Development of a RayGen solar power system will receive $1 million in funding from the Victorian Government.
In addition to the $41 million in funding for the Energy Technology Innovation Strategy (ETIS) in the 2011-12 Victorian budget, funding will go to the first stage of the development, involving fine-tuning design components and optimizing cost, performance and reliability in the overall design.
It will also support local research and development for renewable and low emissions technologies.
According to the Victorian Government, one of the project partners is Ballarat-based Ceramet Technologies.
Minister for Energy and Resources, Michael O’Brien said the project was developing technology for ‘high performance’ large scale solar systems.
Mr O’Brien said the solar systems will concentrate solar power from a field of heliostats onto an array of solar cells on a central tower.
“Supporting the early development of technologies such as this RayGen project will help develop renewable energy technologies with can provide low emissions power for Victorian homes and businesses,” Mr O’Brien said.
According to Mr O’Brien, the project is testing and improving technology that can then be tested on a larger scale.
“In addition to energy technologies, this project will also provide highly-skilled jobs in regional Victoria,” he said.