Heliogen Achieves Key Milestone on Project Funded with up to $50M from Woodside and $39M from U.S. Department of Energy
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Tuesday, May 3, 2022
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Heliogen expects to recognize approximately $80 million in total revenue from Woodside and the U.S. Department of Energy for the project over a multi-year period.
Key Points:
- Heliogen expects to recognize approximately $80 million in total revenue from Woodside and the U.S. Department of Energy for the project over a multi-year period.
- Hanwha and Heliogen have entered into an agreement for the production and delivery of the power block for the Mojave, California demonstration project.
- This development milestone further demonstrates Heliogens momentum through commercial, technological and governmental partnerships, said Bill Gross, Founder and Chief Executive Officer of Heliogen.
- The support of the U.S. Department of Energy is also critical in moving technologies like ours into commercial deployment phase.