[RT2GAIN]

I dumped this POS for a loss fuck these guys

[GoldRu$$H]

It really too early for me to be described as other than new to this ticker and will pay attention to what is going on with HLGN. It will be interesting to see what the SP is after the RS is complete. More than likely I am still going to be a buyer of HLGN.

[RT2GAIN]

How many bulls is for this company?

[RT2GAIN]

Are you a bull on this stock?

[RT2GAIN]

That’s some great DD bro thanks

[GoldRu$$H]

NYSE Listing Requirements
For a company to be listed and trade on the NYSE, it must be public and meet strict financial and structural standards.

To list on the NYSE, a company needs to have at least 400 shareholders and 1.1 million shares outstanding. Its share price must be a minimum of $4.00, and the market value of its publicly held shares must be at least $40 million—or $100 million for transfers and certain other listings.

In addition, the company must be profitable, earning at least $10 million over the past three years. Alternatively, a company may maintain a global market capitalization of at least $200 million. REITs require shareholders’ equity of $60 million.

Companies that want to get an NYSE listing submit their financial records, company by-laws, and information on their executives for review. If a company is approved, it’s then listed on the NYSE within four to six weeks.

[WeTheMarket]

Heliogen Announces 1-for-35 Reverse Stock Split
August 25 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91901289/heliogen-announces-1-for-35-reverse-stock-split

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, announced today that its Board of Directors has approved a 1-for-35 reverse stock split (“Reverse Stock Split”) of Heliogen’s common stock. Heliogen’s stockholders previously approved the Reverse Stock Split at Heliogen’s Annual Meeting of Stockholders held on August 3, 2023 and gave Heliogen’s Board of Directors discretionary authority to select a ratio for the Reverse Stock Split ranging from 1-for-10 shares to 1-for-40 shares.

The Reverse Stock Split is expected to be effective at 5:00 p.m., Eastern Time, on August 31, 2023. Beginning on September 1, 2023, Heliogen’s common stock is expected to begin trading on a split-adjusted basis on the New York Stock Exchange (“NYSE”). Following the Reverse Stock Split, the common stock will continue trading on the NYSE under the symbol “HLGN”, but will trade under a new CUSIP number: 42329E204. Heliogen’s publicly traded warrants will continue to be traded on the NYSE under the symbol “HLGN.W” and the CUSIP number for the warrants will remain unchanged.

Purpose of the Reverse Stock Split

The primary purpose of the reverse stock split is to increase the market price of Heliogen's common stock to regain full compliance with the NYSE share price listing rule and maintain Heliogen’s listing on the NYSE. Heliogen believes that the higher share price resulting from the Reverse Stock Split will also make Heliogen’s shares more attractive to institutional and other investors.

Details of the Reverse Stock Split

Under the terms of the Reverse Stock Split, every 35 shares of Heliogen's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, with no change in the par value per share. This will reduce the number of outstanding shares of Heliogen’s common stock from approximately 205.1 million to approximately 5.9 million. The Reverse Stock Split will not change the authorized number of shares of common stock.

No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders of record who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu of such fractional share.

As a result of the Reverse Stock Split, proportionate adjustments will be made to the number of shares of Heliogen's common stock underlying Heliogen's outstanding equity awards, warrants and preferred units, as well as the exercise or conversion price, as applicable.

[RT2GAIN]

Hmm wonder why they are splitting

[GoldRu$$H]

It's difficult to watch the action on a daily basis as I work 60/70-hour weeks. I would actually trade more if I had the time to focus on the market. I should have set a sell order after the 29% gain and then unload 20% of my holdings to try and take some profit. I want to have a core investment in HLZN but sell 20% when the share price reaches a gain whereas I can take some profits. This was a missed opportunity, and I will need to find time for such a disciplined approach.

[RT2GAIN]

Interesting action today

[GoldRu$$H]

Just getting my feet wet on this one and trying to learn as much as I can about the company. I need to diversify my holdings and alternative energy stocks would be an important sector to invest in. There is a lot to like about HLGN.

[RT2GAIN]

Are you a bull for this ticker?

[RT2GAIN]

More Green Day’s to come. I think this company have large potential

[GoldRu$$H]

LOL. Yeah, I've done that as well. Nice to see HLGN green today, big 29% jump.

[RT2GAIN]

I lit can’t find it anymore that’s why I was check to see if anybody else saw it lol

Best regard

[GoldRu$$H]

Did not see the patent news, can you provide a link?

I did find this news on HLGN today.

https://www.etfdailynews.com/2023/08/23/heliogen-inc-nysehlgn-shares-purchased-by-mirae-asset-global-investments-co-ltd/

Best regards.

[RT2GAIN]

Did anyone else see that news?

[RT2GAIN]

I saw patent news last night stg

[RT2GAIN]

How many bulls support this stock

[subslover]

LMAO! HLGN remains uncertain due to the lack of available data and forecast information. With no earnings per share or sales data reported for the current quarter, investors are left without key indicators to gauge the company’s financial performance.

The reporting date for HLGN’s financial results is also yet to be determined, further adding to the uncertainty surrounding the stock. Investors typically rely on these reports to make informed decisions about their investments, as they provide insights into a company’s profitability, revenue generation, and overall financial health.

Without any forecast data or recommendations available, investors may find it challenging to assess the future prospects of HLGN. These factors contribute to a lack of clarity and make it difficult to predict the stock’s performance on August 22, 2023.

[WeTheMarket]

Heliogen, Inc. to Participate in Fireside Chat at SHARE Series Event
August 11 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91795777/heliogen-inc-to-participate-in-fireside-chat-at

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy, is pleased to announce its participation in the SHARE Series Management Update event on Monday, August 14, 2023, at 8:00 AM EDT.

Christie Obiaya, Heliogen’s Chief Executive Officer will conduct a 30-minute moderated fireside chat at 8:00 AM EDT. The fireside chat will include the opportunity for the audience to ask questions.

The live stream of the event may be accessed via a live webcast in the Investors section of Heliogen’s website at investors.heliogen.com or via the following link:

https://www.openexchange.tv/monday-management-update-august-14th

An archived replay will be available on Heliogen’s website and the SHARE Series website for 90 days following the event.

[WeTheMarket]

The Clean Hydrogen Rules Will Be Delayed Until at Least October
The Biden administration will miss a deadline in the Inflation Reduction Act, as it tries to regulate one of the climate law’s most generous —and contentious — tax credits.
AUGUST 10, 2023
https://heatmap.news/economy/hydrogen-tax-credit-rules-when

The Biden administration is planning to publish rules governing one of the most generous subsidies in its new climate law — a tax credit for clean hydrogen — no earlier than October, missing a key deadline inscribed in the law, according to a source familiar with the process.

The rules revolve around one of the most contentious questions that has emerged after the law’s passage: How do you know that your electricity is clean? The debate has divided climate activists, hydrogen companies, renewable developers, and nuclear-power plant owners.

The ultimate answer could — by one estimate — determine the flow of more than $100 billion in federal subsidies over the next two decades.

The new rules could come as late as December, the source said, missing the deadline by as much as four months. The climate law required the Treasury Department publish guidance about the hydrogen tax credit within one year of its passage. Because the law was signed on August 16, 2022, that deadline will arrive next week.

Hydrogen is key to the Biden administration’s climate strategy. The colorless, odorless gas has the potential to replace fossil fuels in industries that are otherwise difficult to make climate-friendly, including steelmaking, shipping, aviation, and fertilizer production. While hydrogen does not emit any carbon when burned, today most hydrogen is made from natural gas in a carbon-intensive process.

The new tax credit is designed to make cleaner production methods more competitive, and it offers the largest reward — $3 per kilogram of hydrogen — to companies that can make hydrogen without emitting almost any greenhouse gases at all.

The issue before the Treasury Department is how companies should calculate their greenhouse gas emissions when trying to qualify for this credit. But there’s no universally accepted way to do this accounting. That is an especially big problem for a method of producing hydrogen called electrolysis, which uses electricity to split water into its constituent hydrogen and oxygen atoms. The process is incredibly energy-intensive, but it can be emissions-free, as long as the electricity comes from a carbon-free source.

A major debate has erupted among energy companies, environmental groups, and academics over what should qualify as carbon-free electricity. Earlier this year, researchers from Princeton University’s ZERO Lab warned that the Treasury Department’s decision could risk a major increase in emissions, underwritten by billions of public dollars, if not crafted carefully. Most — but not all — of the nascent clean hydrogen industry has pushed back on their analysis, warning that onerous rules would “devastate the economics” of clean hydrogen.

As we’ve previously reported, the complicated tax credit could transform the nuclear power sector and America’s energy economy writ large. It could also drive the formation of a booming domestic clean-hydrogen industry — but only if the Biden administration gets it right.

[WeTheMarket]

Heliogen, Inc. Announces Second Quarter 2023 Financial And Operational Results
August, 08, 2023
Link to Press Release https://investors.heliogen.com/news/news-details/2023/Heliogen-Inc.-Announces-Second-Quarter-2023-Financial-and-Operational-Results/default.aspx
Link to Presentation https://s202.q4cdn.com/554461737/files/doc_presentations/2023/08/HLGN-2Q23-earnings-presentation.pdf
Link to Webcast https://viavid.webcasts.com/starthere.jsp?ei=1626826&tp_key=b829dc58ce

PASADENA, Calif.--(BUSINESS WIRE)-- Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its second quarter 2023 financial and operational results.

Recent Highlights

Increased current opportunity pipeline to 825 MW, 700 MW of which was added since May 2023
Second Quarter 2023 Highlights

Signed an $11.2 million offtake contract with the City of Lancaster, CA for the sale of carbon-free green hydrogen produced at Heliogen’s Proxima project
Executive Commentary

“During the second quarter of 2023, we made demonstrable progress on our three-pronged strategy to enhance shareholder value at Heliogen,” said Christie Obiaya, Heliogen’s Chief Executive Officer. “We advanced our goal of closing sales by securing a high-quality green hydrogen offtake agreement.”

Ms. Obiaya continued, “Heliogen’s efforts remain focused on expanding our market presence, accelerating the installation of our first commercial-scale projects, and preparing to add growth capital. We have seen rapid progress on these strategic initiatives, which is a testament to our team’s resilience and dedication. As we look forward to the next several quarters, we remain focused and determined to unlock the vast potential of our groundbreaking solar thermal energy technology. We stand resolute in our commitment to deliver on the promises we’ve made to our shareholders, customers and the planet.”

Second Quarter 2023 Financial Results

For the second quarter 2023, Heliogen reported total revenue of $1.4 million and net loss of $21.7 million. Heliogen’s revenue was driven primarily by continued execution on its Capella project. Heliogen’s Adjusted EBITDA was negative $19.3 million for second quarter 2023.

Conference Call Information

The Heliogen management team will host a conference call to discuss its second quarter 2023 financial results on Wednesday, August 9, 2023, at 10:00 a.m. EDT. The call can be accessed via a live webcast accessible on the Events & Presentations page in the Investor Relations section of Heliogen’s website at www.heliogen.com. The call can also be accessed live via telephone by dialing 1-877-407-0789 (1-201-689-8562 for international callers) and referencing Heliogen.

An archive of the webcast will also be available shortly after the call on the Investor Relations section of Heliogen’s website.

Open Conference Call Question Submission

Members of the investor community may submit questions before the start of the conference call for consideration via email to [e-mail].

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Use of Non-GAAP Financial Information

Management uses certain financial measures, including EBITDA and Adjusted EBITDA, to evaluate our financial and operating performance that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America (“GAAP”). We believe these non-GAAP financial measures are useful to investors and analysts to assess our ongoing financial performance because they provide improved comparability between periods through the exclusion of certain items that we believe are not indicative of our core operating performance, enhance the overall understanding of our past financial performance and future prospects, and remove items that may obscure our underlying business results and trends. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, and our calculations thereof may not be comparable to similarly titled measures reported by other companies.

EBITDA represents consolidated net loss before (i) interest (income) expense, net, (ii) income tax expense (benefit) and (iii) depreciation and amortization expense. We define Adjusted EBITDA as EBITDA adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends. Please see the accompanying tables for a reconciliation of net loss to EBITDA and Adjusted EBITDA.

[WeTheMarket]

Form 8-K
August 3, 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91740688/form-8-k-current-report

Item 5.07 Submission of Matters to a Vote of Security Holders.

2023 Annual Meeting of Stockholders

Proposal Two: Approval of Amendment to Effect Reverse Stock Split

The Company’s stockholders approved an amendment to the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s Common Stock at a ratio in the range of one-for-ten to one-for-forty, with the exact ratio to be determined in the discretion of the Company’s Board of Directors and with such reverse stock split to be effected at such time and date, if at all, as determined by the Company’s Board of Directors in its sole discretion

[WeTheMarket]

Brenda Hydrogen Project
JUL 20, 2023
https://www.heliogen.com/resource/brenda-hydrogen-project-2/

Link to Project Datasheet https://www.heliogen.com/wp-content/uploads/2023/07/Brenda-Green-Hydrogen_Project-Brief-March-2023_c.pdf

Heliogen plans to set up a fuel cell electric vehicle grade liquid hydrogen production facility in Brenda, Arizona. The solar energy zone provides ideal conditions for concentrated solar installations, allowing Heliogen to produce low-cost, carbon-free hydrogen to meet growing demand in transportation and distribution sectors, while reducing emissions.

[WeTheMarket]

Heliogen webinar today at 1pm ET "Cities of the Future: Harnessing Green Hydrogen from Thermal Energy"
Webinar led by Chief Scientist, Steve Schell, who will discuss how future cities can embrace green hydrogen production using thermal energy.
Register at https://rb.gy/rcdsg?trk=organization_guest_main-feed-card-text

[WeTheMarket]

Heliogen, Inc. Schedules Release Of Second Quarter 2023 Financial Results And Conference Call
July, 26, 2023
https://investors.heliogen.com/news/news-details/2023/Heliogen-Inc.-Schedules-Release-of-Second-Quarter-2023-Financial-Results-and-Conference-Call/default.aspx

PASADENA, Calif.--(BUSINESS WIRE)-- Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy, today announced that it will release financial and operating results for the second quarter 2023 after the market close on Tuesday, August 8, 2023. This release will be followed by a conference call for investors at 10:00 AM EDT on Wednesday, August 9. Christie Obiaya, Heliogen’s Chief Executive Officer and Sagar Kurada, Chief Financial Officer, will host the call.

The conference call may be accessed via a live webcast on a listen-only basis in the Investors section of Heliogen’s website at investors.heliogen.com. The call can also be accessed live via telephone by dialing 1-877-407-0789 (1-201-689-8562 for international callers) and referencing Heliogen.

A replay of the webcast will be available shortly after the call on the Investors section of Heliogen’s website.

About Heliogen

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com.

Heliogen Investors:
Louis Baltimore
VP, Strategic Finance & Investor Relations
[e-mail]

Heliogen Media:
Cory Ziskind
ICR, Inc.
[e-mail]

[WeTheMarket]

Repost from Stocktwits ADN board, courtesy of jjgrey05.

ADN = 48.8 million MC ($0.92) O/S = 53,097,236
HLGN = 57.9 million MC ($0.29) O/S = 196,847,953
HYZN = 396.26 million MC ($1.62) O/S = 244,599,212
FCEL = 919.28 million MC ($2.26) O/S = 406,760,629
NKLA = 1.74 billion MC ($2.50) O/S = 694,091,215
PLUG = 7.44 billion MC ($12.39) O/S = 600,536,746
Revenues based on SEC filings
ADN 2022 rev: $7,837,000
HGLN 2022 rev: $13,751,000 (7,232,000 was grant revenue)
HYZN 2022 rev: $3,726,000
FCEL 2022 rev: $130,484,000
NKLA 2022 rev: $50,825,000
PLUG 2022 rev: $701,440,000

ADN 2023 EST rev: $8,300,000 (w/o Green HiPo)
HGLN 2023 EST rev: $14,500,000
HYZN 2023 EST rev: $6,000,000
FCEL 2023 EST rev: $165,419,000
NKLA 2023 EST rev: $78,117,000
PLUG 2023 EST rev: $870,826,000
Based on Est 2023 rev:
ADN: trading 6x
HLGN: trading 4x
NKLA: trading 23x
HYZN: trading 65.5x
FCEL: trading 5.6x
PLUG: trading 8.5x

[Mr Highstepper]

Thank you I appreciate the heads up.

[WeTheMarket]

Mr H, welcome to the Heliogen board. Relevant quotes from the following article, dated Feb 8, 2023.

https://www.bizjournals.com/losangeles/news/2023/02/07/heliogen-cfo-christie-obiaya-named-ceo.html

Renewable solar energy company Heliogen Inc. has a new leader in charge after its board of directors appointed Christie Obiaya as chief executive officer, following conflict with the company's founder and former CEO.

Gross announced his decision to step down as CEO to Heliogen's board last year, recommending an unidentified candidate from outside the company to step into the role of president before moving up to CEO after a six-month period, Gross said in his resignation letter to the board. Gross wrote that the board of directors approved and nominated his candidate, but senior management at Heliogen objected, as several members "threatened to quit." Gross said that the board supported the existing management team, promoting Obiaya.

In response, Heliogen's board of directors said in a statement that it did not nominate Gross' candidate during the process, determining that it was in Heliogen's "best interests" to promote a internal candidate that was "intimately familiar" with the company’s technology, customers and the board’s priorities.

[Mr Highstepper]

Sir can you tell me. What happened to Bill Gross? Wasn’t he the founder of this company? Did the board force him out?

[WeTheMarket]

Heliogen Appoints Sagar Kurada as Chief Financial Officer and Head of Strategy
July 10 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91536382/heliogen-appoints-sagar-kurada-as-chief-financial

Key excerpts:

Mr. Kurada brings more than two decades of experience and expertise in industrial decarbonization and renewable energy with a proven track record of developing and implementing financial growth strategies for disruptive sustainability-driven companies. In his role at Heliogen, he will work closely with the Company’s management team, board of directors, and the recently announced Corporate Strategy Committee to lead the finance organization, drive business growth, and execute on the Company’s mission of industrial decarbonization.

Prior to joining Heliogen, Mr. Kurada served as Chief Financial Officer at Newlight Technologies, Inc., a privately held biotechnology company converting air and greenhouse gas into biomaterials, where he led initiatives around the company’s financial, operations, growth planning, and market responsiveness strategies. Previously, he served as Chief Financial Officer of Eos Energy Enterprises, Inc. (Nasdaq: EOSE), a leading provider of long duration energy storage systems, where he oversaw Eos’ entry to public markets and led the company’s finance organization including accounting and controllership, financial planning and analysis, tax, investor relations, and treasury. Prior to joining Eos, Mr. Kurada held Chief Financial Officer roles with HighTower Advisors and in multiple GE operating entities, and he also worked in the private equity consulting practice at FCM. He has led multiple significant equity and debt financing rounds to support business growth. Mr. Kurada holds a Bachelor of Science from Rensselaer Polytechnic Institute and an MBA from Columbia Business School.

“Heliogen is at the forefront of solving the critical challenge of providing affordable, reliable clean energy to industry through deployment of their innovative concentrating solar thermal energy technology, and I am excited to join at a time of significant opportunity for the company,” said Mr. Kurada. “Christie and the entire Heliogen team have made significant commercial progress in recent months. I look forward to working alongside this driven group of individuals on the company’s mission to help industry achieve net zero emissions and execute its global growth strategy.”

[WeTheMarket]

Green hydrogen market to grow six-fold to $1.4 trillion, said Deloitte
By 2050, the practice of using renewable energy to electrolyze water and create hydrogen fuel may reach a global market of well over $1 trillion USD.
JUNE 13, 2023 RYAN KENNEDY
https://pv-magazine-usa.com/2023/06/13/green-hydrogen-market-to-grow-six-fold-to-1-4-trillion-said-deloitte/

[WeTheMarket]

Rocks: The Unexpected Powerhouse of Sustainable Solar Energy Storage
June 11, 2023
https://scitechdaily.com/rocks-the-unexpected-powerhouse-of-sustainable-solar-energy-storage/

[WeTheMarket]

Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a)
June 07 2023 - 05:11PM
Edgar (US Regulatory)
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91273008/proxy-statement-notice-of-shareholders-meeting-p

[WeTheMarket]

Heliogen and the City of Lancaster Advance Hydrogen Economy Through the City’s First Green Hydrogen Contract to Fuel Municipal Fleet
June 06 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91254780/heliogen-and-the-city-of-lancaster-advance-hydroge

Collaboration to decarbonize America’s “First Hydrogen City” through Heliogen’s patented breakthrough CST technology

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today announced the execution of a definitive contract with The City of Lancaster, California (“The City” or “Lancaster”) to produce green hydrogen to be purchased by Lancaster for the city’s growing green hydrogen fuel needs. The partnership represents Lancaster’s first hydrogen offtake agreement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230606005500/en/

The green hydrogen will be produced at Heliogen’s Proxima hydrogen facility in Lancaster and will leverage Heliogen’s innovative technology using AI and advanced computer vision software to concentrate sunlight with mirrors, producing carbon-free hydrogen with significant economic development potential. As part of the agreement, Heliogen will provide green hydrogen to the City and will certify its carbon intensity, a measure of the CO2 emitted per kilogram of hydrogen produced. Proxima could ultimately help support other projects within the city and region, including sustainable aviation fuel, and sales and distribution of hydrogen fuel for industrial processes such as long-haul trucking, cement, and mining.

The agreement between Heliogen and Lancaster builds upon the previously announced MOU between the parties to establish a clean hydrogen generation facility, and is expected to contract hydrogen conforming to SAE J2719 hydrogen fuel cell vehicle specifications at a $10/kg offtake price. The wholesale-level price represents significant cost savings for the city amid rapidly increasing prices at hydrogen filling stations across California, with the average hydrogen pump price reaching an all-time high of $21.28/kg in November 2022, according to data provided to Hydrogen Insight by S&P Global Commodity Insights.

The collaboration furthers the City’s vision to become a model and leader for hydrogen as a clean, alternative energy source for municipalities. Lancaster, the nation’s first city to embrace hydrogen power, is an inaugural winner of the U.S. Department of Energy’s H2 Twin Cities Initiative.

“We are excited to advance our strategic relationship with The City of Lancaster and support its needs for green hydrogen fuel at scale,” said Christie Obiaya, Chief Executive Officer at Heliogen. “This agreement underscores the incredible potential to rapidly develop and commercialize green hydrogen as a key pathway for a decarbonized economy. I am proud of the Heliogen team for its work to demonstrate the value of our patented breakthrough technology to produce cost-effective green hydrogen, which will accelerate adoption of this critical, multi-use form of clean fuel all over the world.”

“As America’s first hydrogen city, Lancaster is proud to pioneer innovative solutions to drive change and decarbonize our economy,” said R. Rex Parris, Mayor, City of Lancaster. “Heliogen’s unique ability to create carbon-free hydrogen holds immense promise to fuel our municipal fleet at the lowest carbon intensity. Hydrogen is the future and we invite other cities to join us on the path to decarbonization as a way to tackle climate change.”

Heliogen has completed preliminary configuration designs and secured a site for Proxima.

ABOUT HELIOGEN

Heliogen is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, Heliogen is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost. For more information about Heliogen, please visit heliogen.com

ABOUT THE CITY OF LANCASTER

Lancaster is a diverse community of nearly 170,000, leading the future through science, technology, art, culture, and collaboration. Home to astronauts, rocket scientists, families, and innovative businesses large and small, we are leading the USA with innovation. Combined with spectacular landscapes and clean air, Lancaster has the confidence, expertise, spirit, and imagination to transform tomorrow. We are: Creating a better tomorrow. Together. Visit us at www.cityoflancasterca.gov.

The City of Lancaster, California, was the first United States city to embrace hydrogen power, earning the moniker of the "First Hydrogen City." The City has engaged in numerous formal partnerships and agreements to harness the potential of clean hydrogen. Lancaster is jumpstarting hydrogen adoption throughout the Antelope Valley and southern California.

[WeTheMarket]

DOE is Advancing Heliostat Technologies…New Prize & Selected Research Projects
DOE Office of Energy Efficiency and Renewable Energy sent this bulletin at 06/01/2023
https://content.govdelivery.com/accounts/USEERE/bulletins/3599453

[WeTheMarket]

Posted on 5/11/2023.

[WeTheMarket]

Link to Q1 2023 Earnings Presentation https://s202.q4cdn.com/554461737/files/doc_presentations/_HLGN-1Q23-earnings-presentation.pdf

[WeTheMarket]

Heliogen, Inc. Announces First Quarter 2023 Financial and Operational Results
May 09 2023 - 04:13PM
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/91005815/heliogen-inc-announces-first-quarter-2023-financ

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its first quarter 2023 financial and operational results.

Recent Highlights

- Began high-volume automated heliostat production at Heliogen’s manufacturing facility in Long Beach, CA

First Quarter 2023 Highlights

- Entered into an agreement to provide front-end concept design and R&D engineering services
- Completed the preliminary design and secured a site for the “Proxima” green hydrogen project in Lancaster, CA
- Implemented cost reduction program to streamline operations and extend liquidity runway
- Following the leadership transition of Heliogen’s CEO in February 2023, announced Strategic Plan and formed - Board-level Corporate Strategy Committee to oversee the implementation of Heliogen’s long-term strategic plan and specific strategic initiatives

Executive Commentary

“During the first quarter of 2023, we embraced a new chapter of growth and resilience at Heliogen. After introducing our strategic initiatives aimed at delivering significant value to our shareholders and customers, we devised our cost reduction program and began to implement it at the end of March,” said Christie Obiaya, Heliogen’s Chief Executive Officer.

Ms. Obiaya continued, “We are committed to accelerating our sales and establishing stronger relationships with our commercial partners, as well as leveraging research and development opportunities that validate important applications for decarbonization. Our focus on perfecting our product-market fit, expediting the deployment of large-scale projects, and ensuring financial stability will help drive Heliogen’s success in the coming quarters. In a short time, we have made great progress on our strategic initiatives, and we will continue to forge ahead with determination to deliver on the promise of our groundbreaking technology.”

First Quarter 2023 Financial Results

For the first quarter 2023, Heliogen reported total revenue of $1.9 million and net loss of $10.5 million. Heliogen’s net loss in the fourth quarter 2022 was $35.0 million. The change in net loss for the first quarter 2023 compared to the fourth quarter 2022 was driven primarily by a non-cash reduction of share-based compensation expense of $17.5 million and a $6.6 million decrease of R&D expenses. Heliogen’s Adjusted EBITDA was negative $17.8 million for first quarter 2023.

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