ESGEN Acquisition has merged with Sunergy Renewables, with the combined businesses now renamed Zeo Energy, to be led by Sunergy’s senior management.
The new company’s board of directors will include members from both Sunergy and ESGEN.
“Becoming a publicly traded company is an extraordinary milestone for our employees, our shareholders and for the residential solar industry,” says 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.”
Cohen & Company Capital Markets, a division of J.V.B. Financial Group served as exclusive financial advisor and lead capital markets advisor to ESGEN. Kirkland & Ellis served as legal counsel to ESGEN. Eversheds Sutherland and Ellenoff Grossman & Schole served as legal counsel to Sunergy.
The post ESGEN Acquisition, Sunergy Renewables Combine to Form Zeo Energy appeared first on Solar Industry.
ESGEN Acquisition, Sunergy Renewables Combine to Form Zeo Energy
Can’t swear that this is true but hoping so.
We must never forget.
The more visibility and the more frequent reminders we can get on this catastrophe in U.S. history the better.
It’s almost funny when we hear that California is a socialist state, or a police state (due to our environmental restrictions), or that people are leaving in droves to go to Texas or Florida. When I come across people who say this, I wonder: have you ever actually been to California?
Do you know that the garden-variety 3 BR, 2 BA house here lists at about $1.2 million, where, if it were moved to, say, the Midwest, it would be worth perhaps $2500,000? Why do you think that could possibly be? Maybe the law of supply and demand doesn’t apply to the Marxist part of the nation?
Perhaps it’s because Californians are offered fantastic economic opportunities. We develop and implement ideas that improve the lives of everyone on Earth, and that we profit greatly from our undertakings.
Something for the MAGA crowd to consider.
The main way governments create wealth is by educating people so that they can become productive members of society. They also build roads and airports and maintain law and order so that honest businesses can thrive.
Anyone living now who believes that Elon Musk and Jeff Bezos are creating wealth for anyone but themselves is a total fool.
A ton of people bought into the concept expressed here in the mid-20th Century, but no semi-intelligent person today believes that tax breaks for billionaires/trillionaires generates a nickel for the common person.
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