
Richard Payne
CEO of RayGen, an Australian solar and long-duration energy storage technology company.
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Aug 12, 2026
S3 Ep 10 - Lyvera
30:58
31:06
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30:58NeilHOST
Yeah

Richard PayneGUEST
so Great Barrier Reef or coming down to the m- play the Ma- Melbourne Sandbelt, but then tying in those experiences.

Richard PayneGUEST
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.
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36:06NeilHOST
Yeah
Episode 26: Powering Your Career - Richard Payne - CEO - RayGen - ep026
20:04
20:10
20:27
20:34
20:43

Richard PayneGUEST
And that's effectively what the company was founded on to develop, low-cost, very high efficient solar generation.

Richard PayneGUEST
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.

Richard PayneGUEST
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.

Richard PayneGUEST
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...

Richard PayneGUEST
We store energy between two very large bodies of water: one at 90 degrees and one at zero degrees.
7 MINS LATER
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28:16David SmithHOST
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?