Heliogen Inc. Review
Heliogen Inc. (NYSE: HLGN) is the only public solar company focused on decarbonizing industrial energy production.
The problem with conventional solar panels is that the sun isn't always shining and solar panels aren't always pointed in the optimal direction.
The company's cutting-edge technology aims to solve these problems, providing clean thermal energy to make steam, electric power, or green hydrogen. Using advanced computer vision software, the technology aligns an array of mirrors to reflect sunlight to a target on the top of a Sunlight Refinery tower, generating heat that's stored in a tightly-packed rock bed. That rock bed stores the heat for near 24/7 power generation by leveraging the heat to spin a turbine or generate energy other ways.
The company provides three types of energy:
The problem with conventional solar panels is that the sun isn't always shining and solar panels aren't always pointed in the optimal direction.
The company's cutting-edge technology aims to solve these problems, providing clean thermal energy to make steam, electric power, or green hydrogen. Using advanced computer vision software, the technology aligns an array of mirrors to reflect sunlight to a target on the top of a Sunlight Refinery tower, generating heat that's stored in a tightly-packed rock bed. That rock bed stores the heat for near 24/7 power generation by leveraging the heat to spin a turbine or generate energy other ways.
The company provides three types of energy:
- HelioHeat provides heat of up to 1000C to power industrial processes or mining.
- HelioPower delivers the HelioHeat solar thermal energy to heat an engine and produce electrical power.
- HelioFuel couples a HelioPower plant with a large-scale water electrolyzer to produce green hydrogen fuel.
Since Heliogen's system only involves mirrors, the systems are significantly cheaper and easier to maintain than conventional solar panels. And by converting heat into green hydrogen fuel, heavy industries can leverage the power on-site or easily transport it on the road, creating a compelling alternative to conventional diesel or fossil fuels.
The company aims to break ground on its first project during the second half of 2022.
Overall Rating
4out of 5 stars
Highlights
- Focuses on eliminating the need for fossil fuels in heavy industry.
- AI-enabled solar technology delivers near 24/7 carbon-free energy as heat, power or green hydrogen.
Details
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