Zeo Energy Corp. entered into a non‑binding memorandum of understanding with Creekstone Energy LLC to develop approximately 280 megawatts of baseload power for Creekstone’s new data‑center campus in Millard County, Utah.
Creekstone broke ground on the campus in December 2025 and plans to deliver more than 300 megawatts of gas‑powered generation to customers by the first half of 2027. The company also has a separate agreement with Blue Sky AI Inc. for up to 50 megawatts of early‑stage operations. Under the MOU, Zeo will apply its long‑duration storage and solar expertise to provide firm, dispatchable electricity to the gigasite, enabling the data‑center operators to meet the high‑intensity power demands of AI and cloud‑computing workloads.
The deal marks a strategic pivot for Zeo, which has historically focused on residential solar in Florida. Leveraging the August 2025 acquisition of Heliogen—completed for about $10 million in Class A common stock and $13.6 million in net cash—Zeo now has the concentrated solar power and thermal‑storage capabilities needed to serve large commercial customers. The partnership validates Zeo’s long‑duration storage technology and opens a new revenue stream in the high‑growth data‑center market.
Financially, Zeo reported a net loss of $1.9 million in Q3 2025, an improvement from the $2.9 million loss in Q3 2024, while revenue rose 21.6 % year‑over‑year to $23.9 million. For the nine months of 2025, revenue fell 7.0 % to $50.8 million and the net loss widened to $17.9 million. The Creekstone agreement could provide a significant new source of revenue and help mitigate the company’s cash‑burn concerns as it scales its technology.
Tim Bridgewater, CEO of Zeo, said the 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.” Ray Conley, CEO of Creekstone, emphasized the urgency of delivering baseload power, noting that the company plans to provide over 600 megawatts of baseload power to its gigasite customers in 2027 and that the partnership reflects the market’s need to use all available energy sources to rapidly supply power.
The memorandum is non‑binding; definitive agreements will still be required for the project to proceed. Nonetheless, the MOU represents a significant step toward commercializing Zeo’s technology and expanding its presence in the large‑scale commercial and industrial power market.
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