Heliogen completes merger with Zeo Energy
On August 8, 2025, Heliogen merged into Zeo Energy, becoming its subsidiary. Stockholders receive 0.9591 Zeo shares per Heliogen share.
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Energy technology company providing dispatchable solar power and heat
heliogen.comLast updated
In short: Heliogen completed its merger with Zeo Energy after reporting 2024 net income and cutting costs.
On August 8, 2025, Heliogen merged into Zeo Energy, becoming its subsidiary. Stockholders receive 0.9591 Zeo shares per Heliogen share.
The May 28 merger converts Heliogen shares into Zeo Equity Class A Common Stock. Voting agreements support the deal.
The Form 10-Q was filed on May 7, 2025. It is available in PDF, Excel, and XBRL formats via the investor relations site.
The company reported a net income of $32.5 million for 2024, driven by contract adjustments. Heliogen also canceled the Capella Project and reduced operational expenses.
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