Helio Secures Landmark International Agreement with Leading Peruvian Gold Producer to Accelerate Space-Based Solar Deployment
Rhea-AI Summary
Helio (OTCID:HLEO) signed an agreement with Peruvian gold producer Poderosa to deploy a pilot of its Space Based Solar Power technology at a gold mining operation in La Libertad, Peru.
This second planned pilot, alongside the Elysium project in Florida, aims to generate performance, regulatory, and economic data and may accelerate certain development milestones by about nine months, potentially supporting a pathway to initial large-scale commercial deployment in roughly two years, subject to testing, approvals, financing, and milestones.
Positive
- International pilot agreement with leading Peruvian gold producer Poderosa
- Second planned pilot adds industrial use case alongside Elysium residential project
- Program designed to generate performance, permitting, and economic data for commercialization
- Partnership may accelerate certain development milestones by approximately nine months
- Potential pathway to initial large-scale commercial deployment within about two years
Negative
- Commercial deployment remains subject to successful testing and performance validation
- Project depends on regulatory approvals and streamlined permitting processes
- Execution requires securing adequate financing to advance development milestones
News Market Reaction – HLEO
In the Jun 15 session, HLEO declined 19.41%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Second Planned Pilot Deployment Combines Industrial Demand, Local Support, and Accelerated Permitting Advantages to Advance Commercial Readiness
BERKELEY, CA / ACCESS Newswire / June 15, 2026 / Helio Corporation (OTCID:HLEO) ("Helio" or the "Company"), a developer of advanced space power and engineering solutions supporting next-generation space infrastructure, today announced the signing of an agreement with Compañía Minera Poderosa S.A. ("Poderosa"), one of Peru's largest gold producers, to develop and deploy a pilot demonstration of Helio's Space Based Solar Power technology in its gold mining operation in La Libertad region outside Trujillo, Peru, establishing the Company's second planned pilot program with the project expected to generate critical performance, accelerated permitting, and economic data towards commercialization.
Poderosa is among Peru's leading gold mining companies. Founded in 1980, the company produced approximately 302,000 ounces of gold in 2022, employs more than 4,000 people, generates more than
Helio believes Poderosa's established regional presence, infrastructure experience, and longstanding relationships with local stakeholders may help facilitate a more efficient regulatory process. The collaboration may accelerate certain development milestones, through streamlined permitting, by approximately nine months and may provide a pathway toward initial large-scale commercial deployment within approximately two years, subject to successful testing, regulatory approvals, financing, and the achievement of required milestones.
The planned deployment will evaluate Helio's technology in a demanding operating environment where reliable power is critical to both industrial operations and surrounding communities. Helio and Poderosa will collaborate on site selection, engineering studies, prototype testing, and performance validation, with the program designed to assess system performance, wireless power transmission, operational economics, and long-term deployment potential across terrestrial, atmospheric, and orbital environments.
Helio's Peru initiative represents the Company's second planned pilot deployment, complementing its first pilot with Elysium, a 4,000-home master-planned community in South Florida. Together, these projects establish two distinct validation environments-one residential and one industrial-allowing Helio to generate operational data across multiple real‑world use cases as it advances toward broader commercialization.
"Poderosa brings substantial energy demand, strong regional relationships, and a proven ability to execute major projects," said Edward Cabrera, Chief Executive Officer of Helio Corporation. "What excites us most is that we are building a future customer base alongside development. If we execute successfully, every validation milestone has the potential to strengthen the economics, scalability, and long-term commercial opportunity for our platform."
By combining a major industrial power customer, strong local stakeholder support, and one of the most influential employers in the region, the Poderosa partnership creates a uniquely favorable environment for technology validation and deployment. The Company believes the project could serve as a model for future applications across remote industrial operations and energy-constrained regions worldwide, where reliable power infrastructure remains a critical challenge. If successful, the deployment may demonstrate how space-based solar power can support large-scale industrial users while expanding access to continuous clean energy in underserved markets, helping establish a framework for broader commercial adoption of the technology.
For More Information:
Ed Cabrera
Chairman of the Board and Chief Executive Officer
Helio Corporation
(956) 225-9639
emcabrera@helio.space
About Helio Corporation
Helio is pioneering a new class of energy infrastructure-space-based power systems aka "Power plants in space" that captures solar energy beyond Earth's atmosphere and beams it safely and efficiently to the surface. Our vision is to establish orbital energy platforms as a foundational layer of the global power grid, delivering uninterrupted, carbon-free electricity at scale and reshaping how nations power cities, industries, and critical systems. Founded in 2018 as the 'problem solvers to the space industry,' Helio designs and delivers world-class space mechanisms, advanced antenna systems, and space design solutions; supporting NASA, private companies, universities, and global space agencies across missions ranging from small-scale programs to flagship space initiatives. We are proud to be a trusted partner to over a dozen space agencies, organizations, and companies across the globe. Our products can be found operating from the Sun to Jupiter. From NASA and European Space Agency to emerging private aerospace firms and academic institutions, we collaborate with some of the most innovative and forward-thinking players in the space industry.
For more information on the new strategic direction, financing initiatives and management additions, please visit www.helio.space to be added to our email list.
Note Regarding Forward Looking Statements:
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SOURCE: Helio Corporation
View the original press release on ACCESS Newswire