06:35 AM EDT, 08/11/2025 (MT Newswires) -- Zeo Energy Corp. ( ZEO ) said Monday it completed its purchase of Heliogen, a provider of clean energy technology.

The company will use Heliogen's technology, brand, and staff to create a unit for long-duration energy generation and storage serving industrial facilities and data centers, while expanding its reach across residential, commercial, and utility-scale markets, it said.

The transaction was paid entirely in class A common stock and included about $13.6 million in net cash from Heliogen, Zeo said.

Shares of Heliogen ceased trading on the OTCQX on Aug. 8 after it became a Zeo unit, the company said.