Last year, Time magazine named Heliogen’s HelioHeat technology on its list of Best Inventions of 2020. For the first time, concentrated solar energy could be used to replace fossil fuels used in industrial processes. Heliogen, backed by Gates and biotech billionaire Patrick Soon-Shiong, emerged from stealth mode in late 2019 by announcing a solar breakthrough.
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“Our goal is to deliver completely carbon free energy to Rio Tinto for less than the cost of fossil fuels and with zero emission,” Gross said.īringing carbon-free energy to nearly-century-old mine The companies say the partnership will allow Rio Tinto to cut its carbon footprint - while simultaneously slashing its energy costs. “Heliogen’s breakthrough is to make concentrated solar energy work after the sun goes down AND be cost effective compared to fossil fuel at the same time.” “It’s not that this technology was not possible before – just that it was not cost-effective,” Heliogen founder and CEO Bill Gross told CNN Business in an email. And that could go a long way in fighting the climate crisis. The partnership is a key test of whether Heliogen’s technology can truly replace fossil fuels used to power large-scale industrial operations. (RIO), the world’s second largest mining company, Heliogen’s first announced customer. Here comes $3 gas, just as Americans start traveling again (AP Photo/Steven Senne, File) Steven Senne/AP The Labor Department said Wednesday, March 10 that the February advance in its consumer price index followed a 0.3% rise in January and was the largest advance since a similar 0.4% increase in August. consumer prices increased 0.4% in February, the biggest increase in six months, led by a sharp jump in gasoline prices. 18, 2021 file photo, Jeremy Heskett, of Boston, pumps gasoline at a Shell gas station, in Westwood, Mass. That’s the kind of heat required to make cement, steel and in other industrial processes like mining that typically rely on fossil fuels to power their operations. The startup says its HelioHeat technology can create extreme heat - 1,000 degrees Celsius, or about a quarter of what’s found on the surface of the sun. The first system at Rio Tinto will be the size of about 100 footfall fields, Heliogen told CNN Business. Heliogen will use artificial intelligence and an array of 40,000 computer-vision-controlled mirrors to harness the power of the sun, almost like a smart magnifying glass. Heliogen says this will be the first concentrated solar technology used to power a mine in the United States, and perhaps the world. In a bid to bring carbon-free power to heavy industry, Heliogen announced Wednesday that mining behemoth Rio Tinto plans to deploy the startup’s breakthrough solar technology at California’s largest open pit mine, located in Boron. Heliogen, the Bill Gates-backed clean energy startup, is bringing its field of mirrors to the Mojave Desert.
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