Breaking through the cost barrier in solar steam

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Security Type
Common Stock
Technology, Industrial
Min Investment
Offering Date
December 16, 2021
Expected Close Date
April 30, 2022
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Company Description

Hyperlight has developed a breakthrough low-cost concentrated solar power (CSP) technology. CSP uses the sun to make steam for industrial processes. Heavy industry is under enormous pressure to decarbonize and we offer an unprecedented low-cost platform to do it.

Key Deal Facts

$14 million-funded Flagship Product — We developed our product with funding and technology development support from the US Department of Energy, California Energy Commission, and the Southern California Gas Company RD&D Program.
Successful Projects — Hyperlight has built a 500 kilowatt thermal (kWt) demonstration project, held a groundbreaking ceremony for 1.5 megawatt thermal (MWt), first commercial facility, entered into an MOU with an independent oil company for a 5 MWt project, and initiated a project with an early-stage technology company to showcase the world's first integration of CO2 Direct Air Capture (DAC) technology with solar process heat.
Hyperlights vision is to be the largest CSP company in the world in five years. We have commercial traction and a pipeline of 150 MWt of project opportunities in the next 12 to 24 months. A successful close and execution of this pipeline will get us closer to that goal. The investment we seek now enables this scaling and allows investors to participate in this scale-up success.

Management Team / Advisory Board Bios

John King
Co-Founder, CEO
John D. H. King is a seasoned veteran in Business Development and R&D. He has broad and deep experience in multiple industries with a focus on cleantech. His experience spans all areas of organizational management. Mr. King has won and managed over $14 million in contracts and investment from Fortune 500 utility companies, government agencies and private investors.

Nicholas Kramer
Co-Founder, VP Engineering
Product technical lead
Co-inventor of technology
Caltech B.S.

Cory Cunningham
Proven leader with 10+ year track record in EPC (engr, procure, construct), operations, manufacturing, and financial leadership for client companies. Unique successes in profitably capturing and executing multi-million dollar complex projects to drive client success.

- Focus Functions: Engineering, Procurement, Construction, Operations, and Financial Management.

- Key Industries of Expertise: Real Estate (Residential and Commercial), Utilities (Water, Electrical, Gas), Manufacturing, Government Contracting.

- Core Principles: Integrity, Discipline, Teamwork.

Michael Mazaika
Member of the Board of Directors
Amount Raised : $347,083
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Security Description

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