Heliogen has successfully completed its merger with Athena Technology Acquisition Corp (ATHN), gaining approximately $188 million in gross cash proceeds. The transaction, approved by over 91% of ATHN's shareholders on December 28, 2021, allows Heliogen to commence trading on the NYSE under the ticker 'HLGN' on December 31, 2021. Heliogen's AI-enabled concentrated solar technology aims to provide affordable, sustainable energy, and the funds will support its manufacturing and research efforts to drive further growth.
Athena Technology Acquisition Corp. (NYSE: ATHN) announced that over 91% of stockholders approved the business combination with Heliogen, Inc. during a special meeting held on December 28, 2021. The combination is expected to close on December 30, 2021. Post-transaction, Heliogen will rename itself and its stock will trade under new symbols on the NYSE starting December 31, 2021. Athena, a women-led SPAC, aims to merge with technology and renewable sector companies, while Heliogen specializes in AI-driven solar technology for sustainable energy.
Summary not available.
Heliogen, a leader in AI-enabled concentrated solar energy, has announced a collaboration with CarbonCapture to develop direct air capture (DAC) facilities powered by Heliogen's sustainable energy solutions. The partnership aims to integrate Heliogen's modular solar power and thermal storage systems with CarbonCapture's carbon removal technology, enhancing efficiency in carbon removal processes. Both companies share a vision for decarbonization, targeting industrial emissions and atmospheric CO2 removal, respectively.
Summary not available.
Heliogen has secured a $39 million award from the U.S. Department of Energy to develop a commercial-scale facility utilizing its innovative AI-enabled concentrated solar power technology in California. This funding will enhance their system, which integrates an AI-powered heliostat field with a supercritical carbon dioxide (sCO2) power cycle, to deliver efficient, near 24/7 carbon-free electricity. Heliogen aims to revolutionize renewable energy production, significantly contributing to the clean energy transition.
Athena Technology Acquisition Corp. II (NYSE: ATEK.U) announced the appointment of three new board members: Judith Rodin, Randi Zuckerberg, and Sharon Brown-Hruska, enhancing its leadership team. This addition, alongside existing members, aims to strengthen capital market access for potential business combinations. Founded by Isabelle Freidheim, Athena II is the third all-women SPAC launched this year, following ATEKN and ACAQ.UN, indicating a strategic focus on leveraging diverse expertise in technology sector investments.
Summary not available.
Summary not available.
Heliogen announces a breakthrough in renewable energy technology with the introduction of ICARUS, an autonomous robot designed for installation and maintenance of solar facilities. The system, tested at the Lancaster, California facility, aims to reduce costs and deployment time for concentrated solar power systems. ICARUS utilizes advanced technologies such as GPS and LIDAR for autonomous operations, enabling efficient cleaning of mirrored heliostats and precise installations. Expected deployment across full-scale facilities by 2023 reflects Heliogen's commitment to revolutionizing solar energy.