Industry: Utilities Renewable

Sector: Utilities

Heliogen, Inc., a renewable energy technology company, operates in decarbonizing industry with concentrated sunlight. It is developing a solar solution utilizing computer vision software to align an array of mirrors, reflecting sunlight to a target on the top of a tower. Its artificial intelligence enabled modular system delivers renewable energy in the form of heat, power, or hydrogen fuel. The company's solutions include HelioHeat, a carbon-free, ultra-high temperature heat to power heavy industrial processes, including the making of cement, steel, and petrochemicals; HelioPower that provides power made from sunlight using supercritical CO2 turbines to power industrial facilities, data centers, and mining operations; and HelioFuel that offers clean fuels, such as green hydrogen that is used to power industry and as fuel in transportation, heavy equipment, and household heating. The company was formerly known as Edison Microgrids, Inc. and changed its name to Heliogen, Inc. in November 2019. The company was founded in 2013 and is headquartered in Pasadena, California.

Heliogen, Inc. is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.