Heliogen

Closed (deSPAC)

Energy · concentrated solar power technology

What it is: A private company in energy preparing to list via a SPAC merger. Full profile in progress.
What it’s doing now: Merging with Athena Technology Acquisition Corp. (ATHN) — closed (despac).
What you should know: The deal carries a $29M minimum-cash condition — heavy redemptions can break it.

Profile in progress — we only publish what we can verify in filings, and for this company that work isn’t finished. Identity and deal facts above are current; business detail, financials and peers will appear as the filings are parsed.

What the company says about itself

Web research — not audited

Heliogen is an energy technology company specializing in unlocking the power of the sun for cost-effective, reliable, and dispatchable low-carbon power and heat. They provide solutions including concentrated solar, photovoltaics, and molten salt thermal energy storage to decarbonize industries such as food & beverage, mining, transportation, chemicals, metals manufacturing, and oil & gas.

Markets:: Energy | Food & Beverage | Mining & Mineral Processing | Transportation | Chemicals | Metals Manufacturing | Oil & Gas
Products:: Concentrated Solar | Photovoltaics | Molten Salt Thermal Energy Storage | Green Hydrogen | Green Steam | Hybrid PV + CSP System | Dispatchable Power | Low-Carbon Heat & Steam

What our web check found

[WEB-INTEL 2026-08-26] 4 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "the business combination is expected to close on December 30, 2021." [https://www.heliogen.com/press-releases/athena-technology-acquisition-corp-announces-stockholder-approval-of-business-combination-with-heliogen-inc/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "ATHN, which has an estimated trust value of $10.00" [https://www.spacinsider.com/news/market-intel/athena-tech-shareholders-approve-heliogen-deal] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "on the day of its December 23 redemption deadline" [https://www.spacinsider.com/news/market-intel/athena-tech-shareholders-approve-heliogen-deal] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Athena Tech and Heliogen initially announced their $2 billion combination on July 7." [https://www.spacinsider.com/news/market-intel/athena-tech-shareholders-approve-heliogen-deal]

Source: https://www.heliogen.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Heliogen is merging with Athena Technology Acquisition Corp. (ATHN) currently marked Closed (deSPAC).

Headline equity value	—
PIPE	≈ $165M · unsourced
Minimum cash to close	$29M

Structure per SEC accession(s) 0001213900-21-040855, 0001213900-25-063331. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Heliogen going public?

Heliogen has an approved merger with the SPAC Athena Technology Acquisition Corp. (ATHN). Deal status: Closed (deSPAC).

Does Heliogen have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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Hecate Energy Group — with EGHA ($800M)
KEO Energy — with CUB

Same sponsor’s other SPACs

SUAC — ShoulderUP Technology Acquisition Corp. · Closed (deSPAC)