Zeo Energy completes acquisition of Lumio assets to boost solar market presence

Zeo Energy Corp. has completed the acquisition of most assets from Lumio Holdings, which recently filed for bankruptcy. The sale was approved by a bankruptcy court on November 1, 2024. This acquisition allows Zeo Energy to expand its presence in the residential solar market. Zeo plans to continue solar installations for Lumio's customers and integrate Lumio's sales team into its operations. Zeo Energy aims to leverage this transaction to grow faster than the industry average in the coming years.