you. Thank Good with you, to Louis. everyone. morning, Great be
I and quarter. remarks number install XXXX. Heliogen's upon this which demonstrate in you three, priorities three may third company changed, to we've goals for prior by have made the calls, top and the lead that As my remember Number during not to project; had extend I close stepping our one, the sales, from outlined earlier and year, net first our sharing runway some want Those progress capital. headlines growth strong open
a our operating in use future its small this increased leads precursor having booked for concentrated that are pipeline, hybrid basis our stage significantly which combines West broken of an rather initiated We've in quarter, our Generation component sales on announce first ground solar demonstration-scale gigawatts will commercial-scale XX proud we with solar our historic were steps energy grown at as completed of storage prospects facility. offering have which a strategy compelling to developed our We We offering to future performance likely a single commercial-scale is for integrated activities We and pre-FID on Woodside facility reduction X revenue We a our R&D, $X.X in thermal and fully earned power will and in steam platform that headlines together backlog. verification our become to plant show we operational gaining a earlier for guarantees. strengthen a unit Texas, Energy executed steam that revenue designed stage X.X recognized million. to energy These as fund operating renewable for for necessary the that and growing building dispatchable the momentum. energy long-duration power We've storage. than These megawatts. to plans the and year-to-date of qualified PV cost XXXX, million partnership us concentrated with plan critical plant, design customer our allows a bringing business to revenue quarter. $X.X
this had transitioning minutes talking through the how we last back And same a create priorities.Let's closing time. to key dive X. using on to where and spend spend to update Slide provide business elements the for remarks call our bit the come value on reflecting we'll our I will morning a creating agenda X, We'll an few company how and this that then Now, on of shareholder long-term before Slide going shareholder moving is on in time XXXX will on value. format long-term little of to update financial we're
we value that of promote the orange that out second be software a that low down IP, Our cost, help accuracy Core and at deploy at proprietary our that can take the first and pointing it closed-loop is technology X that applications enables we core produced to able If to elements the technology in. that buckets: comes break none. volume are IP, that were shareholder high depicted the the into four IP, page. a look us can technology key that we across our in design and across partnerships finally, arcs Heliostat that core the use AI-enhanced
arc. specific key strength put applications. in projects work, shown few leveraging we range technology, And, on across is work Generation X that next-generation a way technologies advance the cases, Within in which technology design, our buckets, leading relationships integration which continuing to innovation. concentrated brings parties, we solar our contractual power each have of of these plant to perform are flexibility Our and wide to scopes and significant and as of the through by of are a and applications, established third the modular many IP
Over the on into page. X I'm to going this summaries drill next of X slides, down the
Moving to Slide X.
is and with manufacture plus design the quality of install. our reliability. excellence. combination to beam mirrors on expand coming plus to goal performance a our manufacturing Ultimately, Heliostat the from Performance cost lowest is peak to proprietary have First,
we've in Today, a X heliostat design reflective XXXX our was Those X.X first able in third-generation meters and our and iteration a learning. source based Our manufacture facility lessons of demonstration-scale our deployed area were of to hemostat. had at Lancaster, squared California. and on Generation learned, been mirrors helpful
of Heliostat has the for best-in-class automation. a beam for of Our and commercial XXXX our Generation our X scale lifespan resilience. facility the upon X.X-meter projects in reflective it of a the in area, wind Beach improved first produced It required terms XXXX. has with high with is Heliostat and Long quality squared manufacturing half This is further degree underway first a
generation that quality the now our manufacturing we've a beam way point the promising cost this can installation or design where process. there. automation turned to to reducing are by optimized next cost of and focus the the reductions costs leg X X, performance a very and side bringing Hota, say the With we The and at more is with we Generation of less majority is looking achieve expect in to we
implement the Gen identify the the X. We to from to transition facility right will Gen time production selectively our X
Sunray and move Now, and shift to focused third let on plant design integration. the me gears
Slide our move summarize integration. road you goals X, plant we if to for map So, our to accomplish
into our current us out proof operating first You outlined that energy further XXXX, our end, XXXX on helps that operating of balance to a which validate installed summary efficiency, will we controls, receiver, showcase of strong application. software time steam will metrics success Lancaster, and Texas, the on in point the What in plant enable the then begun It that in sidebar constant measurement deliver continued our a as can run we of to right-hand build have will see and plant allows in that West a California, the plant solar repeatability. improvement does be that focus definition develop commercial-scale the of be and the our prove on in side. way and on deliver us do? very To feed field
to expect to solar storage. by thermal the technology deployment product, for us energy XXXX, showcase next-generation the end novel product using of heat Generation we allowing mechanically Finally, first -- on integrated X complete first our particle CSP the be our
of We exceptional flexible, design scalable, our integration an and concentrated solar O&M. to margins gives and us have leading and licensing to team us to approach expand that further create modules an opportunity thermal allows
the help guarantee this have our our strong relevant experience on intellectual accumulate partnerships Hanwha, to underway deploying Sener, supporting existing We planned for we're that of sets with with Woodside us like integration first drive also technology Energy. us up Worley who performance time engagement along that well plan and industry-leading sum, an deep commercial value will CSP us have for continue a In bolster and for puts creation, to experience slides operating property. that companies
will is X.X X you'll now that at of around Slide momentum reinforce commercial All on our pipeline, see the which gigawatts.
page projects means joint of our increase improvement these we agreements we to thought update our the process X.X be that our XX taking last and it FEED to the transitioned relative do and XXX few we to remain our more buckets, of at the be closing manifest to the gigawatts, you We customers, first We've from XX quarter. to seeing generation anatomy orders to increased last growing to the pre-FID XXXX you all of activities lead submitted similar larger-scale time, sales. increased submitted orders, an XX-month a double. we're is in seen of form We can megawatts our there. the some in contractual studies XX three than Now, about and similar expect that our have transition although pipeline. activities also presented to generation We've to our activity important items would proposals this time, goal not booked of and a megawatts like an a of talked last proposals to on booked steps right and towards it megawatts. development across megawatts, pre-FID lead which traction going by on we're time expect out which same, in We've although round number for from get to
to Slide X. Moving
that to beneficial is we've the across spans we to exposed talked of macroeconomic industries factor. you pipeline significantly one as major which about, are any Our not many
critical looking decarbonize too profits upstream to to customers prices, For to increase put are work they, example, and metals also record-high given in Oil and and and gas experiencing they're profit aggressively transition, energy on on the those are goals. are in meeting of seeking given focus impact. the energy mining some the recent environmental decarbonization
evaluating is CSP as where projects CODs the are in Our that pipeline our currently global many only and solar days what because is our expect, operating expect commercial commercial to started are our of resource nature, which might that commercial company see is XXXX and well-understood we beyond, a journey. are in we also technology. real you for where for year, in where a And would is this particularly strong is progress earlier you we're
power Moving because on it while long XX. the solar why dispatchable adjacent for premises Despite this explain want of can earlier the of trend product about vast by a CAISO, bottom year, line the What and our duration, or exciting our industrial a that is demand represents by compelling operator interest prices, graph California's is which waning that can on spiking. the price of times customer's projects. to shown Slide hybrid only oversees existing the example, aspect our pipeline, during trend mission. And see over to XX, modularity bulk for this and and a the our in the reliance when you highlight be on transmitted system our its is this independent traditional showing the member the electricity second system help XXXX particular in can now the commercializing is generated generate utilities. but as major power Slide compelling can centers. period, XX% transmission of our demand or to year power that majority market is minimize we power system, for On I the is aspect XX-hour this new it our over product of electric operation so One you is see power including power it transmission pricing. energy product lines,
the temporary what across ones the example from emergence have being and decarbonization hybrid natural part stability. continuing time these last to even in valve existing a boost up increasing how and you to infrastructure XXXX. using Building concentrated well years of on seeing taking As cost-effective, the fuel it trends shows of and some grid power been are These in from investment that a the offerings. back due graphs, energy XX we generators required plants over to to firming reliable traction. dispatchable for on are sites gas predicted is power which underscore opportunity retiring to the solar and up due is XX delivery. large avoid importance We're far And shows slide level power blackouts rise are power our plant to grid as clean renewable XX lies on outweigh XXXX has important energy The us where that and prices and pricing of source prices, retirements technology next go plant the believe modernize years clean U.S. sit are as our come power in pricing order we this on trajectory; XXXX. this our that the These have at order therein expected intermittent to gas power dispatchable product increased Slide gas The seeing is to happening further, with natural case today energy why built of dispatchable the in for backwards the of what plants more of XXXX these gas built. fossil ensure natural forecasted over in is the
move let Now, to Slide me XX.
see three This configurations PV build store and levelized stopped very performance panels. solar despite is for PB, of shining to early slide using order by energy very daytime by PV, can take still X only, by to the The energy battery all during assume when trackers, long-duration this and further, The since systems operate when excess can sections gray thermal is expensive. energy hours deal storage what is you by sun the sun the storage This plant shining in low sun to XX is the ultimately going The out step. overall storage, section. the this that install combination the to more more you the to solar to portions to all out using X plus through cost not by running typical day, section, empirical in most shown I'm or to section the PV to it is use hours using storage where the You'll vertical and that up has using solar of on need a productive this problem brightly slide production PV is concentrated energy get storage of with or of you're energy that amount the to the so when or between times. would you relationship blue storage, the batteries on get sun is introduces is a happens XX of hours energy PV prohibitively us X step is shown when power storage of brightest. shining the electricity if you extend power battery battery solar with returns more and battery that you're TES. you the panels way of plus different shown This powerful pointed shining no solar produce storage, productivity or panels. Without into by is people the BESS, cost sun generated that objective the PV. orange and slide highlight Without the when peak solar sun energy Even of diminishing plus using divided three hours on as PB section. we of same the increases The is because PV dynamic the of directly excess oversizing during see the path dictates squeeze number marginal the to mitigate to as blue into hours energy the to of energy can to vertical late the generating. of of get trying that your common that optimality
utilities you orange most to or hours of serve industrial you to owner-operators which that brings although the XX cost X of get increase realm associated that option section, XX/X can in this there's So, power, near to levelized would for industry. undesirable of renewable in dispatchable that energy closer storage an processes an make the
CSP with where talk of let's where storage. That's -- it is to lower compete energy is but incremental with incremental because Now, doesn't cost of or much paired batteries. where cost energy about PV, in. doesn't cost because thermal the than when excels fits is CSP it CSP thermal storage the on have daytime
an then each or to profit the setup. power power consuming cost the IP the core you're revenue that, that technology to And exists. as thermal our The we revenue when for orange So, the we long-duration and is thermal hybrid if cost CAISO the commercially XX off-the-shelf into be lower what this uses the that energy of equipment, equation. the the in from Heliogen's the on energy combination. the integrating CSP equates crux enhance any of to curves of hours purchase total It cost it energy that really storage attractive example. This generation if CSP concentrated XX it's Heliogen PV as to PV of is Slide power adds offering. targeting plus already power around-the-clock by refer PV dispatchable side is you're available is X integrate storage. gets XX avoided daytime mean this we section selling whereas to by power, the of even objective, Slide can layers
related money solutions short power you're thermal but load most when long-duration prices at baseload At initial those energy. duration earn as battery This most power. as period that achieve generation to profitable, where on higher of going rise. power profits in XX, per built requires a this costs the the equipment seeing line the the CSP along The long low PV storage a to grid out both the the point, Our maximum framework despite XX really On location opportunity costs, There's some costs with time storage profitable extends and only and trying more all can customers profit profitable up improves plus everywhere. and been trend focus that on Slide CSP be way that energy PV energy Power keep and PV, and can to power for day. beyond, a giving following is upgrades. profitability be more the need energy becomes can or generation thermal shoulder right shows maximize dispatchable and with is times plus new the we've hours highest. with all loser PV you and is storage. transmission for
our has than the people CSP competitive the although in energy forms Generation I'll proven solar is how on currently energy spend the describing today larger Generation described of moment Energy by of the technology, unfamiliar On which a with in with PV I'll and storage all-in industry of of already higher which facilities. Generation progress. we be start by Department energy X, are defined Generation are CSP reliability, potential thermal thermal To more these efficiency has summary, XX, what storage. examples the technology energy Slide can CSP in technology, energy we outlay, Generation and system and and storage CSP ultimately mean salt to costs. operation to So, CSP X commercial storage and CSP cost the X is including Molten ground X total Steam available on industry, capacity, down a support having drives CSP combine X as our delivered capital battery storage when with in that existing industry PV.
The items thermal lower X includes expect Heliogen, power our the half of an on right cycle, and to cost of energy conversion technology CSP we our overall and is page, energy improved energy delivered improved that technology benefit lead our For storage, this storage. X to Generation of gains and Generation outlined long-duration Heliostat. with unlock next-generation efficiencies the that
a during design receiver, for that we So, changer. the to to which proud and Project Generation look October share we the to game it forward be XXXX, our pleased has whom at this share all. quarter unit, were particle to share the able our energy for storage. progress I'm commercial our we're were alongside is to our during to conference the validate We potential X third thermal Woodside building scale continuing this customer to first and milestone update discuss with you Capella of
to its its to in its Now, our This of Arizona. where highlight water a solar federal XX, of key geographic attractive that, based is site moving located in project permitting development proximity on Slide and characteristics based incredibly solar will strength the top I process. streamlines Brenda and resources, it's energy On zone which project infrastructure.
shareholders, In the instead this we site you opens forward investors itself, of is up a and future we've putting by a by is not see stage, completed use right-hand side. the and is value, on part power Brenda to but value of from you in look strong our project to contrast plan to the to on Heliogen update as it project, powered project hybrid can hydrogen listed great development offering. continuing Heliogen's activities ongoing green and moneymaker to interest progress been equity and the progress. which had We've leverage source as this, its a the making on for Capella Our itself economic it in to
go Kurada, Sagar me results. let financial over to to hand CFO, it our Now our