Heliogen 5/8/2024 Earnings Report

Heliogen EPS Results

• Actual EPS: -$2.53
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Heliogen Revenue Results

• Actual Revenue: $1.53 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Heliogen Announcement Details

• Date: 5/8/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Heliogen (NYSE:HLGN) is a clean energy technology company that develops concentrated solar power (CSP) systems designed to replace fossil fuels in energy-intensive industrial processes. By harnessing advanced computer vision and artificial intelligence, Heliogen’s platform focuses sunlight through an array of mirrors to generate extremely high temperatures of heat—potentially exceeding 1,000°C—enabling industries such as cement, steel, and petrochemicals to decarbonize their thermal loads. The company positions its technology as a means to reduce greenhouse gas emissions and lower operating costs in heavy industry.

Founded in 2013 as part of the Idealab incubator, Heliogen has its headquarters in Pasadena, California. The company completed a public listing via a business combination in 2021 and has since conducted pilot and demonstration projects in the U.S. Heliogen’s initial projects have targeted industrial sites in California, with plans to expand into other regions where high-temperature process heat can deliver significant environmental and economic benefits.

Heliogen offers turnkey solutions that include custom design, installation and ongoing operations support for its concentrated solar systems. Its technology integrates proprietary software controls to maintain precise mirror alignment and maximize thermal output. Under the leadership of founder and CEO Bill Gross, Heliogen continues to pursue strategic partnerships and licensing agreements aimed at scaling its CSP platform across global industrial markets.