PASADENA - Heliogen, Inc. (OTCQX: HLGN), a company specializing in concentrating solar energy technology, has named Apurba Das as its new Chief Technology Officer. The announcement came today as the company continues to focus on the deployment of its zero-carbon concentrating solar power (CSP) solutions.
Das, who joined the Heliogen team in 2021, previously held the role of Vice President of Engineering for Process and Power Systems. In his new capacity as CTO, he will oversee the plant design and engineering of Heliogen's CSP technology deployments. These deployments include the company's primary commercial offering, which integrates CSP with solar photovoltaic and thermal energy storage. Additionally, Das will take charge of research and development (R&D) efforts, a role formerly led by Steve Schell, Heliogen's ex-Chief Scientist. Schell's departure from the company was described as a mutual decision.
Prior to his time at Heliogen, Das held leadership positions at Kairos Power and GE Renewable Energy, where he was involved in the design and development of thermal power technologies. He holds a Ph.D. in Mechanical Engineering from Case Western Reserve University, and dual degrees in Mechanical Engineering from the Indian Institute of Technology.
Das's appointment comes at a pivotal time for Heliogen as it seeks to address renewable energy intermittency challenges and provide scalable clean energy solutions. The company's technology is aimed at delivering carbon-free heat, steam, power, or green hydrogen, and is powered by artificial intelligence, computer vision, and robotics.
Heliogen's CEO, Christie Obiaya, expressed confidence in Das's technical leadership and the role it will play in the company's commercialization journey. Meanwhile, Das himself stated his enthusiasm for leading the team towards large-scale technology deployment.
The information for this article is based on a press release statement. Heliogen's forward-looking statements are subject to various risks and uncertainties, and the company cautions readers not to place undue reliance on these statements. The company does not intend to update or revise these forward-looking statements unless required by law.
InvestingPro Insights
As Heliogen, Inc. (OTCQX: HLGN) appoints Apurba Das as its new Chief Technology Officer, investors may benefit from additional context provided by InvestingPro data and tips.
According to InvestingPro data, Heliogen's market capitalization stands at a modest $9.3 million, reflecting its current position as a small-cap company in the renewable energy sector. This aligns with the company's focus on developing and commercializing its concentrating solar power technology.
An InvestingPro Tip indicates that analysts anticipate sales growth for Heliogen in the current year. This expectation could be tied to the company's efforts to deploy its zero-carbon CSP solutions and the potential impact of Das's leadership in technology development and commercialization.
However, another InvestingPro Tip reveals that Heliogen is quickly burning through cash. This information is particularly relevant given the company's focus on R&D and technology deployment, which often require significant capital investments in the renewable energy sector.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for Heliogen, providing a deeper understanding of the company's financial health and market position.
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