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 Mar 31, 2026, the latest employee count at Heliogen is 41.

Is Heliogen a funded company?

Heliogen is a funded company, having raised a total of $111M across 8 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 $***** Series B round on Jun 08, 2021, with participation from 4 investors.

What is the annual revenue of Heliogen?

Annual revenue of Heliogen is $23.2M as on Dec 31, 2024.

Where does Heliogen rank among its competitors?

Heliogen ranks 5th amongst 775 active competitors, of which 141 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Stargate Hydrogen, which secured an undisclosed amount in Jul, 2025.

Who are the top competitors of Heliogen?

Heliogen's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Stargate Hydrogen secured the most recent funding round in July, 2025.

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

Key Metrics

Founded Year

2013

Location

Pasadena, United States

Stage

Acquired

Total Funding

$111M in 8 rounds

Latest Funding Round

Series B, Jun 08, 2021, $*****

Investors

Prime Movers Lab & 24 more

Ranked

5^th among 775 active competitors

Annual Revenue

$23.2M as on Dec 31, 2024

Employee Count

41 as on Mar 31, 2026

Similar Companies

SoHHytec & 22 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	Documents
HELIOGEN, INC. CIN: 1840292 , United States, Active	Feb 13, 2023	$23.2M (As on Dec 31, 2024)	144 (As on Dec 31, 2023)	-
Edisun Microgrids, Inc. CIN: 0001593780 , United States, Active		$1.48M (As on Apr 30, 2018)	14 (As on Apr 30, 2018)	-

Heliogen got acquired by Zeo Energy on May 29, 2025. It was facilitated by Piper Sandler, Ellenoff Grossman & Schole, Pickering Energy Partners and 1 more.

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

Heliogen has raised a total funding of $111M over 8 rounds. Its first funding round was on Dec 09, 2013. Its latest funding round was a Series B round on Jun 08, 2021 for $*****. 4 investors participated in its latest round. Heliogen has 21 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 08, 2021	9952927	Series B	2293065	3852561	3842094	3213569
Nov 16, 2020	3187350	Grant (prize money)	6340335	5301985	6750848	DOE
2020	4623	Series A	7292	4039	Prime Movers Lab	3253

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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 41 employees as of Mar 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	Producer and supplier of renewable and green hydrogen for various applications	$96.9M	Mitsui, Noria & 12 others	73/100
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 of renewable energy solutions including offshore wind, solar, and bioenergy	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Verdagy 2021, Moss Landing (United States), Series B	Provider of electrolyzers for hydrogen production	$98M	Shell Ventures, Temasek & 17 others	66/100
5th	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	ArcelorMittal, Reform Ventures & 23 others	66/100
6th	Stargate Hydrogen 2020, Tallinn (Estonia), Series A	Manufacturer of alkaline electrolyser stacks and containerised hydrogen production systems	$56.3M	UGI, SmartCap & 3 others	65/100
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	65/100
9th	ITM Power 2001, Sheffield (United Kingdom), Public	Manufacturer of electrolysers for green hydrogen production using proton exchange membrane technology	-	Herald Investment Management, Government of Western Australia ... & 14 others	65/100
10th	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	65/100