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Heliogen ( (HLGN) ) has issued an announcement.
Heliogen announced the conclusion of its Capella Project, initially a collaborative effort with Woodside Energy and the US Department of Energy, aimed at developing a 5 MWe concentrated solar power plant using Generation 3 CSP technology. Despite significant advancements in engineering and prototyping, escalating costs led to the decision not to proceed with construction. The project achieved several milestones in design and technology, contributing valuable insights for future CSP developments. Both Heliogen and Woodside continue to explore opportunities for deploying CSP technology.
More about Heliogen
Heliogen is a renewable energy technology company specializing in concentrating solar energy and thermal storage systems aimed at decarbonizing industries and providing sustainable, carbon-free heat, steam, or power. The company leverages AI and computer vision to enhance its clean energy solutions, facilitating a seamless transition to renewable energy without compromising on reliability, availability, or cost.
YTD Price Performance: -16.67%
Average Trading Volume: 12,829
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.77M
See more insights into HLGN stock on TipRanks’ Stock Analysis page.
