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Why Heliogen's Business Model is so successful?

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Heliogen’s Company Overview


Heliogen, Inc. is an innovative clean energy company headquartered in Pasadena, California. Founded by Bill Gross in 2013, the company aims to harness the power of sunlight to replace fossil fuels. Heliogen utilizes advanced computer vision software to align a large array of mirrors to reflect sunlight onto a single target, generating extreme heat that can be used for various industrial processes. The company's technology is designed to achieve temperatures above 1,000 degrees Celsius, significantly higher than the capability of traditional solar power plants. Heliogen's mission is to create, store, and distribute solar thermal energy, with the potential to revolutionize multiple industries, including cement, steel, and petrochemicals, by reducing their carbon emissions. Heliogen's business model revolves around providing renewable energy solutions to industrial companies. The company offers its proprietary technology to these businesses, enabling them to drastically reduce their reliance on fossil fuels for heat-intensive processes. Heliogen's technology not only helps companies to decrease their environmental impact but also to lower their energy costs. The company partners with industrial businesses, offering them the technology and services necessary to convert their operations to solar energy. In terms of its revenue model, Heliogen primarily generates income through the sale and installation of its advanced solar thermal technology. The company also earns through long-term service agreements for the maintenance and optimization of the installed systems. Additionally, Heliogen plans to monetize the carbon capture capability of its technology. By capturing and storing carbon emissions, the company can generate carbon credits, which can be sold to other companies seeking to offset their own carbon footprints. This multi-faceted revenue model positions Heliogen at the forefront of the clean energy industry, offering a sustainable and economically viable alternative to traditional energy sources.

https://www.heliogen.com/

Country: California

Foundations date: 2013

Type: Private

Sector: Energy & Utilities

Categories: Energy


Heliogen’s Customer Needs


Social impact:

Life changing:

Emotional: provides access

Functional: reduces cost, quality, informs


Heliogen’s Related Competitors



Heliogen’s Business Operations


Credits:

A credit arrangement is when a consumer purchases items on credit (without paying cash) and spends the provider later. Typically, trade credit is extended for a certain number of days after the products are delivered. These credits may be deducted from one's tax liability.

Best in class services:

When a firm brings a product to market, it must first create a compelling product and then field a workforce capable of manufacturing it at a competitive price. Neither task is simple to perform effectively; much managerial effort and scholarly study have been dedicated to these issues. Nevertheless, providing a service involves another aspect: managing clients, who are consumers of the service and may also contribute to its creation.

Corporate innovation:

Innovation is the outcome of collaborative creativity in turning an idea into a feasible concept, accompanied by a collaborative effort to bring that concept to life as a product, service, or process improvement. The digital era has created an environment conducive to business model innovation since technology has transformed how businesses operate and provide services to consumers.

Licensing:

A formal agreement in which the owner of the copyright, know-how, patent, service mark, trademark, or other intellectual property grants a licensee the right to use, manufacture, and sell copies of the original. These agreements often restrict the licensee's scope or area of operation, define whether the license is exclusive or non-exclusive, and stipulate whether the licensee will pay royalties or another kind of compensation in return. While licensing agreements are often used to commercialize the technology, franchisees also utilize them to encourage the sale of products and services.

Sustainability-focused:

Companies that manufacture fast-moving consumer goods and services and are committed to sustainability do ecological impact assessments on their products and services. While research-based green marketing needs facts, green storytelling requires imagination and location. Employees responsible for the brand definition and green marketers collaborate with product and service designers, environmental groups, and government agencies.

Technology trends:

New technologies that are now being created or produced in the next five to ten years will significantly change the economic and social landscape. These include but are not limited to information technology, wireless data transmission, human-machine connection, on-demand printing, biotechnology, and sophisticated robotics.

Energy:

Energy development is an area of study concerned with adequate primary and secondary energy sources to satisfy society's requirements. These activities include those that promote the development of conventional, alternative, and renewable energy sources and the recovery and recycling of energy that otherwise would have been squandered.

Product innovation:

Product innovation is the process of developing and introducing a new or better version of an existing product or service. This is a broader definition of innovation than the generally recognized definition, which includes creating new goods that are considered innovative in this context. For example, Apple launched a succession of successful new products and services in 2001?the iPod, the iTunes online music service, and the iPhone?which catapulted the firm to the top of its industry.

Solution provider:

A solution provider consolidates all goods and services in a particular domain into a single point of contact. As a result, the client is supplied with a unique know-how to improve efficiency and performance. As a Solution Provider, a business may avoid revenue loss by broadening the scope of the service it offers, which adds value to the product. Additionally, close client interaction enables a better understanding of the customer's habits and requirements, enhancing goods and services.

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