Breaking through the cost barrier in solar steam

Security Type
Tech, Engineering, Clean Technology
Min Investment
Offering Date
December 16, 2021
Expected Close Date
March 17, 2022
Amount Raised
Security Price

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.

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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