Core Viewpoint - Zeo Energy Corp. has successfully completed the acquisition of Heliogen, Inc., enhancing its capabilities in clean energy technology solutions [1][4]. Group 1: Acquisition Details - The acquisition of Heliogen was executed entirely through shares of Zeo Energy's Class A common stock, with Zeo receiving approximately $13.6 million in net cash from Heliogen at closing [4][6]. - Heliogen has ceased trading on the OTCQX as it has become a subsidiary of Zeo Energy as of August 8, 2025 [6]. Group 2: Strategic Plans - Zeo Energy intends to utilize Heliogen's technology, brand, and expertise to create a division focused on long-duration energy generation and storage, particularly for commercial and industrial applications, including AI and cloud computing data centers [2][3]. - The acquisition is expected to establish a comprehensive clean energy platform that spans residential, commercial, and utility-scale markets, supported by Zeo's internal financing capabilities and domain expertise [2][3]. Group 3: Company Background - Zeo Energy is a Florida-based provider of residential solar and energy efficiency solutions, focusing on high-growth markets with limited competition [8]. - Heliogen specializes in renewable energy technology, offering cost-effective, low-carbon energy production solutions by integrating solar technologies with thermal systems and storage expertise [9].
Zeo Energy Corp. Completes Acquisition of Heliogen, Inc.