33
Aug. 7, 2025On August 3, 2025, a distinguished delegation from Zeo Energy visited the world’s first commercialized CCES facility, developed by Exax Energy. The delegation, led by Zeo Energy's Independent Director, Mr. Bush, and Chief Executive Officer, Tim Bridgewater, conducted a comprehensive inspection of the Wuhu Conch project site. Guided by Exax Energy’s Chairman, Xiao Long, and Chief Scientist, Wang Qin, the group thoroughly assessed the operational performance of this pioneering energy storage technology.
As a landmark achievement in the commercial application of CCES, the project highlights Exax Energy’s leadership in innovative energy solutions. This visit emphasizes the technology’s growing prominence and recognition within the international energy sector, marking a significant milestone in its global adoption.
Following the site visit, both parties held in-depth discussions to explore the critical technical aspects and potential applications of CCES technology. The talks focused on practical and efficient exchanges regarding the provision of secure, reliable, and sustainable energy solutions for data centers in the United States.
Group photo of Zeo Energy and Exax Energy teams at the Wuhu Conch site
Chairman Xiao Long of Exax Energy (second from left) explaining the project to Zeo Energy's Independent Director Mr. Bush (second from right) and CEO Mr. Bridgewater (far right)
On August 4, 2025, Zeo Energy’s leadership team visited Exax Energy’s headquarter in Shenzhen for high-level business talks, leading to the signing of a memorandum of cooperation. This agreement marks the beginning of a strategic alliance, combining the strengths of both companies to advance collaboration in market growth, project execution, technical services, and investment opportunities. The partnership aims to accelerate the deployment and innovation of long-duration energy storage (LDES) solutions across the North American market. Exax Energy General Manager Zheng Hongtao and Zeo Energy CEO Tim Bridgewater signed the memorandum on behalf of their respective organizations.
Signing ceremony of the memorandum of cooperation
Zeo Energy's Independent Director Mr. Bush (second from right), CEO Mr. Bridgewater (second from left), Exax Energy Chairman Xiao Long (far right), and General Manager Zheng Hongtao (far left)
As an innovative enterprise in the energy technology sector, Exax Energy holds over 70 globally unique and breakthrough invention patents in the field of CCES, along with 180 proprietary know-hows. It has established a complete technical system, from solution design to engineering implementation. Currently, Exax Energy is the only company in China to achieve marketized operation of CCES.
Zeo Energy, a NASDAQ-listed company headquartered in the United States, focuses on residential solar energy systems, energy efficiency solutions, and related services. The company specializes in the sale, installation, and maintenance of residential solar energy systems, which include solar panels, inverters, racking systems, and battery-based energy storage. Additionally, Zeo provides insulation services, energy-efficient equipment like hybrid electric water heaters and pool pumps, and roofing services. It was formed in 2024 through a merger between Sunergy Renewables and ESGEN Acquisition Corp and has been trading on NASDAQ under the ticker "ZEO" since March 2024.
Through this collaboration, both parties aim to introduce Exax Energy's advanced CCES technology and energy solutions to the North American energy storage market, accelerating the development and application of storage solutions, enhancing their competitive advantages, and contributing to global energy transition and sustainable development.
