Zeo Energy Corp. announced the completion of its acquisition of Heliogen, Inc., a provider of on-demand clean energy technology solutions. This transaction integrates Heliogen's advanced clean storage solutions into Zeo's existing residential solar and energy efficiency platform.
The consideration for the acquisition consisted entirely of shares of Class A common stock of Zeo Energy. Upon closing, Zeo Energy received approximately $13.6 million in net cash from Heliogen through the transaction, bolstering its financial position.
With the completion of the acquisition, Heliogen's common stock ceased trading on the OTCQX market as of August 8, 2025, and the company now operates as a subsidiary of Zeo Energy. Zeo plans to leverage Heliogen's technology, brand, intellectual property, capital, and technical talent to establish a new division focused on long-duration energy generation and storage for commercial and industrial-scale facilities, including data centers.
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