Zeo Energy Corp., a Florida-based provider of residential solar and energy efficiency solutions, has finalised the acquisition of Heliogen, Inc., a company specialising in on-demand energy generation and storage technologies. The transaction, previously announced, will allow Zeo Energy to establish a division focused on long-duration solutions for commercial and industrial facilities, including data centres using artificial intelligence and cloud computing.
A strategic portfolio expansion
The integration of Heliogen will bring Zeo Energy its portfolio of intellectual property, financial resources and technical teams. The company aims to broaden its scope, from residential installations to industrial projects and large-scale energy markets. According to the company, this combination will help build a unified platform capable of serving various market segments, from individual consumers to high-demand public and private sector operations.
Financial and operational details
The transaction was settled entirely in Class A common stock of Zeo Energy, with cash paid only for fractional shares. Upon closing, Zeo Energy also received approximately $13.6mn in net cash from Heliogen. Heliogen’s common shares, previously listed on the OTCQX market under the symbol “HLGN”, ceased trading as the company became a subsidiary of Zeo Energy on August 8, 2025.
Role of financial and legal advisors
Piper Sandler & Co. acted as financial advisor to Zeo Energy, with Ellenoff Grossman & Schole LLP serving as legal counsel. Heliogen was advised financially by Pickering Energy Partners and legally by Cooley LLP. According to filings with the United States Securities and Exchange Commission, full details of the transaction are available in regulatory reports accessible online.
