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Richard Payne

Richard Payne

CEO of RayGen, an Australian solar and long-duration energy storage technology company.

Aug 12, 2026

NeilHOST
30:58
Yeah
30:58
...
30:58
so Great Barrier Reef or coming down to the m- play the Ma- Melbourne Sandbelt, but then tying in those experiences.
31:06
As and when those start, pieces start knitting together, then the natural thing there will be for us to have boots on the ground and start expanding in, in that sense.
31:15
And we're looking at all the geographies to which we can do that now.
31:18
Um, Singapore being another one.
31:20
We, we already send people to Singapore Grand Prix.
NeilHOST
36:06
Yeah
20:03
Yeah.
20:04
And that's effectively what the company was founded on to develop, low-cost, very high efficient solar generation.
20:10
And so back in 2019 as we're developing this technology, we're seeing, you know, PV panel prices dropping, and more importantly, we're starting to see the value of solar in the middle of the day decreasing, 'cause you've now got all this rooftop solar penetration happening.
20:25
And so the company pivoted.
20:27
We said, "Well, how are we gonna m- how can we change the value proposition of our tech?" And so we looked at that thermal energy and said, "Let's use it.
20:34
Let's work out a way to monetize that and provide value to the market." And so basically we created a storage product which has two...
20:43
We store energy between two very large bodies of water: one at 90 degrees and one at zero degrees.

7 MINS LATER

28:16
How did that transition happen, I suppose, for you or to you? Um, what's been the biggest learning curve moving from engineer to CEO, and what parts of leadership have you had to work the hardest on?

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