- $73 million contracted revenue backlog driven by a diverse set of projects ranging from Generation 3 concentrated solar power («CSP») to green hydrogen to sustainable aviation fuel
- Recognized revenue of $2.3 million, bringing year-to-date revenue to $5.6 million
- Ended the quarter with $91.6 million in available liquidity
- 1.8 gigawatts («GW») in opportunity pipeline, an increase of over 1.0 GW since August 2023
- Initiated construction in October 2023 on the steam plant in the Permian Basin after executing a land lease in Plains, TX
- Developed and executed on an $8 million annual operating cost reduction plan in October 2023, forecasted to fund both investment and operating needs of through the end of 2024
- Completed design verification of the particle receiver for the world’s first fully integrated Generation 3 CSP plant and deployed it for on-sun testing
is a renewable energy technology company focused on decarbonizing industry and empowering a sustainable civilization. The company’s concentrating solar energy and thermal storage systems aim to deliver carbon-free heat, steam, power, or green hydrogen at scale to support round-the-clock industrial operations. Powered by AI, computer vision and robotics, is focused on providing robust clean energy solutions that accelerate the transition to renewable energy, without compromising reliability, availability, or cost.