Heliogen went public via a SPAC merger with Athena Technology Acquisition in a $2bn deal.

Heliogen, an operator of a clean energy platform intended to eliminate the need for fossil fuels, went public via a SPAC merger with Athena Technology Acquisition in a $2bn deal. Investors in PIPE included Counterpoint Global - Morgan Stanley, Salient Partners, Saba Capital, and ArcelorMittal. "Powering the planet with renewable energy is not only critical to fighting climate change – it is also the biggest economic opportunity in history. The capital raised in this transaction will fund our accelerated growth and help us to globally scale our game changing AI-enabled concentrated solar power technology. We believe we have the potential to transform the world’s energy production and meaningfully address climate change, while delivering long-term stakeholder value. With our talented and dedicated team, a world-class Board of Directors, our strong customer and partner relationships, a growing customer pipeline, and technology that is in high demand globally, I couldn’t be more optimistic about Heliogen’s ability to deliver on our mission of replacing fossil fuels with concentrated sunlight," Bill Gross, Heliogen Founder and CEO.