Athena Technology Acquisition Corp. (NYSE: ATHN) has filed its definitive proxy statement for a business combination with Heliogen, Inc., an AI-enabled concentrated solar power company. The Proxy Statement, which will be mailed to stockholders of record as of November 23, 2021, outlines voting instructions for the Special Meeting on December 28, 2021. If approved, the merger will trade under the new ticker symbol 'HLGN.' Stockholders are urged to vote by December 27, 2021, to ensure their shares are represented.
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Heliogen, a leader in AI-enabled concentrated solar power, announced nominations of Stacey Abrams and Phyllis Newhouse to its Board of Directors, contingent on its business combination with Athena Technology Acquisition Corp. (NYSE: ATHN). The leadership of Abrams and Newhouse brings significant expertise aimed at enhancing Heliogen's mission of transitioning the world to solar energy. Abrams has a strong background in economic advancement and climate advocacy, while Newhouse brings experience in cybersecurity and executive leadership. The combination is positioned to strengthen Heliogen's global technology scale.
Heliogen has announced the nomination of Julie Kane and Robert Kavner to its Board of Directors, pending the completion of its business combination with Athena Technology Acquisition Corp. (NYSE: ATHN). This move aims to bolster the board's expertise in public company governance and finance. Kane, with extensive legal and compliance experience, and Kavner, a seasoned venture capital investor and former AT&T executive, are expected to enhance Heliogen's strategic direction in AI-enabled concentrated solar technology.
Heliogen and Bloom Energy Corporation (NYSE: BE) successfully demonstrated a combined technology for producing green hydrogen in Lancaster, California. Heliogen's AI-enabled concentrated solar energy system, paired with Bloom's electrolyzer, achieved hydrogen production 45% more efficient than traditional methods. With hydrogen demand projected to grow significantly, this integration is a critical step toward decarbonizing heavy industry and facilitating cost-effective green hydrogen production.
Heliogen, Inc. has announced the nomination of David Crane and Paddy Padmanathan to its Board of Directors as part of its business combination with Athena Technology Acquisition Corp. (NYSE: ATHN). Crane, former CEO of NRG, and Padmanathan, president of ACWA Power, bring extensive experience in renewable energy. Their expertise is expected to aid Heliogen in scaling its AI-enabled concentrated solar power technologies, supporting the company's goal to decarbonize heavy industry.
Heliogen has made notable progress in its collaboration with Woodside Energy (USA) Inc., a subsidiary of Woodside Petroleum Ltd., focusing on AI-enabled solar technology. The partnership has received a Limited Notice To Proceed (LNTP) for a 5 MW demonstration facility in California, set to use Heliogen's cutting-edge concentrated solar technology. A joint marketing strategy for the technology in the US and Australia is also planned. CEO Meg O'Neill emphasized the collaboration's importance in achieving lower-carbon energy solutions.
Heliogen, a pioneer in AI-enabled concentrated solar power, has announced its participation in two upcoming investor conferences: the Barclays CEO Energy-Power Conference on September 10, 2021, and the Sanford Bernstein Reimagining the Future of ESG Conference on September 15, 2021. Heliogen aims to provide 24/7 carbon-free energy through its innovative Sunlight Refinery technology. The company is set to merge with Athena Technology Acquisition Corp. (NYSE: ATHN), transitioning into a publicly traded entity by the fourth quarter of 2021.
Heliogen and Bloom Energy (NYSE: BE) have announced plans to produce green hydrogen through concentrated solar power and water. Their collaboration aims to accelerate the transition to a zero-carbon future, utilizing Heliogen's Sunlight Refinery and Bloom's solid oxide electrolyzers. This technology is expected to be 30% more efficient than common alternatives, enabling cost-effective green hydrogen production. The first solution is set to be operational at Heliogen's facility in Lancaster, California by the end of 2021. This venture aligns with global decarbonization efforts.
Athena Technology Acquisition Corp. (NYSE: ATHN) and Heliogen, Inc. have announced a definitive agreement for a business combination. Upon completion, Athena will be renamed Heliogen, Inc. and trade under the new symbol HLGN. Heliogen specializes in AI-enabled concentrated solar power technology, aiming to provide near-24/7 renewable energy. The merger, anticipated to generate up to $415 million in gross proceeds, is designed to scale manufacturing and support R&D. Both companies' boards have unanimously approved the transaction, which is expected to close in Q4 2021.