Press Release: Heliogen Wins 2020 Fast Company World Changing Ideas Award for Its Technology That Replaces Fossil Fuels With Sunlight

Press Release: Heliogen Wins 2020 Fast Company World Changing Ideas Award for Its Technology That Replaces Fossil Fuels With Sunlight


The company wins Energy category for its computer vision controlled, concentrated solar technology that commercially brings carbon-free, ultra-high temperature heat to traditionally carbon-intensive industries for the first time.

Heliogen, the clean energy company that is transforming sunlight to replace and create fuels, today announced its selection by Fast Company as a recipient of a 2020 World Changing Ideas award. Winning the Energy category, Heliogen was recognized for its technology that – for the first time commercially – replaces fossil fuels with sunlight in a wide range of industrial processes. 

Heliogen’s technology will deliver carbon-free, ultra-high temperature heat to many industrial facilities, including cement factories, minerals processing plants and steel mills. Differentiating Heliogen’s technology from concentrated solar solutions of the past is its unique use of advanced computer vision software to precisely align an array of mirrors to reflect sunlight to a single target with unprecedented accuracy. In November 2019, Heliogen announced that it had achieved a record-breaking 1,000 degrees Celsius at its facility in Lancaster, California.

Heliogen targets sectors of the economy that have been impossible to decarbonize in a commercially viable way, until now. Industry consumes 32 percent of the world’s energy and, in 2018, had the largest increase in emissions in the United States out of any economic sector. The world faces what Bill Gates, an early investor in Heliogen, termed the “75% problem,” referring to the 75 percent of global energy consumed for non-electricity uses. Although nearly all renewable energy innovation to date has only applied to electricity generation, the majority of the industrial sector’s energy use is for process heat, which often requires extremely high temperatures that solar photovoltaics and wind, for example, simply cannot achieve cost-effectively. With Heliogen’s technology, concentrated solar can commercially achieve those temperatures for the first time.

“As Heliogen pursues our vision of decarbonizing industry across the world, our team has achieved a scientific and technical breakthrough,” said Bill Gross, CEO and founder, Heliogen, and founder and chairman, Idealab. “We’re honored that Fast Company has recognized that our idea can fundamentally transform the industrial processes which run the global economy today and for the better. Heliogen’s technology will dramatically slash carbon emissions and reduce costs for the companies whose businesses depend on running these processes – taking a major step toward solving climate change.”

Heliogen’s technology is specifically designed to provide an economic and sustainable solution to the industrial sector. In addition, Heliogen is also focused on making its technology available to transportation, another sector responsible for 14 percent of global greenhouse gas emissions. The company’s product roadmap includes extending commercial viability to the creation of 100 percent clean and renewable fuels such as hydrogen or syngas.

World Changing Ideas honors the businesses, policies, projects, and concepts that are actively engaged and deeply committed to flattening the curve when it comes to the climate crisis, social injustice, or economic inequality. A panel of eminent judges selected winners and finalists from a pool of more than 3,000 entries across technology, transportation, education, food, politics, and more.

Heliogen is spotlighted alongside the other recipients of the 2020 World Changing Ideas awards in the May/June issue of Fast Company magazine, which will be on newsstands May 5. For additional information on Heliogen’s technology and its selection, please visit:

About Heliogen

Heliogen is a clean energy company focused on eliminating the need for fossil fuels in all sectors of the economy. Heliogen’s mission is to create the world’s first technology that can commercially replace fossil fuels in industrial processes with carbon-free, ultra-high temperature heat from the sun and to transform sunlight into fuels, including hydrogen, at scale. Heliogen was created at Idealab, the leading technology incubator.

For more information about Heliogen, please visit heliogen.com.

About the World Changing Ideas Awards

World Changing Ideas is one of Fast Company’s major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With a goal of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.

Media Contact:
Lisa Nash, Antenna for Heliogen

heliogen@antennagroup.com

1.646.883.4296

Press Kit Download

Press Release: Heliogen achieves breakthrough temperatures from concentrated sunlight for industrial processes

Press Release: Heliogen achieves breakthrough temperatures from concentrated sunlight for industrial processes


Heliogen, the clean energy company that is transforming sunlight to create and replace fuels, today announced its launch and that it has – for the first time commercially – concentrated solar energy to exceed temperatures greater than 1,000 degrees Celsius. At that temperature, Heliogen can replace the use of fossil fuels in critical industrial processes, including the production of cement, steel, and petrochemicals, dramatically reducing greenhouse gas emissions from these activities. This singular scientific achievement was accomplished at Heliogen’s commercial facility in Lancaster, California.

Heliogen’s mission is to create the world’s first technology that can commercially replace fossil fuels with carbon-free, ultra-high temperature heat from the sun and to transform sunlight into fuels at scale – taking a major step towards solving climate change. Its heat technology represents a key technical breakthrough for concentrated solar thermal. Previous commercial concentrating solar thermal systems have been designed to reach temperatures of up to only 565 degrees Celsius – useful for power generation, but insufficient for many industrial processes. Many of these processes require much higher temperatures, which have traditionally been reached through the burning of fossil fuels.

The potential impact of Heliogen’s patented technology is massive. With temperatures from its concentrating solar thermal technology exceeding 1,000 degrees Celsius, Heliogen will be able to replace the fuel that generates greenhouse gas emissions from industrial processes with solar energy for the first time. For instance, cement production – one of the industrial processes well suited to Heliogen’s technology – alone accounts for more than 7 percent of global CO2 emissions.

In addition to industrial process heat, Heliogen’s technology roadmap calls for temperatures up to 1,500 degrees Celsius. At that temperature, Heliogen can perform CO2-splitting and water-splitting to make 100 percent fossil-free fuels such as hydrogen or syngas.

Heliogen is able to achieve these breakthrough temperatures as a result of its technology that uniquely uses advanced computer vision software to hyper-accurately align a large array of mirrors to reflect sunlight to a single target. The firm’s founder and chief executive officer is Bill Gross, a lifelong entrepreneur and founder of Idealab. The Heliogen team includes scientists and engineers from Caltech, MIT, and other leading institutions and is based in Pasadena, California.

Heliogen is working with Parsons Corporation (NYSE: PSN), a global leader in the defense, intelligence, and critical infrastructure markets. Parsons, Heliogen’s strategic partner, has more than a decade of experience with the development and implementation of innovative solar thermal projects. “As a company, we deliver sustainable solutions to our customers and we look forward to bringing Heliogen’s breakthrough technology to scale with our industry partners,” said Michael Chung, Vice President of Energy Solutions, Parsons Corporation.

“The world has a limited window to dramatically reduce greenhouse gas emissions,” said Bill Gross, CEO and Founder, Heliogen, and Founder and Chairman, Idealab. “We’ve made great strides in deploying clean energy in our electricity system. But electricity accounts for less than a quarter of global energy demand. Heliogen represents a technological leap forward in addressing the other 75 percent of energy demand: the use of fossil fuels for industrial processes and transportation. With low-cost, ultra-high temperature process heat, we have an opportunity to make meaningful contributions to solving the climate crisis.”

“Today, industrial processes like those used to make cement, steel, and other materials are responsible for more than a fifth of all emissions,” said Bill Gates. “These materials are everywhere in our lives but we don’t have any proven breakthroughs that will give us affordable, zero-carbon versions of them. If we’re going to get to zero-carbon emissions overall, we have a lot of inventing to do. I’m pleased to have been an early backer of Bill Gross’s novel solar concentration technology. Its capacity to achieve the high temperatures required for these processes is a promising development in the quest to one day replace fossil fuel.”

Other investors in Heliogen include venture capital firm Neotribe and Dr. Patrick Soon-Shiong, the Los Angeles-based investor and entrepreneur, through his investment firm, Nant Capital, a division of NantWorks. Neotribe’s founder and managing director, Swaroop ‘Kittu’ Kolluri, and Dr. Soon-Shiong have joined Heliogen’s board of directors.

“For the sake of our future generations we must address the existential danger of climate change with an extreme sense of urgency,” said Dr. Patrick Soon-Shiong, Chairman and CEO of NantWorks, and member of the board of directors, Heliogen. “I am committed to using my resources to invest in innovative technologies that harness the power of nature and the sun. By significantly reducing greenhouse gas emissions and generating a pure source of energy, Heliogen’s brilliant technology will help us achieve this mission and also meaningfully improve the world we leave our children.”

“It’s not hard to improve upon another’s idea, but it takes a truly innovative mind and superhuman effort to create something entirely new and groundbreaking,” said Swaroop ‘Kittu’ Kolluri, Founder of Silicon Valley VC firm Neotribe Ventures, and member of the board of directors, Heliogen. “We enthusiastically support entrepreneurs in their quest to disrupt the status quo by solving complex and deeply impactful problems that result in lasting change. Bill Gross and the team at Heliogen have done exactly that, solve a complete problem in a bold new way that will make the world a better place.”

About Heliogen

Heliogen is a clean energy company focused on eliminating the need for fossil fuels in all sectors of the economy. Heliogen’s mission is to create the world’s first technology that can commercially replace fossil fuels in industrial processes with carbon-free, ultra-high temperature heat from the sun and to transform sunlight into fuels, including hydrogen, at scale. Heliogen was created at Idealab, the leading technology incubator.

For more information about Heliogen, please visit heliogen.com.

Media Contact:
Lisa Nash, Antenna for Heliogen

heliogen@antennagroup.com

1.646.883.4296

Press Kit Download