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Zeo Energy Corp. Joins Russell Microcap® Index
Globenewswire· 2025-06-30 20:05
NEW PORT RICHEY, Fla., June 30, 2025 (GLOBE NEWSWIRE) -- Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a leading Florida-based provider of residential solar and energy efficiency solutions, today announced that it has joined the Russell Microcap® Index following the conclusion of the 2025 Russell US Indexes annual reconstitution, effective after the US market open on June 30. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30 ...
Zeo Energy Corp. Reports First Quarter 2025 Financial Results
Globenewswire· 2025-06-16 20:05
NEW PORT RICHEY, Fla., June 16, 2025 (GLOBE NEWSWIRE) -- Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo”, “Zeo Energy”, or the “Company”), a Florida-based provider of residential solar and energy efficiency solutions, today reported financial results for the first quarter ended March 31, 2025. Recent Operational Highlights Entered into a definitive agreement to acquire Heliogen, a provider of on-demand clean energy technology solutions, allowing the company to establish a division focused on long-duration energy gene ...
Avista issues all-source request for proposals for new energy and capacity resources along with Demand Response
Globenewswire· 2025-05-30 17:30
Core Insights - Avista is seeking proposals to add energy and capacity, including distributed energy resources, to meet projected resource needs and address peak demand through a Demand Response program [1][4]. Group 1: RFP Details - The all-source RFP aims to meet capacity needs of up to 415 MW for winter and 425 MW for summer in Washington and Idaho [2]. - Avista may include repowering and/or self-build resources in the RFP and is utilizing an Independent Evaluator for the process [2]. Group 2: Resource Needs - Avista's 2025 Electric Integrated Resource Plan indicates a need for new electric resources to meet growing customer demand and comply with the Clean Energy Transformation Act (CETA) for carbon-neutral electric supply by 2030 [3]. - The company is committed to acquiring at least 5 MW of Demand Response starting in 2026, which provides a cost-effective solution for peak energy demand [5]. Group 3: Proposal Requirements - The RFP is open to parties that own, propose to develop, or hold rights to resources that meet Avista's energy and capacity requirements, with minimum eligibility criteria outlined in the RFP [4]. - Hybrid proposals combining clean energy, capacity, and/or storage are encouraged, but proposals for Renewable Energy Certificates (REC) only will not be accepted [5]. Group 4: Timeline and Company Overview - Responses to the RFP are due by June 30, 2025, with instructions available on Avista's website [6]. - Avista Utilities serves 422,000 electricity customers and 383,000 natural gas customers across a service territory of 30,000 square miles, covering parts of eastern Washington, northern Idaho, and parts of Oregon, with a total population of 1.7 million [6].
Zeo Energy Corp. Reports Fourth Quarter and Full Year 2024 Financial Results
Globenewswire· 2025-05-27 12:30
Core Insights - Zeo Energy Corp. reported a challenging year in 2024 for the solar industry but remains optimistic about future opportunities and growth strategies [3][4] - The company aims to acquire renewable energy assets to enhance market share and has successfully integrated Lumio's assets acquired in November 2024 [3][7] Financial Performance - Total revenue for 2024 was $73.2 million, a 33.2% decrease from $109.7 million in 2023, primarily due to higher interest rates affecting residential solar sales [6][8] - The company reported a net loss of $9.9 million in 2024 compared to a net income of $4.8 million in 2023, largely due to stock compensation and increased operational costs [8][22] - Adjusted EBITDA for 2024 was $2.0 million, down from $7.0 million in 2023, reflecting the impact of the challenging market environment [8][22] Quarterly Highlights - In Q4 2024, total revenue was $18.6 million, an 18.9% decrease from $23.0 million in Q4 2023, attributed to the ongoing effects of higher interest rates [6][14] - Gross profit for Q4 2024 decreased to $11.2 million (60.1% of total revenue) from $12.7 million (55.1% of total revenue) in Q4 2023, driven by lower sales [14] - Adjusted EBITDA for Q4 2024 increased to $3.1 million (16.8% of total revenue) from approximately $(0.9) million in Q4 2023, indicating improved operational efficiencies [14][15] Operational Developments - The company completed the integration of Lumio's assets, which is part of its market expansion strategy [7] - Zeo secured $4.0 million in December 2024 to develop a year-round sales force, aiming to enhance its market presence and growth trajectory [7] Market Positioning - Zeo Energy focuses on high-growth markets with limited competitive saturation, utilizing a differentiated sales approach to serve customers seeking energy efficiency solutions [11]
394号文落地:全国统一电力现货市场格局加速成型
Sou Hu Cai Jing· 2025-05-06 02:51
以山东为例,其现货市场通过设定合理价格限值、建立容量补偿机制,已在2023年迎峰度夏期间验证了市场保供能力——高峰电价激励煤电增 发270万千瓦,独立储能顶峰放电能力充分释放,用户侧移峰电量达200万千瓦。 分布式储能将迎来爆发式增长,尤其是工业园区、数据中心等高耗能场景。 例如,西北地区的储能项目可通过省间通道向东部缺电省份放电,优化资源配置。 据预测, 2025年国内新型储能装机规模将突破80GW,现货市场建设将带动万亿级投资涌入储能、电力IT、智能电网等领域。 1、发电侧:从"计划电量"到"市场博弈" 2、用户侧:从"被动接受"到"主动决策" 以广东为例,其2025年电力交易规模预计达6500亿千瓦时,其中年度交易规模3800亿千瓦时,采用"基准价+上下浮动20%"的灵活定价机制。 以湖北、浙江等先行省份为例,工商业储能项目的静态回收期有望缩短至5-6年。 3、新兴主体:虚拟电厂、储能的"制度红利" 上海某虚拟电厂平台已接入1.2GW可调资源,通过参与实时市场实现年收益超5000万元。 1、发电企业:从"产量思维"转向"报价策略" 2、用户企业:从"成本中心"到"价值创造" 3、储能企业:从"政策套利" ...
New PG&E Service Offering Makes It Easier and Faster to Connect EV Chargers, EV Fleets and Big Batteries to the Grid
Prnewswire· 2025-04-28 17:10
Flexible Service Connection allows customers with controllable power needs to connect to the grid without waiting for upgradesOAKLAND, Calif., April 28, 2025 /PRNewswire/ -- As more people in California buy electric cars and commercial fleets transition to EVs, the need grows for more places to charge them.Pacific Gas and Electric Company has installed more than 6,300 EV charging ports throughout Northern and Central California through its infrastructure programs, and PG&E has come up with a new way to even ...
Zeo Energy Corp. Receives Nasdaq Notice on Late Filing of its Form 10-K
Globenewswire· 2025-04-18 20:05
Core Points - Zeo Energy Corp. received a notice from Nasdaq indicating non-compliance with periodic filing requirements due to the late submission of its Annual Report on Form 10-K for Fiscal Year 2024, which was due by March 31, 2025 [1][2] - The company has been given 60 calendar days to submit a plan to regain compliance, with a potential extension until October 13, 2025, if the plan is accepted [2] - Zeo Energy is actively working to complete its Fiscal Year 2024 10-K and expects to maintain compliance with SEC reporting obligations following timely submissions of subsequent filings [3] Company Overview - Zeo Energy Corp. is a Florida-based provider of residential solar, distributed energy, and energy efficiency solutions, focusing on high-growth markets with limited competition [4]
Itron Surges 16% in Past Year: Can the Stock Sustain This Momentum?
ZACKS· 2025-04-01 13:40
Itron Inc (ITRI) stock has proved resilient amid a volatile market environment with a 16.3% gain in the past year. Strong market demand related to grid resiliency, grid capacity, safety and automation is driving demand for ITRI's solutions. ITRI outpaced estimates in each of the trailing four quarters, with the average surprise being 40.8%. It has outperformed its Electronic Test Equipment industry's decline of 8.5% and, the Zacks Computer and Technology sector and the S&P 500 composite's growth of 3.8% and ...