Heliogen (NYSE:HLGN) is a clean energy technology company specializing in high‐temperature solar concentration solutions aimed at industrial decarbonization. The company’s core technology employs advanced computer vision and artificial intelligence to precisely align an array of mirrors, or heliostats, to concentrate sunlight on a single target. This process generates extreme heat that can replace fossil fuel processes in industries such as cement, steel, mining, petrochemicals and refining.
Heliogen’s flagship offering, the Heliogen Concentrating Solar Tower, delivers temperatures exceeding 1,000 degrees Celsius, enabling applications from process heat to power generation. In parallel, the company is developing integrated systems for green hydrogen production, coupling concentrated solar heat with electrolyzers to produce hydrogen without carbon emissions. Heliogen also provides proprietary control software and remote monitoring services to optimize plant performance and uptime.
Founded in 2013 by inventor and entrepreneur Bill Gross at Idealab, Heliogen began pilot operations at its Lancaster, California facility, demonstrating its ability to produce and store industrial‐grade heat. The company went public in early 2021 via a merger with a special purpose acquisition vehicle, expanding its access to capital for commercial rollouts. Today, Heliogen is pursuing projects across North America and exploring partnerships in regions such as Australia and Europe, where industrial decarbonization goals are driving demand for high‐temperature solar solutions.
Guided by a leadership team with deep expertise in solar technology, energy markets and industrial processes, Heliogen collaborates with major industrial customers, research institutions and EPC contractors to deploy scalable clean energy plants. The company continues to refine its mirror alignment algorithms, thermal storage systems and electrolyzer integrations, positioning itself as a provider of turnkey, zero‐carbon heat and hydrogen to heavy‐industry clients worldwide.
