believe that RayGen’s technology, including the Atlas Copco/Egesim ORC system can be competitive with coal power, matching the reliability and cost at large scale.”

James T Reilly, General Manager of Atlas Copco Mafi-Trench Company LLC (a product company in the Atlas Copco Gas and Process Division) said: “RayGen’s technology represents an innovative application of Atlas Copco’s Turboexpander products to establish a world-leading renewable power generation solution.”

RayGen CEO Richard Payne said: “We are thrilled to announce our strategic alliance with Egesim and their partner Atlas Copco, two leaders of heat-to-power applications globally. With Egesim and Atlas Copco’s ORC solution, RayGen is able to deliver the economics of pumped hydro and the flexibility of batteries.”


ABOUT RAYGEN RESOURCES

RayGen Resources is an Australian technology company with world-leading capability in the next generation of solar power and electricity storage. RayGen’s “Solar Power Plant” consists of RayGen’s proprietary PV Ultra (solar co-generation) and Thermal Hydro (electro-thermal storage) technologies. These technologies are designed in Melbourne and are protected by six patent families. RayGen has an experienced team of 30 staff in Melbourne and Bendigo, working across engineering, manufacturing, operations and commercial functions. In 2015, its first PV Ultra project started supplying power to farms near Bendigo in Victoria and has now been operating with high performance for five years. RayGen has built and sold 1MWAC (3MWco-generation) PV Ultra projects supported by power purchase agreements. RayGen develops and manufactures its high-efficiency solar modules at its 25MWAC manufacturing facility in Melbourne. For more information, please visit www.raygen.com.


ABOUT EGESIM

Founded in 1994, Egesim provides products, solutions, panels, systems and services in the field of energy, electricity and automation in all sectors. Egesim is a supplier of world-class Organic Rankine Cycle Solutions for geothermal, combined heat and power, waste-to-heat, and waste heat recovery purposes.

Website: http://www.egesim.com/


ABOUT ATLAS COPCO GAS AND PROCESS

Great ideas transform industries.

At Atlas Copco Gas and Process, we help customers prepare for tomorrow by designing, building, and servicing turbo compressors, gas screw compressors and turbo expanders for the oil and gas, power generation and industrial gases industries. Our passionate people are dedicated to helping customers handle today’s pressures while creating a sustainable future. We are a division of the Compressor Technique business area, headquartered in Cologne, Germany, with additional production centers in the United States, China and India.


Website: www.atlascopco-gap.com


 

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Will Mosley

RayGen Resources

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