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Stock impact report

Heliogen, Inc. Announces First Quarter 2024 Financial and Operational Results

HELIOGEN INC (HLGN) 
Company Research Source: Business Wire
PASADENA, Calif.--(BUSINESS WIRE)--Heliogen, Inc. (“Heliogen”) (OTCQX: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its first quarter 2024 financial and operational results.Financial and Operational Highlights1.9 gigawatts (“GW”) in opportunity pipeline$76.2 million contracted revenue backlog driven by a diverse set of contracts including next-generation concentrated solar power (“CSP”), green hydrogen, hybrid photovoltaic (“PV”) and sustainable aviation fuelAdded $1.8 million to our contracted revenue backlog in connection with the U.S. Department of Energy award to accelerate the large-scale development and deployment of a solar thermal calciner to decarbonize cement productionFirst commercial-scale installation of Heliogen steam plant in west Texas remains on-track for mechanical completion at year-end 2024$60.7 million in available liquidity as of March 31, 2024Ongoing comprehensive review process to further drive cost reduction Show less Read more
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