Zeo Energy Corp. Completes Acquisition of Heliogen, Inc.
Zeo Energy Corp. (Nasdaq: ZEO) has completed its acquisition of Heliogen, Inc., a provider of on-demand clean energy technology solutions. The all-stock transaction brings approximately $13.6 million in net cash to Zeo Energy and creates a new division focused on long-duration energy generation and storage for commercial and industrial-scale facilities.
The strategic acquisition expands Zeo's capabilities from residential solar solutions to include commercial and utility-scale markets, particularly targeting high-demand users like AI and cloud computing data centers. Heliogen's common stock (OTCQX: HLGN) ceased trading on August 8, 2025, as the company became a subsidiary of Zeo Energy.
Zeo Energy Corp. (Nasdaq: ZEO) ha completato l'acquisizione di Heliogen, Inc., fornitore di soluzioni tecnologiche per l'energia pulita on demand. L'operazione interamente in azioni apporta a Zeo Energy circa 13,6 milioni di dollari di cassa netta e d脿 origine a una nuova divisione dedicata alla generazione e allo stoccaggio di energia a lunga durata per impianti commerciali e industriali di grande scala.
Questa acquisizione strategica amplia l'offerta di Zeo, che da soluzioni fotovoltaiche residenziali si estende ora ai mercati commerciali e utility, focalizzandosi in particolare su utenti ad elevato consumo come i data center per intelligenza artificiale e cloud computing. Le azioni ordinarie di Heliogen (OTCQX: HLGN) hanno cessato le contrattazioni l'8 agosto 2025, poich茅 la societ脿 猫 diventata una sussidiaria di Zeo Energy.
Zeo Energy Corp. (Nasdaq: ZEO) ha completado la adquisici贸n de Heliogen, Inc., proveedor de soluciones tecnol贸gicas de energ铆a limpia bajo demanda. La transacci贸n, 铆ntegramente en acciones, aporta a Zeo Energy aproximadamente 13,6 millones de d贸lares en efectivo neto y crea una nueva divisi贸n centrada en la generaci贸n y el almacenamiento de energ铆a de larga duraci贸n para instalaciones comerciales e industriales a gran escala.
La adquisici贸n estrat茅gica ampl铆a las capacidades de Zeo, que pasa de ofrecer soluciones solares residenciales a abarcar mercados comerciales y a escala de servicios p煤blicos, con un enfoque especial en usuarios de alta demanda como los centros de datos de IA y computaci贸n en la nube. Las acciones ordinarias de Heliogen (OTCQX: HLGN) dejaron de cotizar el 8 de agosto de 2025, al convertirse la compa帽铆a en subsidiaria de Zeo Energy.
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鞚措矆 鞝勲灥鞝� 鞚胳垬搿� Zeo電� 欤缄卑鞖� 韮滌枒甏� 靻旊（靺橃棎靹� 靸侅梾鞖� 氚� 鞙犿嫺毽嫲 攴滊 鞁滌灔鞙茧 靷梾 氩旍渼毳� 頇曥灔頃橁矊 霅橃棃瓿�, 韸鬼瀳 AI 氚� 韥措澕鞖半摐 旎错摠韺� 雿办澊韯办劶韯� 臧欖潃 瓿犾垬鞖� 靷毄鞛愲ゼ 瓴儱頃╇媹雼�. Heliogen鞚� 氤错喌欤�(OTCQX: HLGN)電� 2025雲� 8鞗� 8鞚茧秬搿� 瓯半灅臧� 欷戨嫧霅橃棃鞙茧┌, 須岇偓電� Zeo Energy鞚� 鞛愴殞靷皜 霅橃棃鞀惦媹雼�.
Zeo Energy Corp. (Nasdaq: ZEO) a finalis茅 l'acquisition de Heliogen, Inc., fournisseur de solutions technologiques d'茅nergie propre 脿 la demande. La transaction int茅gralement en actions apporte 脿 Zeo Energy environ 13,6 millions de dollars de tr茅sorerie nette et cr茅e une nouvelle division d茅di茅e 脿 la production et au stockage d'茅nergie longue dur茅e pour des installations commerciales et industrielles 脿 grande 茅chelle.
Cette acquisition strat茅gique 茅tend les capacit茅s de Zeo, qui passe des solutions solaires r茅sidentielles aux march茅s commerciaux et 脿 l'茅chelle des services publics, en ciblant notamment les utilisateurs 脿 forte demande comme les centres de donn茅es pour l'IA et le cloud computing. Les actions ordinaires de Heliogen (OTCQX: HLGN) ont cess茅 d'锚tre cot茅es le 8 ao没t 2025, la soci茅t茅 茅tant devenue une filiale de Zeo Energy.
Zeo Energy Corp. (Nasdaq: ZEO) hat die 脺bernahme von Heliogen, Inc., einem Anbieter von bedarfsgerechten Technologien f眉r saubere Energie, abgeschlossen. Die rein aktienbasierte Transaktion bringt Zeo Energy rund 13,6 Mio. USD an Nettobarmitteln und f眉hrt zur Gr眉ndung einer neuen Sparte f眉r langdauernde Energieerzeugung und -speicherung f眉r gewerbliche und industrielle Gro脽anlagen.
Mit dieser strategischen Akquisition erweitert Zeo seine Kompetenzen von Wohn-Photovoltaik hin zu kommerziellen und versorgungsrelevanten M盲rkten, mit besonderem Fokus auf stark nachfragende Nutzer wie KI- und Cloud-Computing-Rechenzentren. Die Stammaktien von Heliogen (OTCQX: HLGN) wurden am 8. August 2025 vom Handel genommen, da das Unternehmen zur Tochtergesellschaft von Zeo Energy wurde.
- Acquisition brings $13.6 million in net cash to Zeo Energy
- Expansion into commercial and industrial-scale markets through new division
- All-stock transaction structure preserves cash resources
- Strategic entry into high-demand data center market
- Acquisition of Heliogen's intellectual property and technical talent
- Potential stock dilution from all-stock transaction
- Integration risks combining residential and commercial operations
- Execution challenges entering new market segments
Insights
Zeo Energy's acquisition of Heliogen expands its reach from residential to commercial/industrial markets, diversifying revenue streams while adding $13.6M cash.
Zeo Energy Corp has completed its previously announced acquisition of Heliogen, Inc., expanding beyond its residential solar focus into commercial and industrial-scale energy solutions. This all-stock transaction (plus cash for fractional shares) brings approximately
The strategic rationale centers on diversification and vertical integration. By establishing a new division focused on long-duration energy generation and storage, Zeo can now address high-energy-consumption markets like AI and cloud computing data centers. This represents a significant expansion from their core residential solar business into potentially higher-margin commercial applications.
The transaction structure as an all-stock deal preserves Zeo's cash position while immediately adding Heliogen's
For Heliogen shareholders, the deal provides liquidity through Zeo's Nasdaq-listed shares, as Heliogen's shares have now ceased trading on the OTCQX. The involvement of established financial advisors (Piper Sandler for Zeo and Pickering Energy Partners for Heliogen) suggests the transaction terms likely reflect fair market valuations.
This acquisition creates a vertically integrated clean energy platform spanning residential to utility-scale markets. By adding commercial capabilities to its residential base, Zeo can now pursue cross-selling opportunities and offer end-to-end solutions to a broader customer base, potentially driving operational synergies across its expanded business units.
Acquisition Creates New Division within the Company, Providing Long-Duration Energy Generation and Storage For Commercial And Industrial-Scale Facilities
NEW PORT RICHEY, Fla., Aug. 11, 2025 (GLOBE NEWSWIRE) -- (Nasdaq: ZEO) (鈥淶eo,鈥� 鈥淶eo Energy,鈥� or the 鈥淐ompany鈥�), a leading Florida-based provider of residential solar and energy efficiency solutions, today announced that it has completed its acquisition of (鈥淗eliogen鈥�), a provider of on-demand clean energy technology solutions (the 鈥淗eliogen transaction鈥�).
Moving forward, Zeo plans to leverage Heliogen鈥檚 solutions, brand, intellectual property, capital, and technical talent to establish a division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including artificial intelligence (AI) and cloud computing data centers. The transaction is expected to create a robust clean energy platform spanning residential, commercial, and utility-scale markets, supported by internal financing capabilities and domain expertise.
鈥淗eliogen offers innovative, cost-effective energy storage options that are especially valuable for high-demand users like data centers,鈥� said Tim Bridgewater, CEO of Zeo Energy. 鈥淭his combination complements our existing residential operations while also further expanding our reach into massive end markets. From individual homes to large industrial energy systems, Zeo now offers a comprehensive and diversified platform for scaled, next-generation energy storage.鈥�
Transaction Information
The consideration paid by Zeo Energy in the Heliogen transaction consisted entirely of shares of Class A common stock of Zeo Energy (and in the event of any fractional shares, cash in lieu of any fractional shares). In addition to the foregoing expected benefits of the Heliogen transaction, Zeo Energy received upon its closing, approximately
Additional Information about the Heliogen transaction is filed by Zeo Energy in its reports and statements filed with the U.S. Securities and Exchange Commission (鈥�SEC鈥�), including in its Current Reports on Form 8-K with the SEC and its other periodic reports. These are available for Zeo Energy at www.sec.gov.
With the completion of the transaction, shares of Heliogen鈥檚 common stock, which traded on the OTCQX under the symbol 鈥淗LGN,鈥� ceased trading thereon, upon Heliogen becoming a subsidiary of Zeo Energy as of August 8, 2025.
Advisors
Piper Sandler & Co. acted as financial advisor and Ellenoff Grossman & Schole LLP acted as legal counsel to Zeo Energy. Pickering Energy Partners acted as financial advisor and Cooley LLP acted as legal counsel to Heliogen.
About Zeo Energy Corp.
Zeo Energy is a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. Zeo Energy focuses on high-growth markets with limited competitive saturation. With its differentiated sales approach and vertically integrated offerings, Zeo Energy, through its Sunergy business, serves customers who desire to reduce high energy bills and contribute to a more sustainable future. For more information on Zeo Energy, please visit .
About Heliogen, Inc.
Heliogen is a renewable energy technology company that provides solutions for delivering cost-effective, low-carbon energy production around the clock. By combining commercially proven solar technologies with thermal systems and storage expertise, Heliogen supports customers in achieving a practical transition to cleaner energy. For more information about Heliogen, please visit .
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the future financial performance of the Company; the ability to effectively consolidate the assets of Heliogen and produce the expected results; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this news release, and current expectations, forecasts, and assumptions, and involve a number of judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company's actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the outcome of any legal proceedings that may be instituted against the Company or others; (ii) the Company's success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iii) the Company's ability to maintain the listing of its common stock and warrants on Nasdaq; (iv) limited liquidity and trading of the Company's securities; (v) geopolitical risk and changes in applicable laws or regulations, including tariffs or trade restrictions; (vi) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vii) operational risk; (viii) litigation and regulatory enforcement risks, including any relating to the Heliogen transaction and/or the diversion of management time and attention and the additional costs and demands on the Company's resources; (ix) expected benefits of the Heliogen transaction to Zeo Energy or generally, and any availability or use of cash relating to such transaction; (x) the Company's ability to effectively consolidate the assets of Heliogen and produce the expected results; and (xi) other risks and uncertainties, including those included under the heading "Risk Factors" in the Company's Registration Statement on Form S-4 filed with the SEC on July 2, 2025, its Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.
In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this news release represent the views of the Company as of the date of this news release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this news release.
Zeo Energy Corp. Contacts
For Investors:
Tom Colton and Greg Bradbury
Gateway Group
For Media:
Zach Kadletz
Gateway Group
FAQ
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