Heliogen Project Funded with up to $50M from Woodside and $39M from US DoE, Achieves Key Milestone

AI-powered solar technology leader Heliogen announced the company’s key development milestone of transitioning from design into testing and implementation of its supercritical CO2 (sCO2) power generation system to be utilized to generate carbon-free electricity for its previously announced 5 MWe commercial-scale demonstration deployment for Woodside in Mojave, California.

Heliogen’s AI-enabled concentrated solar energy technology’s deployment, including testing and deployment of the sCO2 power generation system, is being funded with up to $50M from Woodside, along with Heliogen’s previously announced $39 million award from the U.S. Department of Energy to deploy its renewable energy technology in California.

In partnership with Hanwha Power Systems, Heliogen has developed a modular, high-efficiency 5 MWe sCO2 power block integrated with high-temperature solid media thermal energy storage, purposed to meet the renewable power generation requisites for industrial customers in energy, mining, and other heavy industries.

Additional to the power block, Heliogen is partnering with Vacuum Process Engineering (VPE) and Solex Thermal Science to develop an advanced particle to sCO2 heat exchanger that will be used to transfer thermal energy from thermal storage to the power block.

“This development milestone further demonstrates Heliogen’s momentum through commercial, technological, and governmental partnerships,” said Bill Gross, Founder and Chief Executive Officer, Heliogen. “Bringing together the needs and expertise of world-class companies like Woodside, Hanwha, and others will accelerate the pace at which Heliogen is able to deploy our innovative technologies for providing clean energy to heavy industry. The support of the U.S. Department of Energy is also critical in moving technologies like ours into commercial deployment phase. I am incredibly excited at what our company can achieve in 2022 and beyond.”