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Heliogen, a leading provider of AI-enabled concentrating solar energy technology, reported a strong first quarter in 2024 with a $76.2 million contracted revenue backlog and a 1.9 GW opportunity pipeline. The company also announced progress on their first commercial-scale project in west Texas and ongoing efforts to secure additional contracts. Heliogen’s revenue for the quarter was $1.5 million with a net loss of $15.2 million.