Heliogen Awarded Exclusive Right to Lease Brenda Solar Energy Zone for Green Hydrogen Production
09 February 2022 - 3:57AM
Business Wire
Heliogen, Inc. (“Heliogen” or the “Company”) (NYSE: HLGN), a
leading provider of AI-enabled concentrated solar energy, today
announced that the United States Bureau of Land Management has
awarded the Company the exclusive right to lease land in the Brenda
Solar Energy Zone (SEZ).
Heliogen intends to develop a green hydrogen facility on the
Brenda site, capable of producing approximately 20,000 metric
tonnes of hydrogen per year. The Brenda SEZ is situated on 3,343
acres of land in La Paz County, Arizona on the California border.
The site has direct access to Interstate 10 for distribution of
hydrogen to nearby natural gas pipelines for blending and
transport, as well as to the Phoenix metropolitan area and the Port
of Los Angeles for domestic and international shipping.
“The Brenda SEZ is an ideal location for commercial-scale green
hydrogen production due to the ample local water supply and its
close proximity to potential offtake partners and key distribution
channels,” said Bill Gross, Chief Executive Officer of Heliogen.
“We look forward to providing updates on our plans to develop the
facility and will leverage our proprietary, AI-enabled concentrated
solar power technology to produce cost-effective green hydrogen. We
are grateful to the Bureau of Land Management for their support and
clarity throughout the process and are looking forward to
continuing our work together.”
As previously announced, Heliogen and Bloom Energy successfully
generated green hydrogen by integrating the companies’ technologies
– Heliogen’s concentrated solar energy system and Bloom Energy’s
Electrolyzer. The successful hydrogen production demonstration in
Lancaster, California, completed in November 2021, showcased the
many benefits of combining the companies’ complementary green power
and hydrogen production technologies.
Heliogen’s AI-enabled concentrated solar energy system is
designed to create non-intermittent, carbon-free steam,
electricity, and heat from sunlight. When combined with Bloom
Energy’s proprietary solid oxide, high-temperature electrolyzer,
hydrogen can be produced 45 percent more efficiently than with
low-temperature polymer electrolyte membrane (PEM) and alkaline
electrolyzers. Electricity accounts for nearly 80 percent of the
cost of hydrogen produced from electrolysis, and by using less
electricity, hydrogen production is more economical, accelerating
its adoption. In addition, the ability to use heat, which is a much
lower cost source of energy than electricity, further improves the
economics of green hydrogen production.
Project development is one of the many ways Heliogen can support
customers looking to deploy its novel solar technology. Heliogen
leverages its in-house expertise, led by Chief Commercial Officer
Tom Doyle, to develop project sites on behalf of customers who take
an owner/operator role.
About Heliogen
Heliogen is a renewable energy technology company focused on
eliminating the need for fossil fuels in heavy industry and
powering a sustainable future. The company’s AI-enabled, modular
concentrated solar technology aims to cost-effectively deliver near
24/7 carbon-free energy in the form of heat, power, or green
hydrogen fuel at scale – for the first time in history. Heliogen
was created at Idealab, the leading technology incubator founded by
Bill Gross in 1996. For more information about Heliogen, please
visit Heliogen.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220208005606/en/
Heliogen Media Contact: Cory Ziskind ICR, Inc.
HeliogenPR@icrinc.com
Heliogen Investor Contact: Caldwell Bailey ICR, Inc.
HeliogenIR@icrinc.com
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