It’s no secret that we are in truly historic times. As the world battles against health and racial injustice, it also faces serious climate injustice.
This month alone, record-setting temperatures struck California’s Death Valley and massive wildfires in northern parts of the state have ravaged communities and threatened local wildlife. On the Gulf Coast, Hurricane Laura – one of the fastest-moving hurricanes on record – made landfall last Thursday, leaving widespread power outages and disrupting the nation’s energy-producing region.
There is no doubt that the severity of these extreme and tragic weather events is being exacerbated by manmade climate change.
But there is hope.
People, corporations, and entire governments are talking, mobilizing, and taking action, working to build and enact forward-thinking businesses and policies that ensure an equitable energy transition.
Major fossil fuel divestments by global hedge funds including recent moves by Storebrand and the European Bank for Reconstruction and Development (EBRD), together with recent market movement in the Dow due to “the long rise of the tech giants and the abrupt collapse of the oil market,” are telltale signs that the clean energy transition is in full swing.
Bill Gross, our CEO and founder (who was recently named to Fast Company’s Most Creative People in Business 2020 list), recently told Barron’s that, “Solving climate change with technology is the single biggest investment opportunity in history.”
Echoing this sentiment, Bill Gates, a Heliogen investor and backer, recently wrote in Gates Notes:
The pandemic has also reminded us how much innovation is needed to prevent a climate disaster. The best numbers I have seen estimate that the economic slowdown due to COVID-19 reduced global emissions by around 8 percent. That’s not nothing, but the austerity that got us there obviously isn’t sustainable. If we’re going to address climate change, we need to find new ways to do things that don’t release greenhouse gases, including how we move around.
The time to act is now, and Heliogen is among the companies and organizations leading the charge in creating breakthrough technology to answer the global call for innovation in the energy sector.
We are developing and deploying cost-effective solar thermal technologies that eliminate the use of fossil fuels in hard to decarbonize sectors. That same technology will also be capable of creating green fuels at scale such as hydrogen.
As we continue ramping operationally for Heliogen deployments, we are working with companies around the world that are intent on reducing their historic dependence on fossil fuels.
And we’re not alone.
Energy Vault, Heliogen’s sister company, is creating renewable energy storage products that are transforming the world’s approach to long duration energy storage. Its first utility-scale, commercial demonstration unit is under final commissioning now in Switzerland and will be connected to the Swiss national grid in order to demonstrate full charging and continuous power discharging capabilities. In June, the World Economic Forum selected Energy Vault as one of the World Economic Forum’s Technology Pioneers of 2020.
Point Load Power, another sister company, is leading the advancement in commercial and industrial rooftop solar with its groundbreaking PV Booster™ solar tracking technology that adds up to 70 percent more revenue per solar panel.
And it’s not just companies. It’s also people.
We’re incredibly inspired by the younger generations stepping into the fight for health, racial, and climate justice. The future belongs to those who create it, and Heliogen is proud to be working towards a just future alongside the Greta Thunbergs and Vanessa Nakates of the world.
We welcome you to join us in our pursuit of a greener planet.
Heliogen is hiring! Come help us transform sunlight into fuels and empower sustainable civilization.
Industry: Decarbonize your industrial process with pure, abundant sunlight made by Heliogen’s award-winning solar concentration technology. Let us evaluate your facility to determine your potential cost savings and reduction in carbon emissions.