Richard Payne, Founder of RayGen

About Richard Payne

Richard Payne is an Australian renewable energy entrepreneur who founded RayGen Resources in 2010 to develop low-cost solar energy and later long-duration water-based energy storage technology. He served as the Chief Operating Officer of RayGen and was a key leader in securing the company's $55 million Series C funding round in 2021. Payne has represented RayGen at major international events such as COP28.

Richard Payne at a glance

• Company: RayGen
• Total raised: $55M
• Latest round: Series C
• Investors: Equinor Ventures, AGL Energy, Photon Energy Group, Chevron Technology Ventures, SLB (Schlumberger), Australian Renewable Energy Agency (ARENA)
• Location: Melbourne, Australia

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