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  "documentTitle": "Heliogen | Results Presentation Deck | 17 slides",
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  "authorName": "Heliogen",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Efforts Underway to Reduce Net Loss\nClass 2 estimate was $168 million, $53 million higher than prior estimate, driven by labor and commodity cost inflation and non-recurring development\nThe goal will be to leverage the first-of-a-kind development costs across future iterations of Generation 3 CSP projects\nEfforts are underway across two important fronts:\nReduce cost through value engineering to further simplify the design\nSource additional funding through 3rd parties that support novel clean energy solutions, in collaboration with our customer Woodside Energy",
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      "text": "Recent Milestones and Achievements\nCompleted Front-End Engineering Design (\"FEED\"), resulting in an updated schedule and a Class 2 cost estimate\nBrought centrifugal particle receiver test article online, implemented and validated critical design improvements necessary for Capella scale-up\nReceived airspace approval from US Department of Defense\nCompleted design of the first commercial integrally geared sCO2 power block and procurement of all major components\nConducted multiple manufacturing trials for primary heat exchanger, leading to improved understanding of cost-effective manufacturing process",
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      "text": "© 2023 Heliogen, Inc. All Rights Reserved.",
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      "text": "Capella Project: Major Accomplishments Achieved in 2023; Efforts Underway to Reduce Net Cost",
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