Zeo Energy Selected as Fulcrum Point’s Primary Energy Storage Provider for Power Development Projects

In initial collaboration near Brigham City, Utah, Zeo will support Fulcrum’s gas-fired power project

Arrangement also creates potential for Zeo to access Fulcrum’s gas development capabilities for select Zeo behind-the-meter projects

NEW PORT RICHEY, Fla., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Zeo Energy Corp. (Nasdaq: ZEO) (“Zeo,” “Zeo Energy,” or the “Company”), a provider of solar and energy storage solutions, today announced it has entered into a Co-Development and Collaboration Agreement ("Agreement") with Fulcrum Point Holdings, LLC ("Fulcrum"), an energy infrastructure development company developing gas, geothermal, and nuclear power projects in the Mountain West.

The Agreement designates Zeo as Fulcrum’s primary source for the design and development of services for short- and long-duration energy storage assets supporting Fulcrum projects. Fulcrum has also selected Zeo as Fulcrum’s primary developer of commercial solar systems for select Fulcrum projects. The Agreement creates a non-exclusive framework for Zeo and Fulcrum to evaluate and jointly develop or otherwise collaborate on power projects. Binding obligations for each future project would only be created through future definitive service or other agreements.

The collaboration is expected to create opportunities for Zeo to deploy the engineering, project-development and long-duration energy storage capabilities it acquired with Heliogen, Inc. (“Heliogen”), while allowing Zeo to utilize Fulcrum’s natural-gas development expertise on select Zeo projects. The parties’ shared objective is to improve project economics, reduce fuel consumption and emissions, and accelerate reliable power delivery for commercial, industrial and behind-the-meter customers.

Timothy Bridgewater, Zeo CEO, commented: “This agreement is an important step in Zeo’s strategy to turn the engineering and long-duration storage capabilities we acquired with Heliogen into commercial project opportunities. We look forward to exploring Zeo’s role as Fulcrum’s primary energy-storage provider and preferred commercial solar developer for select projects, which would give our team a defined role across a growing pipeline of power projects. Just as importantly, Fulcrum’s gas-development capabilities can help us deliver more complete, reliable behind-the-meter power solutions for customers that cannot wait years for additional grid capacity.”

Fulcrum President and Hi Tech Solutions, LLC founder Chris Hayter added: “Utah and the Mountain West have an urgent need for more power. We are developing gas, geothermal, renewable and nuclear generation sites to meet that demand. Zeo’s engineering team has energy-storage expertise that we believe can help us improve project efficiency, reduce fuel consumption and system costs, and lower emissions as we execute on our development portfolio.”

Initial Project: Energy Storage for Brigham City Power Development
As part of the initial planned cooperation activity, Zeo will provide design and development services for energy storage assets supporting Fulcrum’s gas energy projects near Brigham City, Utah. The contemplated storage solution is expected to reduce fuel consumption and emissions per MWh delivered by shifting thermal generation away from lower-efficiency part-load and startup conditions. Additional anticipated system benefits could include fast-response reserve, peak-output augmentation, and load-following and ramp-control capabilities.

Expanding the Value of Zeo’s Engineering Platform
Fulcrum expects to utilize the Heliogen engineering team’s concept-to-operation expertise across power, heat and water systems. The Agreement provides a commercial pathway for Zeo to apply this engineering platform across a broad set of third-party generation projects. The team’s scope of available services includes:

• Feasibility and engineering studies;
• Technology evaluation and selection across renewable and traditional energy sources;
• Energy storage solutions ranging from minutes to multiple days, including lithium-ion BESS, emerging battery technologies, compressed CO2 storage and molten-salt thermal storage;
• Finite Element Analysis and Computational Fluid Dynamics for technology and hardware design and validation;
• Industrial and commercial heat and water system design and modelin
  

Positioned for Growing U.S. Power Demand
The collaboration broadens both companies’ ability to support new power demand from manufacturing, industrial and computing customers, including data centers and government computing loads, while also addressing broader load growth. Zeo believes the combination of solar, long-duration storage, and dispatchable generation can provide customers with a practical path to reliable behind-the-meter power while larger grid and generation resources are being developed.

Utah, where both Zeo and Fulcrum have active projects, illustrates this need. In 2024, Utah Governor Spencer Cox announced the state’s "Operation Gigawatt" strategy, which calls for doubling the state’s power-generation capacity over ten years in response to population growth, industrial demand and the retirement of aging baseload capacity. The strategy contemplates an all-of-the-above generation mix that includes natural gas, geothermal, renewable energy, energy storage and next-generation nuclear power.

About Zeo Energy Corp.
Zeo Energy Corp. (Nasdaq: ZEO) is a diversified energy company providing residential, commercial, industrial and utility-scale solutions designed to reduce energy costs and carbon emissions. Zeo operates Sunergy Solar, a solar, distributed-energy and efficiency-solutions business, and Heliogen, LLC, an energy-generation and long-duration storage business focused on high-demand applications such as data centers and other energy-intensive industries. Through its integrated development, engineering and operating capabilities, Zeo is pursuing opportunities to provide customers with reliable, cost-effective energy solutions across multiple end markets.

About Fulcrum Point Holdings LLC
Fulcrum Point Holdings is an energy infrastructure development company headquartered in Salt Lake City, Utah. The company develops, finances and operates energy generation assets with a focus on projects in Utah and the Mountain West. Its near-term portfolio centers on natural-gas and geothermal generation projects in Utah and neighboring states, with a longer-term strategy focused on advanced nuclear capacity. Fulcrum’s leadership has experience in commercial-reactor maintenance, inspection and modification, NRC licensing, federal nuclear programs and international nuclear projects.

Cautionary Note Regarding Forward-Looking Statements
This press release and statements of Zeo's and Fulcrum’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 projects 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 potential development of projects between Zeo and Fulcrum, Zeo’s role in those projects, Zeo’s future financial performance related to such projects or in general; the ability to effectively consolidate the assets of acquired companies and produce expected results; changes in Zeo's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, the ability to raise additional funds, and other 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) planned projects with Fulcrum or otherwise may not be developed in the timelines anticipated, or 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 raise additional capital and maintain the listing of its common stock and warrants on Nasdaq; (v) limited liquidity and trading of the Company's securities; (vi) geopolitical risk 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 acquired companies 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, 2025 and in its subsequent periodic reports and other filings with the SEC.

In light of the significant risks and uncertainties associated with forward-looking statements, you should not regard these statements as a representation or warranty by the Company, its respective 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 news release represent the views of the Company as of the date of this news 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 news 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