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Heliogen Raises $108 Million To Advance New Non-Intermittent Renewable Energy Technology For Heat, Power, And Green Hydrogen

Jun 15, 2021about 4 years ago

Amount Raised

$108 Million

Pasadena

Description

Heliogen, the renewable energy technology company unlocking the power of sunlight to replace fossil fuels, today announced that it has raised $108 million in two funding rounds to accelerate the global deployment of its Sunlight RefineryTM, a turnkey concentrated solar energy system that aims to make carbon-free energy for high-temperature heat, power, and green hydrogen accessible and more cost-effective than fossil fuels for the first time. The company recently closed $83 million in funding, an oversubscribed round that is in addition to $25 million raised in the previous round. Among the new investors in Heliogen are ArcelorMittal, the world’s leading steel and mining company (NYSE: MT), Edison International, breakthrough scientific startup-focused venture capital firm Prime Movers Lab, Canada-based privately held venture capital fund Ocgrow Ventures, A.T. Gekko, a private investment group specializing in ESG Venture Capital, private investment partnership of industry-leading families 8090 Partners, Gordon Crawford, and technology, consumer, and media-focused investor Rashaun Williams.

Company Information

Company

Heliogen

Location

Pasadena, California, United States

About

Heliogen is a renewable energy technology company unlocking the power of sunlight to replace fossil fuels.

FundzWatch™ Score

67
Medium Activity

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