CSP Company RayGen Wins Australian Technology Prize
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The Australian concentrated solar PV technology (CSPV) company RayGen appears to now be firmly on the incline with its recent winning of the People’s Choice Award in the Australian Technology Competition, as well as its lining up a new deal for a 10 MW demonstration project in China.
With the good omen of the company’s recent success perhaps the field of CSPV technology as a whole is finally approaching a period of greater utilization and growth? Hard to say. But certainly a positive development for the field.
Sustainnovate provides some background and specifics on RayGen:
Concentrated solar PV (CPV) technology uses mirrors or magnification techniques to concentrate more light onto solar PV cells in order to produc more electricity. RayGen’s system uses large mirrors to direct sunlight onto a tower with an array of ultra-efficient solar cells. RayGen states that the system produces electricity with “twice the efficiency of standard photovoltaics and much lower cost.”
We’ll have to wait to see if the “much lower cost” bit is true. If it is, this company should very quickly take over a large portion of the solar PV market. RayGen was founded by Bob Cart and Dr John Lasich in 2010. That’s not too long ago, but it seems that it would be long enough to make a bigger mark on the solar PV industry if it offers “much lower cost.” Nonetheless, the two are very accomplished and have a long history in this field, so maybe they are really on to something.
As I said before, hard to say… But certainly something to keep your eye on.
Image Credit: RayGen
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