City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

MOU between the parties seeks to build a clean hydrogen generation facility to support Lancaster’s vision to become a model for hydrogen production in the U.S.

LANCASTER, Calif. – November 7, 2022 – The City of Lancaster today announced the signing of a memorandum of understanding (MOU) with Heliogen, Inc., a California-based renewable energy technology company that uses concentrating solar thermal systems to convert sunlight into steam, heat, power, and green hydrogen fuel. Under the terms of the MOU, Heliogen will serve as the technology provider, project developer, builder, operator, and equity partner for a green hydrogen generation facility that will support the city’s vision to become a model for hydrogen production in the U.S.

This relationship is expected to accelerate the novel use of concentrating solar thermal energy for a commercial hydrogen generation facility and builds upon the existing relationship between the City of Lancaster and Heliogen, which sited its demonstration test facility in the city in 2019.

“The City of Lancaster is pleased to announce its latest innovative project with Heliogen. Founder and CEO of Heliogen, Bill Gross, has been a longtime partner and friend. I am thrilled we can continue our collaboration by helping to create a sustainable future and continue to combat climate extinction through shared leadership and development of renewable hydrogen,” said R. Rex Parris, mayor of the City of Lancaster. “Together, we will accelerate the city’s net-zero vision and expand our hydrogen capabilities throughout the greater Los Angeles region, which could support the ARCHES hydrogen hub proposal to the U.S. Department of Energy.” 

“We are extremely pleased to broaden our long-standing relationship with the City of Lancaster to help them achieve their visionary sustainability goals through the development of carbon-free green hydrogen,” said Bill Gross, Founder and Chief Executive Officer, Heliogen. “This partnership further demonstrates that powering the planet with renewable energy is not only critical to fighting climate change – it is also a real economic opportunity for our cities.”

The facility is expected to leverage Heliogen’s patented breakthrough technology to use AI and advanced computer vision software to concentrate sunlight and could generate up to 1500 metric tons per year of carbon-free hydrogen, which can provide significant economic development potential. The Heliogen facility could help support other projects within the city and region, including sustainable aviation fuel for hydrogen-powered aircraft, fueling stations for hydrogen-powered vehicles, and sales and distribution of hydrogen fuel for industrial processes such as vertical agriculture, cement, and mining.

Heliogen expects to bring on additional equity partners to support the project’s construction costs.  The City of Lancaster will assist with site identification, review by City Council and the community as required, support for permitting process, and evaluation of economic development potential.

ABOUT THE CITY OF LANCASTER 

The City of Lancaster is a diverse community of people that is leading the future through science, technology, art, culture, and collaboration. The City is a 3-time winner of the LAEDC’s “Most Business-Friendly City” award, as well as receiving a Bronze Rank for the IEDC’s “Excellence in Economic Development” awards.

Home to astronauts, rocket scientists, families, and innovative businesses large and small, Lancaster is leading the USA with innovation. Combined with spectacular landscapes and clean air, Lancaster has the confidence, expertise, spirit, and imagination to transform tomorrow. Learn more at www.cityoflancasterca.org

ABOUT HELIOGEN 

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com 

Cautionary Note Regarding Forward-Looking Statements Related to Heliogen

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding expectations for the production of, and current and projected market for green hydrogen. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our financial and business performance, including risk of uncertainty in our financial projections and business metrics and any underlying assumptions thereunder; (ii) our ability to execute our business model, including market acceptance of our planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; (iii) our ability to access sources of capital to finance operations, growth and future capital requirements; (iv) our ability to maintain and enhance our products and brand, and to attract and retain customers; (v) our ability to scale in a cost effective manner; (vi) changes in applicable laws or regulations; (vii) the ongoing impacts of the COVID-19 pandemic and the potential impacts of Russia’s invasion of Ukraine on our business; (viii) developments and projections relating to our competitors and industry; (ix) our ability to access sources of capital to finance operations, growth and future capital requirements; and (x) our ability to protect our intellectual property. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the “Risk Factors” section in Part I, Item 1A in our Annual Report on Form 10-K/A for the annual period ended December 31, 2021 and other documents filed by Heliogen from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Heliogen assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

City of Lancaster Media Contact:

Jennifer Seguin

jseguin@cityoflancasterca.gov

Heliogen Media Contact:

Cory Ziskind

ICR, Inc.

HeliogenPR@icrinc.com

Heliogen Investor Contact:

Louis Baltimore

Louis.Baltimore@heliogen.com

City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

Heliogen, Inc. Announces Third Quarter 2022 Financial and Operational Results; Reports Commercial Progress on Green Hydrogen Initiatives

PASADENA, CA, November 7, 2022 – Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its third quarter 2022 financial results.

Third Quarter 2022 Highlights

  • Selected to receive a $4.1 million award from the U.S. Department of Energy to accelerate the large-scale development and deployment of a solar thermal calciner to decarbonize cement production
  • a letter of intent with Dimensional Energy for the production of sustainable aviation fuel
  • Successfully completed initial field testing of ChariotAV, Heliogen’s autonomous heliostat cleaning vehicle
  • Began final qualification for main production lines at Heliogen’s automated, high-volume manufacturing facility
  • Appointed industrial energy transition veteran Barbara Burger to Heliogen’s Board of Directors

Recent Highlights

  • a memorandum of understanding (“MOU”) with the City of Lancaster, California to build a new green hydrogen production facility deploying Heliogen’s technology

Executive Commentary

“During the third quarter, Heliogen continued to make progress towards its goal of deploying its groundbreaking, AI-enabled concentrating solar thermal energy technology,” said Bill Gross, Founder and Chief Executive Officer of Heliogen. “The successful completion of the initial field testing of our ChariotAV autonomous heliostat cleaning vehicle and the start of final qualification for our automated, high-volume heliostat production lines, moves us that much closer to achieving these goals.”

“By signing the MOU with the City of Lancaster, California for the production of green hydrogen, Heliogen continues to grow its portfolio of hydrogen-focused customers. Between our Brenda Solar Energy Zone project for large-scale hydrogen production in an area ideally located for both long-haul transportation and for shipping to other end markets, our agreement with Dimensional Energy for the production of sustainable aviation fuel and now this agreement with the City of Lancaster, Heliogen is building a diverse portfolio of hydrogen customers and end-use markets.”

“With the passage of the Inflation Reduction Act and its $3.00 per kilogram hydrogen production tax credit, we seem to be witnessing a tipping point that is greatly elevating hydrogen’s role in the transition from a petroleum economy to a low-carbon society.”

Memorandum of Understanding with the City of Lancaster, California

Heliogen and the City of Lancaster, California recently entered into a non-binding MOU to work together to create a green hydrogen production facility, with a capacity of up to 1500 metric tons of green hydrogen fuel per year, intended to help the City of Lancaster achieve its goal to become one of the first net zero cities in the United States. The facility is expected to produce green hydrogen that can be sold to industrial customers in Lancaster and the greater Los Angeles area. The MOU is subject to negotiation and execution of a definitive agreement.

This agreement contemplates Heliogen as the technology provider, project developer, builder, operator and equity partner in the project. Heliogen intends to bring on an equity provider to fund construction and own the asset. The City of Lancaster will assist in site identification, review by its City Council and the community, support for the permitting process and evaluation of economic development potential.

2022 Guidance Revision

Heliogen is working to finalize its second commercial-scale contract by year end, which would be within its guidance range of two to three modules contracted. Heliogen believes the number of modules contracted is the most useful indicator of demand for its products and technology at this stage in its lifecycle. Over time, Heliogen expects these contracts to be converted to revenue as the projects are installed, although there is no assurance as to the time period for such conversion.

Due to delays in project timing, Heliogen now expects 2022 revenues of $12 – $14 million, revised from its prior guidance of $20 – $25 million.  This change reflects a shift in timing of earned revenue, but the associated total project revenue on its first commercial-scale contract remains unchanged.

Third Quarter 2022 Financial Results

For the third quarter 2022, Heliogen reported total revenue of $3.1 million, total operating expenses of $29.4 million and net loss of $27.8 million. Heliogen’s net loss was driven primarily by growth of Heliogen’s operations to support its first commercial-scale projects, including personnel costs such as a non-cash stock-based compensation expense of $10.0 million. Heliogen’s Adjusted EBITDA, which excludes the non-cash stock-based compensation expense and other impacts, was negative $19.2 million for the third quarter 2022.

Conference Call Information

The Heliogen management team will host a conference call to discuss its third quarter 2022 financial results on Tuesday, November 8, 2022, at 10:00 a.m. EST. The call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of Heliogen’s website at www.heliogen.com. The call can also be accessed live via telephone by dialing 1-877-407-0789 (1-201-689-8562 for international callers) and referencing Heliogen.

An archive of the webcast will also be available shortly after the call on the Investor Relations section of Heliogen’s website.

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Use of Non-GAAP Financial Information

Management uses certain financial measures, including EBITDA and Adjusted EBITDA, to evaluate our financial and operating performance that are calculated and presented on the basis of methodologies other than in accordance with GAAP. We believe these non-GAAP financial measures are useful to investors and analysts to assess our ongoing financial performance because they provide improved comparability between periods through the exclusion of certain items that we believe are not indicative of our core operating performance, enhance the overall understanding of our past financial performance and future prospects, and remove items that may obscure our underlying business results and trends. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, and our calculations thereof may not be comparable to similarly titled measures reported by other companies. Please see the accompanying tables for reconciliations of the following non-GAAP financial measures for Heliogen’s current and historical results: EBITDA and Adjusted EBITDA.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our guidance for full-year 2022, the development of our manufacturing and production facilities, achieving our financial and operational goals, progress with potential customers, expected impacts of recent legislation and future growth opportunities. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our financial and business performance, including risk of uncertainty in our financial projections and business metrics and any underlying assumptions thereunder; (ii) our ability to execute our business model, including market acceptance of our planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; (iii) our ability to access sources of capital to finance operations, growth and future capital requirements; (iv) our ability to maintain and enhance our products and brand, and to attract and retain customers; (v) our ability to scale in a cost effective manner; (vi) changes in applicable laws or regulations; (vii) the ongoing impacts of the COVID-19 pandemic and the potential impacts of Russia’s invasion of Ukraine on our business; (viii) developments and projections relating to our competitors and industry; (ix) our ability to access sources of capital to finance operations, growth and future capital requirements; and (x) our ability to protect our intellectual property. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the “Risk Factors” section in Part I, Item 1A in our Annual Report on Form 10-K/A for the annual period ended December 31, 2021 and other documents filed by Heliogen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Heliogen assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Heliogen Investor Contact

Louis Baltimore

Investor Relations

Louis.Baltimore@Heliogen.com

Heliogen Media Contact:

Cory Ziskind

ICR, Inc.

HeliogenPR@icrinc.com

Heliogen, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Loss

($ in thousands, except per share and share data)

(unaudited)

Heliogen, Inc.

Condensed Consolidated Balance Sheets

($ in thousands)

(unaudited)

Non-GAAP Financial Measures

EBITDA represents condensed consolidated net loss before (i) interest (income) expense, net, (ii) income tax expense (benefit) and (iii) depreciation and amortization expense.

Adjusted EBITDA represents EBITDA adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

The following reconciles net loss to EBITDA and Adjusted EBITDA for the periods as shown:

  1. Represents the change in fair value on our SAFE instruments which were converted to common stock immediately prior to the closing of the business combination with Athena Technology Acquisition Corp.
  2. Represents the change in fair value on our warrant liabilities for the outstanding warrants that we assumed in the business combination with Athena Technology Acquisition Corp.
  3. Represents contract losses with customers for which estimated costs to satisfy performance obligations exceeded considerations expected to be realized. Contract loss is reduced and recognized in cost of revenue as expenditures are incurred and related revenue is recognized.
  4. Represents the change in fair value of our contingent consideration related to an acquisition completed in 2021.
City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

Heliogen, Inc. Schedules Release of Third Quarter 2022 Financial Results and Conference Call

Pasadena, CA – October 27, 2022 – Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrated solar energy, today announced that it will release financial and operating results for the third quarter 2022 after the market close on Monday, November 7, 2022. This release will be followed by a conference call for investors at 10:00 AM EST on Tuesday, November 8. Bill Gross, Heliogen’s Founder and Chief Executive Officer and Christie Obiaya, Chief Financial Officer will host the call.

The conference call may be accessed via a live webcast on a listen-only basis in the Investors section of Heliogen’s website at investors.heliogen.com. The call can also be accessed live via telephone by dialing 1-877-407-0789 (1-201-689-8562 for international callers) and referencing Heliogen.

A replay of the webcast will be available shortly after the call on the Investors section of Heliogen’s website.

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Heliogen Investor Contact

Louis Baltimore

VP, Investor Relations

Louis.Baltimore@heliogen.com

Heliogen Media Contact:

Cory Ziskind

ICR, Inc.

HeliogenPR@icrinc.com

City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

Heliogen Selected for U.S. Department of Energy Award to Demonstrate First-of-its-Kind Design for Decarbonizing Cement Manufacturing

$4.1 million award granted to Heliogen for R&D into pathway for commercial implementation of solar thermal calciner

PASADENA, Calif., October 24, 2022 — Heliogen, Inc. (Heliogen) (NYSE: HLGN), a renewable energy technology company utilizing concentrated sunlight and thermal storage to decarbonize industry, today announced that it has been selected to receive a $4,100,000 award from the U.S. Department of Energy Solar Energy Technologies Office (SETO) to accelerate the large-scale development and deployment of concentrating solar-thermal power (CSP) technology for industrial decarbonization and electrical power generation and storage. This project will aim to demonstrate a first-of-its-kind concentrating solar-thermal power (CSP) process for decarbonizing the heating of limestone to 950°C, which could reduce the carbon emissions associated with cement manufacturing.

Heliogen, in collaboration with the Colorado School of Mines, the University of Michigan, Martin Marietta and CTP Advanced Composites, aims to demonstrate a solar-driven calciner utilizing the Heliogen concentrated solar thermal system to heat up the feedstock and drive endothermic chemical decarbonation up to 950oC.  This demonstration aims to provide a foundation for developing a commercial solar calcination system enabling CO2 capture and heat recovery, including solar calciner design and modeling tools, prototype fabrications and testing, and technoeconomic analysis for future scale-up in industrial applications. When applied to a multi-acre field, Heliogen’s AI/computer-vision based control system can achieve the high temperatures required for solar thermal calcination research.

Energy-intensive cement production contributes approximately 7% of global CO2 emissions, while over 80% of the energy used in cement production is consumed by calcination. The receiver-reactor and associated technologies developed for this project will aim to eliminate the majority of CO2 emissions to significantly decarbonize cement production.

“We are very pleased to have been selected for this award, which will accelerate our R&D efforts and enable us to further demonstrate the impact of Heliogen’s CSP technology,” said Paul Gauche, Executive Vice President for Engineering, Heliogen, Inc. “This project is an important step in our mission to enable the decarbonization of heavy industries like cement production, essential to meeting global greenhouse gas emissions targets.”

Heliogen was selected as a part of the SETO Fiscal Year 2022 CSP Research, Development, and Demonstration funding program, an effort to lower the cost of CSP technologies and create new market opportunities for the industry, with the goal of enabling substantial deployment of CSP to decarbonize the electricity grid and energy system. Heliogen’s solar-driven calciner design is one of several projects that will enable concentrating solar-thermal technologies with thermal energy storage to be integrated with high-temperature industrial processes to produce economically important products, like cement, fuels, and other chemicals.

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.  

About the Solar Energy Technologies Office 
The U.S. Department of Energy Solar Energy Technologies Office supports research and development across the solar energy spectrum to drive innovation, lower costs, and support an equitable transition to a decarbonized economy. Learn more at energy.gov/solar-office

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the development of a commercial solar-driven calciner system and expected impacts to carbon emissions associated with cement manufacturing. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our financial and business performance, including risk of uncertainty in our financial projections and business metrics and any underlying assumptions thereunder; (ii) our ability to execute our business model, including market acceptance of our planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; (iii) our ability to access sources of capital to finance operations, growth and future capital requirements; (iv) our ability to maintain and enhance our products and brand, and to attract and retain customers; (v) our ability to scale in a cost effective manner; (vi) changes in applicable laws or regulations; (vii) the ongoing impacts of the COVID-19 pandemic and the potential impacts of Russia’s invasion of Ukraine on our business; (viii) developments and projections relating to our competitors and industry; (ix) our ability to access sources of capital to finance operations, growth and future capital requirements; and (x) our ability to protect our intellectual property. You should carefully consider the foregoing factors and the other risks and uncertainties disclosed in the “Risk Factors” section in Part I, Item 1A in our Annual Report on Form 10-K/A for the annual period ended December 31, 2021 and other documents filed by Heliogen from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Heliogen assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Heliogen Media Contact:

Cory Ziskind

ICR, Inc.

HeliogenPR@icrinc.com

Heliogen Investor Contact:

Louis Baltimore

Louis.Baltimore@heliogen.com

City of Lancaster Announces Collaboration with Heliogen to Produce Green Hydrogen

Heliogen Announces Appointment of Industrial Energy Transition Veteran Barbara Burger to Board of Directors

Barbara BurgerPASADENA, CA, September 14, 2022 – Heliogen, Inc. (NYSE: HLGN), a renewable energy technology company utilizing concentrated sunlight and thermal storage to decarbonize industry, today announced the appointment of Barbara J. Burger, PhD, as a member of the Board of Directors, effective September 12th. Dr. Burger replaces David Crane following his recent nomination by President Biden to serve as Under Secretary for Infrastructure at the Department of Energy.

“We are pleased to welcome Barbara to the Heliogen Board and are excited to leverage her unique understanding of our customers’ needs for industrial decarbonization,” said Bill Gross, Chairman and Chief Executive Officer of Heliogen. “Her expertise in the energy and chemical sectors combined with her deep experience in industrial growth and innovation will be a key asset to Heliogen as we scale our technology globally and advance our mission to decarbonize heavy industry.”

Most recently, Dr. Burger served as Chevron’s Vice President of Innovation and President of Chevron Technology Ventures (CTV). During her more than 30-year career at Chevron, Dr. Burger held management positions across International Marketing, Chemicals, Technology Marketing, Lubricants, Ventures, and Innovation. Additionally, Dr. Burger has held a wide range of civic and industrial leadership governing board and advisory council positions including the MIT Energy Initiative, Houston Exponential, Houston Symphony Society, Oil and Gas Climate Initiative Climate Investment LLP, the National Renewable Energy Laboratory, Greentown Houston, Activate, and Rice University’s Corporate Innovation Practice. Dr. Burger holds a bachelor’s degree in chemistry from the University of Rochester, a doctoral degree in chemistry from the California Institute of Technology, and an MBA in finance with academic honors from the University of California, Berkeley. 

“Heliogen is an exceptional company, and I am honored to join the Board of Directors to help accelerate their growth and their customers’ transition to renewable energy,” said Dr. Burger. “I look forward to the opportunity to join Bill and the rest of the talented Heliogen team as we work to execute the company’s growth strategy and scale its transformative technology.” 

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Heliogen Investor Contact:
Louis Baltimore
VP, Investor Relations
Louis.Baltimore@heliogen.com

Heliogen Media Contact:
Cory Ziskind
ICR, Inc.
HeliogenPR@icrinc.com