Super Bullish on Heliogen for a 2-5 year play. They are positioned well to expand into the changing energy market. Manufacturing facility in Long Beach should be completed towards the beginning of the fourth quarter. They also are starting their Woodside project in the Mojave desert. This project is receiving $50 million in funding from Woodside who is an Australian power company along with $38 million from a US government grant.
A lot of people are against concentrated solar because of the Ivanpath facility in Nevada. What people don’t get is the first year it was operational it only produced 40% of the energy projected but they eventually got that up to 97%.
Heliogen will produce at a fraction of the cost of anything done before. This is because they are doing a module design that is installed by an AI robot and cleaned by the same robot. Most concentrated solar facilities have been built site-specific and use huge expensive mirrors. They haven’t been businesses but more projects. Heliogen is establishing itself as a business that can do thousands of projects.
They also use highly advanced AI to track and position the mirrors. Because of this they don’t really have to do groundwork to prep a site for installation. That also saves huge amounts of costs.
At a $423M market cap it has so much room to grow. Could easily se wit going to $10B. Right now only $2.23 a share. If it goes to $10B market cap that will be around $50 a share.
I just upped my position today.
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