The CSP technology developer revealed two new funding rounds including an $83m bridge round backed by ArcelorMittal and Edison International.
US-based renewable energy technology developer Heliogen has secured $108m from investors including steel production and mining group ArcelorMittal and energy utility Edison International across two funding rounds.
The funding consists of a $25m series A-2 round led by Prime Movers Lab and an $83m bridge extension that included ArcelorMittal, Edison International, Ocgrow Ventures, AT Gekko, 8090 Partners and private investors Gordon Crawford and Rashaun Williams.
Heliogen has developed concentrated solar power (CSP) technology that uses computer-controlled mirrors to reflect sunlight…
