Energy and sustainability executive brings more
than two decades of financial, strategic, and capital markets
experience to support business growth
Heliogen, Inc. (NYSE: HLGN) (the “Company”), a leading provider
of AI-enabled concentrating solar energy technology, today
announced the appointment of Sagar Kurada as Chief Financial
Officer and Head of Strategy, effective immediately. Mr. Kurada
succeeds Kelly Rosser, who has served as interim CFO since February
2023. Ms. Rosser will continue in her role as Chief Accounting
Officer.
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Sagar Kurada (Photo: Business Wire)
Mr. Kurada brings more than two decades of experience and
expertise in industrial decarbonization and renewable energy with a
proven track record of developing and implementing financial growth
strategies for disruptive sustainability-driven companies. In his
role at Heliogen, he will work closely with the Company’s
management team, board of directors, and the recently announced
Corporate Strategy Committee to lead the finance organization,
drive business growth, and execute on the Company’s mission of
industrial decarbonization.
Prior to joining Heliogen, Mr. Kurada served as Chief Financial
Officer at Newlight Technologies, Inc., a privately held
biotechnology company converting air and greenhouse gas into
biomaterials, where he led initiatives around the company’s
financial, operations, growth planning, and market responsiveness
strategies. Previously, he served as Chief Financial Officer of Eos
Energy Enterprises, Inc. (Nasdaq: EOSE), a leading provider of long
duration energy storage systems, where he oversaw Eos’ entry to
public markets and led the company’s finance organization including
accounting and controllership, financial planning and analysis,
tax, investor relations, and treasury. Prior to joining Eos, Mr.
Kurada held Chief Financial Officer roles with HighTower Advisors
and in multiple GE operating entities, and he also worked in the
private equity consulting practice at FCM. He has led multiple
significant equity and debt financing rounds to support business
growth. Mr. Kurada holds a Bachelor of Science from Rensselaer
Polytechnic Institute and an MBA from Columbia Business School.
“Heliogen is at the forefront of solving the critical challenge
of providing affordable, reliable clean energy to industry through
deployment of their innovative concentrating solar thermal energy
technology, and I am excited to join at a time of significant
opportunity for the company,” said Mr. Kurada. “Christie and the
entire Heliogen team have made significant commercial progress in
recent months. I look forward to working alongside this driven
group of individuals on the company’s mission to help industry
achieve net zero emissions and execute its global growth
strategy.”
“We are pleased to welcome Sagar Kurada, an accomplished CFO and
corporate leader with deep expertise across finance, strategy, and
operations in the renewable energy and decarbonization space,” said
Christie Obiaya, Chief Executive Officer, Heliogen. “I am confident
we will benefit from his valuable perspectives as we execute on our
strategic plan and tackle the key pillars of our business strategy.
I want to thank Kelly Rosser, who has played a critical role over
the past five months in leading the finance organization while
we’ve worked to deliver value and opportunity for our company and
shareholders.”
About Heliogen
Heliogen 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, Heliogen is focused on
providing robust clean energy solutions that accelerate the
transition to renewable energy, without compromising reliability,
availability, or cost. For more information about Heliogen, please
visit heliogen.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements that are not historical in nature, including
the words “anticipate,” “expect,” “suggests,” “plan,” “believe,”
“intend,” “estimates,” “targets,” “projects,” “should,” “could,”
“would,” “may,” “will,” “forecast” and other similar expressions
are intended to identify forward-looking statements. These
forward-looking statements include, but are not limited to,
statements regarding Heliogen’s executive transition and Heliogen’s
future financial and operating performance. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) our financial and
business performance, including risk of uncertainty in our
financial projections and business metrics and any underlying
assumptions thereunder; (ii) changes in our business and strategy,
future operations, financial position, estimated revenues and
losses, projected costs, prospects and plans; (iii) our ability to
execute our business model, including market acceptance of our
planned products and services and achieving sufficient production
volumes at acceptable quality levels and prices; (iv) our ability
to maintain listing on the New York Stock Exchange; (v) our ability
to access sources of capital to finance operations, growth and
future capital requirements; (vi) our ability to maintain and
enhance our products and brand, and to attract and retain
customers; (vii) our ability to scale in a cost effective manner;
(viii) changes in applicable laws or regulations; (ix) developments
and projections relating to our competitors and industry; and (x)
our ability to protect our intellectual property. You should
carefully consider the foregoing factors and the other risks and
uncertainties disclosed in the “Risk Factors” section in Part I,
Item 1A in our Annual Report on Form 10-K for the annual period
ended December 31, 2022 and other documents filed by Heliogen from
time to time with the Securities and Exchange Commission. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Heliogen assumes no obligation and does not intend
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise.
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Heliogen Media: Cory Ziskind ICR, Inc.
HeliogenPR@icrinc.com Heliogen Investor: Louis Baltimore
Louis.Baltimore@heliogen.com
Heliogen (NYSE:HLGN)
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Heliogen (NYSE:HLGN)
過去 株価チャート
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