[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.

Conference Call Information

The Heliogen management team will host a conference call to discuss its first quarter 2023 financial results on Wednesday, May 10, 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 1-877-300-8521 (1-412-317-6026 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.

[WeTheMarket]

Heliogen to Participate in Upcoming Institutional Investor Conferences
May 03 2023 - 04:05PM
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90947962/heliogen-to-participate-in-upcoming-institutional

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy, today announced participation in upcoming institutional investor conferences during the second quarter 2023.

As part of Heliogen’s ongoing commitment to engage with the investment community and promote its sustainable energy solutions, Christie Obiaya, Chief Executive Officer, will present at the following conferences:

- Sidoti May Microcap Virtual Conference , May 10 , 4:00 pm

- TD Cowen Sustainability Week, June 7, 10:20 am

Live webcast links and archived replays for both events will be available on the investor relations section of Heliogen’s website at investors.heliogen.com.

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.

[WeTheMarket]

Great news from Heliogen partner Bloom Energy.

Bloom Energy Demonstrates Hydrogen Production with the World’s Largest and Most Efficient Solid Oxide Electrolyzer
Wed, May 3, 2023 at 9:15 AM EDT
https://finance.yahoo.com/news/bloom-energy-demonstrates-hydrogen-production-131500893.html

[WeTheMarket]

Heliogen, Inc. Schedules Release of First Quarter 2023 Financial Results and Conference Call
April 26 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90866797/heliogen-inc-schedules-release-of-first-quarter

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 first quarter 2023 after the market close on Tuesday, May 9, 2023. This release will be followed by a conference call for investors at 10:00 AM EDT on Wednesday, May 10. Christie Obiaya, Heliogen’s Chief Executive Officer and Kelly Rosser, Interim 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 1-877-300-8521 (1-412-317-6026 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.

[WeTheMarket]

Heliogen Rejects Unsolicited Acquisition Proposal from Continuum Renewables
April 24 2023 - 04:40PM
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90840634/heliogen-rejects-unsolicited-acquisition-proposal

Heliogen, Inc. (“Heliogen” or the “Company”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today announced that its Board of Directors (the “Board”) rejected the unsolicited, non-binding proposal it received on April 13th from Continuum Renewables, Inc. (“CRI”) to acquire all of the outstanding shares of common stock of Heliogen for cash consideration of $0.40 per share.

After careful consideration and consultation with legal and financial advisors, the Board concluded that the non-binding proposal substantially undervalues Heliogen. In fact, the proposal would result in an implied equity value for Heliogen common stockholders that is materially below Heliogen’s available liquidity. Additionally, the Board concluded that the proposal is subject to material contingencies, including CRI obtaining financing. Accordingly, the Board determined the proposal was not in the best interests of Heliogen and all of its stockholders.

“The Board remains fully committed to Heliogen’s management team and its strategic priorities of increasing sales, installing commercial projects and improving the Company’s financial position,” said Julie Kane, Chair of the Board. “We strongly believe that our new leadership’s execution of this dynamic plan is the best way to drive sustainable long-term value creation for all stockholders and is a superior path compared to CRI’s opportunistic proposal.”

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.

[WeTheMarket]

Repost from Stocktwits, courtesy of Sadhst

NantWorks, NantG power, ..... Botswana. His visit with the president of Botswana and his shares accumulation recently over 28 mil shares. Who is our “White knight”?

[WeTheMarket]

Podcast Beyond Fossil Fuels: Concentrated Solar Energy’s Potential (Steve Schell, Chief scientist at Heliogen)
Apr 17, 2023

Of particular interest, at minute 18 into the video, Steve Schell talks about a long list of mining industry customers they are currently in discussion with, that they hope to start revealing in the near future.

Description

Imagine if one million mirrors are oriented to reflect solar energy to one specific point. Imagine the sheer amount of heat generated; imagine the energy potential. Concentrated solar energy uses this technique, and can be used to store energy at a lower cost than batteries. But the sun never sits still. How do you design solar harvesters that efficiently follow the path of the sun?

In today’s episode, Steve Shell, an accomplished scientist, engineer, and the current Chief Scientist at Heliogen, breaks down the current state of concentrated solar energy. With him, we discuss:

??How the efficiency and operation of concentrated solar technology compares to other forms of renewable energy, like wind or hydroelectric.
???What is concentrated solar power, and what material differences there are between this technology and “classical” solar power?
???The challenges in operating and maintaining large-scale solar harvesting facilities.
??Some of the most promising emerging applications of concentrated solar technology, and how might they transform the energy landscape in the coming years.
??And much more!

~~~~~~~~~~~~~~
Timestamps:
- Teaser (0:00 – 1:09)
- Intro, Latest Travel, & Episode Highlights (1:09 – 5:54)
- Introducing Steve Schell (5:54 – 6:39)
- Concentrated solar power (CSP) (6:39 – 9:57)
- Heat & energy production (9:57 – 10:47)
- Complexity of heliostats (10:47 – 14:23)
- Efficiency of heliostats (14:23 – 16:04)
- Current & future customers (16:04 – 18:14)
- Reliability of solar and energy storage (18:14 – 22:02)
- Thermal batteries to extract heat (22:02 – 24:52)
- Tradeoff when using coatings (24:52 – 29:14)
- High-temp materials as heat sinks (29:14 – 33:41)
- Promising applications of CSP (33:41 – 37:35)
- Transitioning from fossil fuels to solar (37:35 – 42:03)
- Balancing innovation with community disparities (42:03 – 46:02)
- Advice to tackle issues in solar (46:02 – 50:04)
- Conclusion (50:04 – 51:05)
- MSE Academy (51:05 – 52:10)

[WeTheMarket]

Current Report Filing (8-k)
April 17 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90778593/current-report-filing-8-k

[WeTheMarket]

Found the answer to the question in my previuos post at the following site. https://investguiding-com.ngontinh24.com/articles/what-happens-to-warrants-if-a-company-is-bought-out

Relevant excerpt:

"If it's a merger for shares, the warrants will be adjusted to reflect the share terms of the merger and will continue to trade.

If it's a cash buyout then warrant expiration is accelerated and the warrant will be worth its intrinsic value if in-the-money and worthless if out-of-the-money."

[WeTheMarket]

Does anybody know what happens to the warrants in the event of a buyout?

[WeTheMarket]

Heliogen Confirms Receipt of Unsolicited, Non-Binding Acquisition Proposal
April 14 2023 - 08:00AM
Business Wire
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90767186/heliogen-confirms-receipt-of-unsolicited-non-bind

Heliogen, Inc. (“Heliogen” or the “Company”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today announced that it has received an unsolicited, non-binding proposal from Continuum Renewables, Inc. (“CRI”) to acquire all of the outstanding shares of common stock of Heliogen for cash consideration of $0.40 per share.

The non-binding proposal states that CRI was co-founded by Bill Gross. Mr. Gross is the former Chief Executive Officer of Heliogen who was terminated by Heliogen in February. The non-binding proposal further states that CRI’s largest investors are Idealab Studio, LLC, an entity affiliated with Mr. Gross, and Prime Movers Lab, which collectively hold, directly or indirectly, approximately 26% of the Company’s outstanding shares. The non-binding proposal is subject to various contingencies, including CRI obtaining financing. Since Mr. Gross’s separation, and as shared during the Company’s March 28, 2023 earnings call, the Company’s new leadership has taken aggressive measures to progress its strategic priorities of increasing sales, installing its first commercial project, and improving the Company’s financial position.

Consistent with its fiduciary duties, Heliogen’s Board will carefully evaluate the non-binding proposal to determine the course of action that it believes is in the best interest of the Company and all Heliogen shareholders and respond appropriately.

Heliogen shareholders do not need to take any action at this time.

Cooley LLP is acting as legal counsel to Heliogen.

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.

[diskman]

Need to increase offer to 5.00,

[diskman]

Absolutely

[Babubd]

Blast-Off is imminent!

[Jack_Bolander]

MORE DEBT. MORE DILUTION.
Near All Time Lows.
What a lousy investment, especially for the current investor/ bag holders.

https://seekingalpha.com/news/3955169-heliogen-announces-150m-mixed-shelf-secondary-offering-of-777m-shares-filing?mailingid=31092475&messageid=2900&serial=31092475.76&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=31092475.76

[WeTheMarket]

Apologies for duplicating the previous post on Q4 earnings. When originally posted I was on vacation and was not able to add it to the sticky posts. Since posts older than 48 hours can not be added to sticky posts, I had to repost it.

[WeTheMarket]

Heliogen, Inc. Announces Fourth Quarter and Full Year 2022 Financial and Operational Results; Reports Progress on Strategic Initiatives
March 28 2023
https://ih.advfn.com/stock-market/NYSE/heliogen-HLGN/stock-news/90620318/heliogen-inc-announces-fourth-quarter-and-full-y

Heliogen, Inc. (“Heliogen”) (NYSE: HLGN), a leading provider of AI-enabled concentrating solar energy technology, today provided its fourth quarter and full year 2022 financial and operational results.

Recent Highlights

- Completed the preliminary design and secured a site for the “Proxima” green hydrogen project in Lancaster, CA
- Achieved successful accumulation of over 125 hours of operational life and 25 miles travelled on the ChariotAV, Heliogen’s autonomous cleaning vehicle
- 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-range strategic plan and specific strategic initiatives

Full-Year 2022 Highlights

- Signed full project agreement with Woodside Energy (USA) Inc. (“Woodside”) for the commercial-scale demonstration and deployment of Heliogen’s AI-enabled concentrated solar energy technology; this project will also demonstrate other novel elements through application of Heliogen’s $39 million U.S. Department of Energy (“DOE”) award
- Finalized and executed a lease in the Brenda Solar Energy Zone with U.S. Bureau of Land Management for a green hydrogen production project that is under development
- Successfully performed automated installation of prototype Generation 5 heliostats at Lancaster demonstration facility
- Successfully completed initial field testing of ChariotAV
- Selected to receive an additional $4.1 million award from the DOE to accelerate the large-scale development and deployment of a solar thermal calciner to decarbonize cement production
- Completed the build-out of Heliogen’s automated, high-volume heliostat production facility in Long Beach, CA

Executive Commentary

“Our journey in 2022 was marked by many significant strides forward but also some humbling setbacks. While we made progress on our technical and execution goals, we fell short of our commercial contract goals,” said Christie Obiaya, who in February 2023 was appointed by Heliogen’s Board of Directors to succeed Bill Gross as Heliogen’s Chief Executive Officer.

Ms. Obiaya continued, “Upon stepping into the CEO role last month, I have been taking swift action with a renewed focus on growing sales through improving our product-market fit; on deployment of our commercial scale projects; and on extending our cash runway. We’ve already made meaningful progress on these initiatives, and we will continue to execute on this roadmap.”

Fourth Quarter 2022 Financial Results

For the fourth quarter 2022, Heliogen reported total revenue of $4.7 million and net loss of $35.0 million. Heliogen’s net loss was driven primarily by the growth of Heliogen’s operations to support its commercial-scale demonstration agreement with Woodside, including personnel costs such as a non-cash share-based compensation expense of $8.2 million and a non-cash asset impairment charge of $6.9 million. Heliogen’s Adjusted EBITDA, which excludes the non-cash share-based compensation expense and other impacts, was negative $25.8 million for the fourth quarter 2022.

Full Year 2022 Financial Results

For the full year 2022, Heliogen reported total revenue of $13.8 million and net loss of $142.0 million. Heliogen’s net loss was driven primarily by a non-cash share-based compensation expense of $42.6 million, the recognition of a provision for contract losses of $33.8 million and a non-cash asset impairment charge of $6.9 million, partially offset by non-cash, remeasurement impacts of $13.9 million related to our warrants. Heliogen’s Adjusted EBITDA, which excludes these and other impacts, was negative $81.0 million for full year 2022.

As Heliogen focuses on growing its revenue backlog, progressing its commercial projects and reducing its cost structure, the Company has decided not to issue financial guidance at this time.

Conference Call Information

The Heliogen management team will host a conference call to discuss its fourth quarter and full year 2022 financial results on Wednesday, March 29, 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.