Heliogen, Inc.
HLGN-WT
New York Stock Exchange0.02
USD
+0.00
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Heliogen, Inc.
HLGN-WT
(New York Stock Exchange)
Recent
price
0.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Heliogen, Inc. (OTCQX: HLGN-WT) develops and deploys AI-powered concentrated solar power systems that deliver dispatchable, low-carbon heat, power, and green hydrogen for heavy industry decarbonization; core offerings include HelioHeat modular concentrated solar thermal systems achieving temperatures over 1,000°C for cement, steel, mining, and refining; HelioMind AI-driven heliostat control software for precision solar capture and predictive maintenance; molten salt thermal energy storage for 24/7 energy supply; hybrid photovoltaic systems integrated with long-duration storage; and engineering services encompassing technoeconomic analysis, project development, procurement, construction, and operations support for power, heat, and water applications. Founded in 2013 and headquartered in Pasadena, California, the company targets energy-intensive sectors in high-solar-irradiance regions such as the US, Europe, and industrial markets globally, with operations focused on replacing fossil fuels in hard-to-abate industries through scalable, cost-effective solutions. In May 2025, Heliogen entered a definitive agreement to be acquired by Zeo Energy Corp. (Nasdaq: ZEO) in an all-stock transaction valued at approximately $10 million, expected to close in Q3 2025 pending shareholder approval and customary conditions, creating a combined clean energy platform spanning residential, commercial, utility-scale solar, and long-duration storage for data centers and AI facilities while streamlining costs and leveraging Zeo's financing capabilities.