Heliogen — AI-enabled concentrated solar power (CSP) for industrial heat / power / green hydrogen (1,000+ degC focus point)
Heliogen completed business combination with Athena Technology Acquisition Corp. (women-led SPAC). Stockholder approval December 28, 2021; trading on NYSE as 'HLGN' beginning December 31, 2021. ~$188M cash from trust + PIPE. Bill Gross-founded; Bill Gates-backed. Targeted industrial heat decarbonization. Among the last clean-tech SPAC closes of the 2020-21 boom cycle.
$188M
Deal Value
Solar
Technology
CA
Location
Deal Details
- Deal Type
- SPAC Merger
- Seller / Sponsor
- Heliogen
- Buyer / Financier
- Athena Technology Acquisition Corp.
- Deal Value
- ~$188M cash to balance sheet
- Stage
- Pre-commercial
- ISO/RTO
- CAISO
- Source
- Business Wire
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