When was Heliogen founded?

Heliogen was founded in 2013 and raised its 1st funding round within a year of its incorporation.

Where is Heliogen located?

Heliogen is headquartered in Pasadena, United States.

How many employees does Heliogen have?

As of Sep 30, 2026, the latest employee count at Heliogen is 34.

Is Heliogen a funded company?

Heliogen is a funded company, having raised a total of $111M across 9 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 09, 2013.

When was the latest funding round of Heliogen?

Heliogen's latest funding was a $***** Grant (prize money) round on Jun 23, 2025, with participation from 1 investor.

What is the annual revenue of Heliogen?

Annual revenue of Heliogen is between $10M and $50M as on Dec 31, 2024

Where does Heliogen rank among its competitors?

Heliogen ranks 41st amongst 933 active competitors, of which 149 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Hygenco, which secured $105M in Jun, 2026.

Who are the top competitors of Heliogen?

Heliogen's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Hygenco secured the most recent funding round in June, 2026.

Heliogen - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Producer of hydrogen and syngas using sunlight. It uses AI-controlled concentrating solar thermal technology for thermal energy storage. It offers a technology that captures sunlight from an array of computer-controlled heliostats and converts it into hydrogen and syngas. It uses AI-controlled concentrating solar thermal technology for thermal energy storage.

Website: heliogen.com
Social
Email ID: *****@heliogen.com
Phone Number: +1 **********
Part Of

Key Metrics

Founded Year

2013

Location

Pasadena, United States

Stage

Acquired

Total Funding

$111M in 9 rounds

Latest Funding Round

Grant (prize money), Jun 23, 2025, $*****

Investors

Prime Movers Lab & 25 more

Ranked

41^st among 933 active competitors

Annual Revenue

$10M - $50M as on Dec 31, 2024

Employee Count

34 as on Sep 30, 2026

Similar Companies

SoHHytec & 33 more

Exit Details

Acquired by Zeo Energy (May 29, 2025)

View Heliogen's full profile

Heliogen is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Edisun Microgrids, Inc. CIN: 0001593780 , United States, Active		$1M - $10M (As on Apr 30, 2018)	14 (As on Apr 30, 2018)	-
HELIOGEN, INC. CIN: 1840292 , United States, Active	Feb 13, 2023	$10M - $50M (As on Dec 31, 2024)	144 (As on Dec 31, 2023)	-

Heliogen got acquired by Zeo Energy on May 29, 2025.

Click here to take a look at Heliogen's acquisition in detail

Heliogen has raised a total funding of $111M over 9 rounds. Its first funding round was on Dec 09, 2013. Its latest funding round was a Grant (prize money) round on Jun 23, 2025 for $*****. 1 investor participated in its latest round. Heliogen has 22 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Heliogen:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 23, 2025	1861372	Grant (prize money)	1698748	4651039	4596556	7743992
Jun 08, 2021	9399529	Series B	3616370	6165667	3340453	Edison & 1 more
Nov 16, 2020	6417377	Grant (prize money)	4623136	8409643	9852413	DOE

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View details of Heliogen's funding rounds and investors

The founders of Heliogen is Bill Gross.

Here are the details of Heliogen's key team members:

Bill Gross: Former Founder of Heliogen.

View details of Heliogen's Founder profiles and Board Members

Heliogen's employee count trend

Heliogen has 34 employees as of Sep 26. Here is Heliogen's employee count trend over the years:

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Top competitors of Heliogen include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of Heliogen, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lhyfe 2017, Nantes (France), Public	Manufacturer of renewable hydrogen produced through water electrolysis and electricity	$96.9M	Mitsui, Noria & 12 others	71/100
2nd	Nel Hydrogen 1927, Oslo (Norway), Acquired	Manufacturer of electrolyser technology for renewable hydrogen production and related services	-	Vermögensclub, Defense.gov & 4 others	70/100
3rd	Orsted 2006, Fredericia (Denmark), Acquired	Developer and operator of offshore wind farms and energy assets	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Avaada Group 2009, Mumbai (India), Series A	Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions	$879M	GPSC, Brookfield Asset Management & 9 others	66/100
5th	Hygenco 2020, Gurugram (India), Series C	Provider of green hydrogen and green ammonia production and distribution solutions	$130M	IFC, Neev Fund & 9 others	66/100
6th	Sunfire 2010, Dresden (Germany), Series E	Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems	$487M	Lightrock, Inven Capital & 37 others	66/100
7th	Abengoa 1941, Seville (Spain), Public	Provider of energy and water & waste management services	-	EIG Global Energy Partners, First Reserve ... & 4 others	65/100
8th	H3 Dynamics 2015, Singapore (Singapore), Series B	Provides aerial inspection services using drones	$39M	ACA Investments, Sumitomo Mitsui Banking Corporation ... & 13 others	64/100
9th	H2PRO 2019, Caesarea (Israel), Series B	Developer of technology for producing hydrogen from water	$180M	Temasek, ArcelorMittal & 24 others	64/100
10th	GH2 Solar 2013, Noida (India), Series A	Provider of solar EPC and green hydrogen solutions	$9.09M	AARTH AIF, LC Infra Projects & 11 others	64/100
41st	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	ArcelorMittal, Kima Ventures & 24 others	53/100