The florida-based solar developer Zeo Energy Corp. has taken over heliogen, a concentrated solar-power-tower specialist, that combines distributed PV expertise with solar technology on tools.
ZEO Energy, a Florida-based supplier of residential solutions for solar energy and energy efficiency, has completed his acquisition of heliogen, a specialist in concentrated solar energy.
The merger creates a platform for clean energy about overstring residential, commercial and utility -end markets. Zeo Energy said it is planning to set up a division aimed at long -term energy generation and storage for commercial and industrial scale facilities, including AI and Cloud Computing Data Centers.
Heliogen develops and installs modular concentrated solar power plants that use AI to lead exactly mirrors that are called heliostats after a collection tower. It also uses an autonomous system to install heliostats with a high level of location for location and to clean and maintain the system.
The concentrated solar energy system of the company creates heat, steam and electricity through concentrated sunlight. The collection tower of heliogen is able to reach temperatures of more than 1,000 C.
“The strong balance of heliogen reinforces our current competitive positioning, while the long -term energy storage technology also varies our income flows in attractive and growing markets, including energy solutions behind the meter for data centers,” said Tim Bridgewater, Chief Executive Officer of Zeo Energy.
ZEO Energy is publicly traded on the Nasdaq -fair with the Zoo stock card. Heliogen went publicly through a special acquisition company in 2022.
Piper Sandler & Co. acts as a financial adviser and Ellenoff Grossman & Schole LLP acted as a legal adviser to ZEO Energy. Pickering Energy Partners acted as a financial adviser and Cooley LLP acted as a legal adviser to Heliogen. The deal closed on August 8, 2025.
ZEO Energy said his affiliated financing, which has so far provided more than $ 44 million in financing of clean energy tax, can be used for future heliogenic utility scale and long -term energy storage projects.
According to the merger agreement, the security holders of Heliogen received shares of the ordinary shares of Zoos class-A with a value of approximately $ 10 million in the total, based on a normal share price of ZOO class A of approximately $ 1.59 per share.
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