HOUSTON, Tex. – August 12, 2025 (BUSINESS WIRE) – Pickering Energy Partners (PEP) served as financial advisor to Heliogen, Inc. in its announced merger with Zeo Energy Corp. (Nasdaq: ZEO) which closed on August 8, 2025. This transaction creates a clean energy platform spanning residential, commercial, and utility end markets.

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The merger unites Zeo’s established residential solar and storage footprint with Heliogen’s long-duration energy storage expertise. The combined company is expected to deliver operational synergies by streamlining costs while retaining technical and commercial talent, while also strengthening its financial position and enhancing financing capabilities. Following the announcement, Zeo shares surged more than 115% from the previous day’s close.