Athena Technology Acquisition Corp. (NYSE: ATHN) Announces Business Combination with Heliogen, Inc., a Leading Provider of AI-Enabled Concentrated Solar Energy; Combined Company Expected to Be Listed on New York Stock Exchange
Heliogen’s Sunlight Refinery™ is a barrier-breaking concentrated solar energy system that is being developed to unlock the power of sunlight to replace fossil fuels. Powered by artificial intelligence (AI), our modular system aims to deliver low-cost renewable energy in the form of heat, power, or hydrogen fuel – whenever it’s needed, however it’s needed.
The advanced computer vision software unique to Heliogen’s breakthrough technology precisely aligns an array of mirrors to reflect sunlight to a target on the top of a Sunlight Refinery tower.
The baseline system will provide industrial-grade heat capable of replacing fossil fuels in industrial processes including the production of cement, steel, and petrochemicals. Heliogen’s technology will also enable power generation through the addition of a supercritical CO2 turbine, and green hydrogen fuel production in combination with an electrolyzer.