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

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