What Zeo Energy does

Zeo Energy Corp. is a Florida-based, publicly traded provider of residential solar, distributed energy, and energy efficiency solutions serving homeowners in U.S. high-growth markets. The company operates a differentiated direct-sales model combined with a dealer network, offering vertically integrated solar installation, energy storage, and energy-efficiency equipment with quote-based project pricing. FY2025 revenue was $69.3 million, down 5% year-over-year, with a net loss of $19.6M nearly doubling from the prior year due to amortization, bad debt, and elevated labor costs.

The company has reshaped its profile through two acquisitions: Lumio (November 2024) expanded residential solar installation capabilities and geographic reach, while Heliogen (August 2025) brought concentrated solar power and long-duration energy storage technology — molten salt and compressed CO2 systems — enabling the firm to pitch firm baseload generation to commercial, industrial, and data center customers. In February 2026 Zeo signed a non-binding MOU with Creekstone Energy to develop approximately 280 MW of solar-plus-storage for an AI data center in Millard County, Utah, with initial baseload delivery targeted for 2027 and a Phase 1 goal of 600+ MW against a longer-term 10 GW Gigasite vision.

Zeo became public on NASDAQ under ticker ZEO via a de-SPAC combination with ESGEN Acquisition Corp. on March 13, 2024. The company is led by co-founder Tim Bridgewater (CEO), Cannon Holbrook (CFO), Kalen Larsen (COO), Brandon Bridgewater (CSO), and General Counsel Stirling Adams. As of March 2026, market capitalization stood at approximately $31.8M with elevated short interest, and the strategic thesis now rests on converting the data-center power pipeline into contracted revenue.

Name

Zeo Energy

Legal name

Zeo Energy Corp.

Website

https://investors.zeoenergy.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Zeo Energy Corp. is a Florida-based, NASDAQ-listed provider of residential solar, distributed energy, and energy efficiency solutions that has expanded through acquisitions of Lumio and Heliogen into long-duration energy storage and utility-scale solar-plus-storage projects for AI data centers.

Ownership category

akta.pro rank

Product category

Residential Solar Installation and Energy Efficiency Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Power, Distribution & Specialty Transformers (3612), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC)

akta.pro secondary industries

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Solar Balance-of-System Components (Cables, Combiner Boxes, Switchgear, Transformers) (EUAMABAG), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Decommissioning, Recycling & End-of-Life Services (Module Recycling, Site Restoration) (EUACAGAM)

Keywords

• Residential solar installation
• Solar energy solutions
• Energy efficiency services
• Long-duration energy storage
• Distributed energy systems

Headquarters

HQ city

New Port Richey

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Residential Solar Installation: One-time installation of residential solar panels and energy-efficient equipment for homeowners, with associated financing arrangements. Revenue declined 5% to $69.3 million in FY 2025.
2. Project Financing and Engineering Services: Zeo Energy may provide project financing and engineering services for utility-scale projects, including the 280 MW solar and storage project for Creekstone's data center in Utah.
3. Long-Duration Energy Storage Solutions: Following the acquisition of Heliogen, Zeo Energy offers long-duration energy storage solutions for large-scale industrial applications, expanding beyond residential into commercial and industrial markets.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Zeo Energy designs, sells, and installs residential solar photovoltaic systems, distributed energy solutions, and energy-efficiency equipment for U.S. homeowners seeking to reduce high energy bills. Following the Heliogen acquisition, the company has added concentrated solar power and long-duration thermal storage offerings (molten salt and compressed CO2) targeted at utility-scale and data-center customers.

Product overview

Zeo Energy Corp. operates as a Florida-based regional provider of residential solar, distributed energy, and energy efficiency solutions. The company's product portfolio centers on its core residential solar installation service, which has been expanded through two strategic acquisitions: Lumio (acquired November 2024) provided residential solar and storage capabilities and expanded geographic reach following Lumio's bankruptcy, while Heliogen (acquired August 2025) brought long-duration energy storage technology using molten salt and compressed CO2, enabling Zeo Energy's expansion from residential markets into utility-scale commercial and industrial applications including data center power solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential solar installation and energy efficiency services
• Concentrated solar power with long-duration thermal storage (Heliogen technology)

Quantifiable outcome

• 280 MW of baseload power to be developed for AI data center
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Creekstone Energy LLCcoreStrategic or Co-development Partner · 18 February 2026Zeo Energy signed a non-binding MOU with Creekstone Energy to develop approximately 280 MW of baseload energy generation through solar power combined with long-duration energy storage for Creekstone's Gigasite AI data center under construction in Millard County, Utah. Zeo is conducting a pre-feasibility study and may provide project financing and engineering services. Initial baseload power delivery targeted for 2027.
• Heliogen Inc.coreStrategic or Co-development Partner · 13 August 2025Zeo Energy completed an all-stock acquisition of Heliogen in Q3 2025, receiving approximately $13.6 million in net cash from the target. Heliogen provides on-demand clean energy technology solutions including concentrated solar power and long-duration thermal storage capabilities (molten salt and compressed CO2). This acquisition enables Zeo to expand into long-duration energy generation and storage for large-scale industrial applications.
• Lumio Inc.coreStrategic or Co-development Partner · 1 November 2024In November 2024, Zeo Energy acquired residential solar and storage provider Lumio Inc. to expand its geographic footprint and installation capabilities in the U.S. residential market. Lumio filed bankruptcy in September 2024 with assets acquired by Zeo Energy.
• BluSky AI Inc.minorStrategic or Co-development PartnerBluSky AI Inc. is partnered with Creekstone Energy for modular AI data center deployments at the Gigasite in Millard County, Utah. Zeo Energy is evaluating solar generation paired with storage while BluSky handles modular data center deployments.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sunnova Energy International: U.S. residential solar and storage service provider using a similar dealer/installer model. Comparable in target customer, geographic focus on high-growth states, and product mix including batteries.
• Sunrun: Largest U.S. residential solar installer with vertically integrated leasing/PPA model. Direct competitor to Zeo's residential solar business with overlapping dealer/installer footprint and customer base.
• Energy Vault: Long-duration energy storage provider targeting utility-scale and data center customers. Competes in the same LDES space that Heliogen's molten salt/CO2 technology addresses.
• Momentum Solar: U.S. residential solar installer with direct sales force across multiple states. Comparable in offering (rooftop PV + storage) and target homeowner segment.
• BrightSource Energy: Concentrated solar power developer with thermal storage technology. Most direct technology comparable to the Heliogen CSP/LDES capability Zeo acquired.
• SolarReserve: CSP + molten salt storage developer pursuing utility-scale projects. Directly comparable to Heliogen's technology stack and target use cases for baseload power.
• Trinity Solar: Privately held regional residential solar installer serving the U.S. Northeast and other states. Directly comparable to Zeo's vertically integrated residential offering and dealer-driven sales motion.
• Blue Raven Solar: Residential solar installer with door-to-door sales model across the Western U.S. Closely comparable GTM motion and customer profile to Zeo's dealer network.
• Avantus (formerly 8minute Solar Energy): Utility-scale solar EPC and power producer with project development capabilities. Closely comparable to Zeo's emerging utility-scale ambitions and project financing model for the Creekstone Utah project.

Emerging players

• Form Energy: Iron-air battery LDES developer for multi-day storage. Emerging competitor in the long-duration storage market that overlaps with Zeo's data center baseload strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zeo Energy