Zeo Energy shares surge 14.6% intraday after signing 280MW solar MOU with Creekstone for Utah data center project.

Zeo Energy surged 14.60% intraday following the announcement of a memorandum of understanding with Creekstone Energy to develop 280 MW of solar and storage capacity for the Delta Gigasite data centre in Utah. The collaboration, aimed at providing clean baseload power for AI-driven infrastructure, aligns with Zeo’s strategic pivot post-acquisition of Heliogen and positions the company to capitalize on the surging demand for renewable energy in data centres. Creekstone’s project, targeting 10 GW of total capacity, underscores the critical role of Zeo’s long-duration storage solutions in meeting hyperscalers’ energy needs, validating its market potential amid rapid AI adoption. The second news event, Zacks’ neutral rating, was deemed insufficiently material to impact intraday momentum.