Oleblue
4月前
Zeo Energy Signs MOU with Creekstone Energy to Develop 280 MW of Baseload Power for Utah AI Data Center
February 18, 2026
Zeo takes next steps to develop behind-the-meter power for large and growing AI and data center sector with Zeo's long-duration energy storage solutions
NEW PORT RICHEY, Fla., Feb. 18, 2026 (GLOBE NEWSWIRE) -- Zeo Energy Corp. (Nasdaq: ZEO) ("Zeo," or the "Company"), a provider of residential solar and commercial long-duration energy-storage solutions, today announced it has signed a memorandum of understanding ("MOU") with Creekstone Energy LLC ("Creekstone") to develop approximately 280 megawatt (MW) of baseload energy generation to support Creekstone's data center under construction in Millard County, Utah (the "Gigasite").
The MOU is evidence of Zeo's continuing steps to expand its business model by applying long-duration energy solutions to the large and growing market for energy to power cloud computing, artificial intelligence, and data centers.
The Company's strategic entrance into this market follows Zeo's August 2025 acquisition of Heliogen, Inc. that provided Zeo with long-duration energy generation and storage expertise and capabilities. As part of this initiative, Zeo is working on several other commercial long-duration energy storage projects that are in the planning and evaluation phase.
Creekstone Gigasite
Creekstone plans to provide over 300MW of gas-powered energy to data center clients at the Gigasite in the first half of 2027. Creekstone broke ground on the Gigasite in December 2025. As part of the Gigasite's early development, Creekstone has announced it will provide Blue Sky AI Inc., an AI infrastructure provider, with up to 50 megawatts of power. Creekstone plans to expand the Gigasite's power production to multiple gigawatts, to include power from Zeo's energy solutions designed to provide reliable, dispatchable electricity through solar power firmed with long-duration storage.
Activities under the MOU
Under the MOU, Zeo has begun a pre-feasibility study to determine the most energy-efficient and cost-efficient solar power and energy storage solutions for the Gigasite. Zeo's experienced engineering team is applying its expertise in thermal and chemical storage to design a solution to create firm baseload power from the intermittent power product by solar panels.
The MOU also anticipates the possibility of Zeo obtaining project financing for the solar and storage solution aspect of the project, as well as Zeo providing engineering services for the project, including Front-End Loading ("FEL") and Front-End Engineering Design ("FEED") studies and project management.
The MOU is non-binding and establishes a framework for collaboration and development without obligating either party to pursue a specific project until a definitive agreement is signed.
Nearby solar array in Millard County, Utah, similar to type contemplated for the Gigasite
Management Commentary
Tim Bridgewater, CEO of Zeo, said: "Since our acquisition of Heliogen, we have been actively seeking to apply our long-duration storage expertise to the unprecedented power demand in the data center space. Our MOU with Creekstone is a milestone in this effort, and we are in discussions with several other projects that we believe can benefit from our clean baseload power solutions. The Creekstone collaboration is an opportunity to validate the application of our expertise in renewable power generation and long-duration storage to increase power delivery for data center customers in a cost-effective, low-emissions manner. We expect our ability to access the public capital markets to provide project financing could give us a competitive edge in our business development efforts."
Ray Conley, CEO of Creekstone Energy, added: "AI workloads are driving unprecedented demand for power. At Creekstone, we plan to deliver over 600MW of baseload power to our Gigasite customers in 2027 in Phase 1 of our project. Our collaboration with Zeo reflects the market urgency of using all available energy sources to rapidly provide baseload power. With solar power and Zeo's long-duration energy storage solution, we plan to significantly expand the amount of clean power we offer our hyperscalers and artificial intelligence data center customers."
About Zeo Energy Corp.
Zeo Energy Corp. (Nasdaq: ZEO) is a diversified clean energy company providing residential, commercial, industrial, and utility-scale solutions that cut costs and carbon emissions. Based in Florida, Zeo operates Sunergy, a residential solar, distributed energy, and efficiency solutions business, in high-growth markets with limited competitive saturation. It also operates Heliogen, Inc., a long-duration energy generation and storage business designed to deliver renewable power for high-demand applications such as AI, data centers, and other energy-intensive industries. With its vertically integrated approach, Zeo helps customers with a cost-effective transition to 24/7 clean energy.
About Creekstone Energy
Creekstone Energy is developing the Creekstone Gigasite, a next-generation, multi-source power and digital-infrastructure campus in Millard County, Utah. Designed to support the unprecedented energy and cooling demands of large-scale AI computing, the Gigasite will integrate utility-scale generation, long-duration storage, advanced transmission, and industrial-grade data infrastructure. Creekstone's mission is to help secure America's leadership in artificial intelligence, clean energy development, and strategic domestic infrastructure.
Cautionary Note Regarding Forward-Looking Statements
This press release and statements of Zeo's and Creekstone's management in connection with this press release contain or may contain "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act of 1934, as amended, that are based on beliefs and assumptions and on information currently available to the Company, including regarding the Company's potential involvement in the Creekstone project as described herein. Such statements may include, but are not limited to, statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "explore," "develop," "development," "deploy," "deployment," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the development of the Gigasite project, future financial performance of the Company; the ability to produce expected results; changes in the Company's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and plans and objectives of management. These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts, and assumptions, and involve a number of significant judgments, risks, and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date, and the Company does not undertake any obligation to update such forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, the Company's actual results or performance may be materially and adversely different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the Creekstone Gigasite project may not be developed in the timelines anticipated, if at all; (ii) the outcome of any legal proceedings that may be instituted against the Company or others; (iii) the Company's success in retaining or recruiting, or changes required in, its officers, key employees, or directors; (iv) the Company's ability to maintain the listing of its common stock and warrants on Nasdaq; (v) limited liquidity and trading of the Company's securities; (vi) geopolitical risks and changes in applicable laws or regulations, including tariffs or trade restrictions; (vii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (viii) operational risks, including risks associated with Zeo's expanding business model; (ix) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on the Company's resources; (x) the Company's ability to effectively consolidate the assets of Heliogen and produce the expected results; and (xi) other risks and uncertainties, including those included under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (the "SEC") for the year ended December 31, 2024 and in its subsequent periodic reports and other filings with the SEC.
In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this earnings release represent the views of the Company as of the date of this earnings release. Subsequent events and developments may cause that view to change. However, while the Company may elect to update these forward-looking statements at some point in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this earnings release.
Zeo Energy Corp. Contacts
For Investors:
Tom Colton and Greg Bradbury
Gateway Group
ZEO@gateway-grp.com
For Media:
Zach Kadletz
Gateway Group
ZEO@gateway-grp.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66528473-7f11-4f34-a5e8-66db46046993
https://investors.zeoenergy.com/press-release?i=162572
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Monksdream
2年前
Back to News Results
ESGEN Acquisition Corp. and Sunergy Renewables Complete Business Combination
2:59 pm ET March 13, 2024 (Globe Newswire) Print
GlobeNewswireMarch 13, 2024
Zeo Energy Corp. to Begin Trading on Nasdaq Under the Ticker Symbols "ZEO" and "ZEOWW" Beginning Thursday, March 14th
Company to Ring Nasdaq Closing Bell on Wednesday, March 13th
DALLAS and NEW PORT RICHEY, Fla. , March 13, 2024 (GLOBE NEWSWIRE) -- ESGEN Acquisition Corp. ("ESGEN"), a publicly-traded special purpose acquisition company, today announced the completion of its business combination (the "Business Combination") with Sunergy Renewables, LLC ("Sunergy"), a leading Florida-based provider of residential solar and energy efficiency solutions.
At the closing, ESGEN changed its name to "Zeo Energy Corp." ("Zeo"), and will be led by Sunergy's senior management. The Board of Directors of Zeo will include members from both Sunergy and ESGEN. Commencing at the open of trading on March 14, 2024, Zeo's common stock and warrants are expected to trade on the Nasdaq Capital Market under the new ticker symbols "ZEO" and "ZEOWW," respectively.
"Becoming a publicly traded company is an extraordinary milestone for our employees, our shareholders, and for the residential solar industry," said Zeo CEO Tim Bridgewater. "We are confident that this merger with ESGEN enables us to accelerate our growth strategy, partner with industry players, and serve more customers seeking renewable energy solutions to meet their power and energy storage needs. We've worked hard to build our strong financial performance track record in recent years and look forward to delivering continued growth and profitability through Sunergy's approach to selling residential solar systems."
"From the beginning, we set out to partner with a scalable and profitable company dedicated to advancing the energy transition," said ESGEN CEO Andrejka Bernatova. "We're confident that Tim and the Sunergy team are the ideal partner, and that the combined company will be attractively positioned in the secular shift towards a distributed, decarbonized economy. We also focused on building a supportive and cohesive investor base, and carefully structured this transaction to best position the combined company for growth and flexibility moving forward. We look forward to our continued partnership working with Tim and his exceptional team in their next chapter of growth."
The transaction will result in gross proceeds of approximately $18 million to Zeo. Funds from the transaction are expected to fund Zeo's operations and growth strategy and pay certain expenses related to the Business Combination
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