Heliogen, a leading provider of AI-enabled concentrated solar energy, announced that on December 23, 2022, it received written notice from the New York Stock Exchange ("NYSE") that the average closing price of its common stock over the prior consecutive 30 trading-day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE. Heliogen intends to respond to the NYSE within ten business days of receipt of the notice of its intent to cure the deficiency. Pursuant to the NYSE's rules, Heliogen has a six-month period following receipt of the deficiency letter to bring its share price and average share price back above $1.00. During the cure period, Heliogen's shares of common stock will continue to trade on the NYSE, subject to compliance with other continued listing requirements. The NYSE notification does not affect Heliogen's ongoing business operations or its Securities and Exchange Commission reporting requirements.

New invention hailed as the "Holy Grail" of solar energy and "game changer" for the planet A Bill Gates-backed startup just announced a technological breakthrough in solar energy that could finally put fossil fuel to rest. The clean energy company Heliogen has developed a solar oven that reach temperatures a quarter as hot as the surface of the sun. That means solar energy just became powerful enough to fuel industrial processes it couldn't touch before. Until now, the extreme heat required to make cement, steel, glass and other industrial materials could not be generated efficiently by solar. But now, the scientists at Heliogen have figured out how to create a 1000-degree-celcius solar oven with a field of mirrors all aimed at a single point.

New York (CNN Business)A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. This is an existential issue for your children, for my children and our grandchildren." Essentially, Heliogen created a solar oven -- one capable of reaching temperatures that are roughly a quarter of what you'd find on the surface of the sun. The breakthrough means that, for the first time, concentrated solar energy can be used to create the extreme heat required to make cement, steel, glass and other industrial processes. In other words, carbon-free sunlight can replace fossil fuels in a heavy carbon-emitting corner of the economy that has been untouched by the clean energy revolution. "We are rolling out technology that can beat the price of fossil fuels and also not make the CO2 emissions," Bill Gross, Heliogen's founder and CEO, told CNN Business. Heliogen, which is also backed by billionaire Los Angeles Times owner Patrick Soon-Shiong, believes the patented technology will be able to dramatically reduce greenhouse gas emissions from industry. "Bill and the team have truly now harnessed the sun," Soon-Shiong, who also sits on the Heliogen board, told CNN Business. "The potential to humankind is enormous.

Like a kid burning holes in their toys using a magnifying glass, solar furnaces essentially do the same thing on a much grander scale. The larger an array of reflectors you can build, the bigger the sun-focusing lens you get. But a new startup is promising a better way to build solar furnaces using AI to reduce their footprint while boosting their power output. Even Donald Trump's solar tariffs and desire to prop up the coal industry can't stop renewable… In recent years the price of solar energy has dropped dramatically, and it's estimated that the cost of building plants like Nevada's Eagle Shadow Mountain Solar Farm, which officially begins generating power sometime in 2021, is actually cheaper than just operating existing coal or natural gas plants. Harnessing the immense energy of the sun is an obvious alternative to relying on fossil fuels to generate power, but in order to generate the temperatures needed to create molten salt, which is what solar plants like these use to create steam to turn electrical generators, temperatures of around 600 C are needed, which requires a vast array of reflectors (or heliostats), and a big chunk of land on which to install them.

The trick is the use of computer vision (aka a form of AI) to align a large array of mirrors as they reflect sunlight on a solitary target. That allows for the kind of accuracy that hasn't been possible until now. There's still a lot of work to go before the technology enters real-world use. Heliogen achieved the record heat levels the first day of its plant's operation, company founder Bill Gross told CNN. While impressive, it won't immediately translate to a practical solution.

A startup backed by billionaire Microsoft founder, Bill Gates, says a breakthrough in solar technology may revolutionize the way materials like steel and glass are created. The company, called Heliogen, says it uses artificial intelligence to help operate an array of mirrors capable of reflecting and focusing the sun's light and creating a type of solar oven. The system works so well that they report being able to create temperatures of 1,000 degrees Fahrenheit - about a quarter of the temperature found on the Sun's surface. That extreme heat is a first for solar-powered systems like Heliogens and, according to the company, could be used as an environmentally friendly way of creating crucial materials like cement, glass, and steel. As noted by CNN, Heliogen's system could drastically impact global emissions - roughly 7 percent of of C02 released into Earth's environment are from manufacturing cement alone according to the International Energy Agency.

New York(CNN Business) A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. Essentially, Heliogen created a solar oven -- one capable of reaching temperatures that are roughly a quarter of what you'd find on the surface of the sun. The breakthrough means that, for the first time, concentrated solar energy can be used to create the extreme heat required to make cement, steel, glass and other industrial processes. In other words, carbon-free sunlight can replace fossil fuels in a heavy carbon-emitting corner of the economy that has been untouched by the clean energy revolution.

New York (CNN Business)A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet. Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. This is an existential issue for your children, for my children and our grandchildren." Essentially, Heliogen created a solar oven -- one capable of reaching temperatures that are roughly a quarter of what you'd find on the surface of the sun. The breakthrough means that, for the first time, concentrated solar energy can be used to create the extreme heat required to make cement, steel, glass and other industrial processes. In other words, carbon-free sunlight can replace fossil fuels in a heavy carbon-emitting corner of the economy that has been untouched by the clean energy revolution. "We are rolling out technology that can beat the price of fossil fuels and also not make the CO2 emissions," Bill Gross, Heliogen's founder and CEO, told CNN Business. Heliogen, which is also backed by billionaire Los Angels Times owner Patrick Soon-Shiong, believes the patented technology will be able to dramatically reduce greenhouse gas emissions from industry. "Bill and the team have truly now harnessed the sun," Soon-Shiong, who also sits on the Heliogen board, told CNN Business. "The potential to humankind is enormous.