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Heliogen, Inc. (NYSE: HLGN) has announced a project agreement with Woodside Energy to deploy a 5 MWe commercial-scale solar energy facility in Mojave, California. This initiative follows a $39 million funding award from the U.S. Department of Energy for the project, which aims to enhance energy efficiency. Additionally, a collaboration agreement has been signed to market Heliogen's technology in Australia. This partnership aligns with Woodside's $5 billion investment target in new energy solutions by 2030, supporting a shift towards lower carbon energy sources.
Heliogen has made notable progress in its collaboration with Woodside Energy (USA) Inc., a subsidiary of Woodside Petroleum Ltd., focusing on AI-enabled solar technology. The partnership has received a Limited Notice To Proceed (LNTP) for a 5 MW demonstration facility in California, set to use Heliogen's cutting-edge concentrated solar technology. A joint marketing strategy for the technology in the US and Australia is also planned. CEO Meg O'Neill emphasized the collaboration's importance in achieving lower-carbon energy solutions.
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