Heliogen Finalizes $39M Award From the U.S. Department of Energy

Source: www.gulfoilandgas.com 12/20/2021, Location: North America

Heliogen, Inc., a leading provider of AI-enabled concentrated solar power, announced it has finalized a $39 million award from the U.S. Department of Energy (“DOE”) to deploy the Company’s breakthrough renewable energy technology in California.

The Company will apply the funds received from the DOE towards a commercial-scale facility leveraging its AI-enabled concentrated solar technology. In particular, the DOE funds will support the implementation of Heliogen’s unique concentrated solar technology which couples its AI-powered heliostat field with a supercritical carbon dioxide (sCO2) power cycle. To do this, Heliogen's AI-powered heliostat field will efficiently generate higher temperatures than traditional concentrated solar, enabling the cost-effective integration of a sCO2 power cycle. Steam-based power cycles are typically used in thermal energy plants to convert heat into electricity, but advanced sCO2 cycles will reach higher efficiencies at lower cost with a smaller footprint and reduced water use. With its numerous advanced technologies, the Heliogen system is expected to unlock the production of low-cost, near 24/7 carbon-free electricity, highlighting the potential for concentrated solar technology to power industry and accelerate the clean energy transition in the United States and beyond.

“We’re proud to lead the way for clean energy through the deployment of breakthrough technologies that utilize sunlight to displace fossil fuels,” said Heliogen Founder and CEO, Bill Gross. "The large and ambitious scope of this DOE award adds momentum to deployment of Heliogen’s breakthrough AI-enabled, modular concentrated solar solution for carbon-free energy at scale.”

The DOE’s Solar Energy Technologies Office – which supports projects that are expected to improve the affordability, reliability, and value of solar technologies on the U.S. grid and tackle emerging challenges in the solar industry – previously announced Heliogen’s selection to begin negotiating the award on November 12, 2020.


United States >>  6/29/2022 - LyondellBasell has signed its first two U.S. power purchase agreements (PPA) supporting the company's climate goal to procure a minimum of 50 percent ...
Kazakhstan >>  6/28/2022 - - Fostering private sector competitiveness and improving connectivity
- Supporting Kazakhstan’s pathway to carbon neutrality
- Promoting eco...


Sweden >>  6/27/2022 - Lundin Energy AB (“Lundin Energy”) announces an update to the guidance for its renewables business, expected to trade under the new name, Orrön Energy...
United Kingdom >>  6/27/2022 - The technology group Wärtsilä will partner with low carbon energy company SSE to deliver a 50 MW / 100 MWh energy storage system in Salisbury, Wiltshi...

South Africa >>  6/23/2022 - Ambri, provider of long-duration energy storage, announced that Earth & Wire, South Africa's independent renewable energy retail brand, placed an orde...
United States >>  6/23/2022 - The U.S. Department of Energy (DOE) issued a $70 million funding opportunity announcement to establish its 7th Clean Energy Manufacturing Innovation I...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.