Zeo Energy and Heliogen merge into a broad clean energy platform serving the residential, commercial, and utility-scale markets.

Zeo Energy Corp., a 118 million-dollar company with 62 million trailing dollar twelve-month revenue, has now merged with Heliogen, Inc., to form a larger clean energy processor and market to the residential, commercial, and utility customers.

With the acquisition, Zeo has integrated the company with the long-duration energy storage technology and a residential solar and storage business to help it provide clean energy solutions on multiple scales. Since the announcement of the merger, the Zeo shares increased by more than 115 percent, even though the stock had been very volatile in the previous year.

The merger aims at having elicited operational synergies in the form of cost efficiencies and the retention of leading technical and commercial talent. Financial information indicates high gross margins of 53 percent profitability and a moderate amount of debt, whereas liquidity is a factor of concern owing to the level of the current ratio of 0.75.

The concentrated solar power and energy storage company Heliogen drew the conclusion to pursue the deal after conducting a strategic review that it commenced in 2024. Dan Pickering, Pickering Energy Partners CIO, referred to the deal, declaring it a great step in the history of clean energy solutions.

The recent addition of Zeo Energy to the Russell Microcap Index also raises the visibility of the company in the market and involves a potential surge in the number of investors willing to be exposed to clean energy innovation.