Heliogen agrees 5-MWe demo challenge, broader tie-up with Woodside

March 28 (Renewables Now) – US synthetic intelligence (AI)-enabled concentrated photo voltaic specialist Heliogen Inc (NYSE:HLGN) at present stated it is going to deploy a 5-MWe module of its know-how in California beneath an settlement with Woodside Power USA Inc, a unit of Australia’s Woodside Petroleum Ltd (ASX:WPL).

As well as, the businesses will collaborate on advertising Heliogen’s know-how in Australia, and Woodside will take an fairness curiosity in Heliogen.

Heliogen founder and chief government Invoice Gross stated the challenge and collaboration agreements are a key step within the commercialisation of Heliogen’s concentrated photo voltaic know-how and the decarbonisation of heavy trade. “We’re additionally happy to share that, together with these agreements, our strategic alliance with Woodside contains Woodside taking an fairness participation in Heliogen,” Gross added. Additional particulars on this level weren’t offered.

The challenge settlement for the commercial-scale demonstration deployment of Heliogen’s know-how in Mojave, California follows a beforehand introduced restricted discover to proceed awarded by Woodside to Heliogen to start out procurement of key gear for a 5-MW electrical facility. Heliogen might be accountable the engineering, procurement and building of the ability, with constructing work set to start out upon approval of permits.

The challenge will turn into a part of Heliogen’s beforehand introduced USD-39-million (EUR 35.6bn) award from the US Division of Power to deploy its know-how in California. In consequence, it is going to additionally contain the deployment and testing of an progressive method to changing the thermal vitality into energy.

Below the collaboration settlement, the businesses will collectively market Heliogen’s know-how to potential prospects in Australia, together with Woodside. Heliogen’s warmth and energy choices could also be mixed with a hydrogen providing, bolstering Woodside’s position within the vitality transition, the corporations famous. Comparable discussions for the US are underway.

(USD 1 = EUR 0.912)

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