Hyperlight (Equity)
Funding Details
- Awarder
- StartEngine
- Date Award
- June 13, 2024
- Vertical
- Concentrated Solar Power (CSP)
- Funding URL
- View Funding Page
- Premoney Valuation
- $45,010,000
- Valuation
- $45,010,000,000,000
- Funding Amount:
- $374,303,190,000
Company Info
- Founding Year
- Not provided
- Traction
- None
- Organizations Involved
- United States Department of Energy, California Energy Commission, Southern California Gas Company, National Renewable Energy Laboratory (NREL)
- Founders
- John King, Nicholas Kramer, Michael Mazaika
- Company Description
- Hyperlight has developed a breakthrough low-cost concentrated solar power (CSP) technology – Hylux™. They have signed a contract to demonstrate a world-first application of this technology to decarbonize oil production at the well site while storing solar energy in geological formations. Their technology aims to provide cost-effective renewable solutions for industrial process heat and power generation with long-duration energy storage.
- Market
- Renewable Energy
- Location
- San Diego, CA, US
- Coinvestors
- None