Hecate Energy (OTC:EGHA) closed the sale of the up to 2,000 MW Cereza solar and storage project at the DOE Hanford Site to Savion on Feb 18, 2026. The transaction adds to Hecate's track record of 12+ GW of projects sold and strengthens a revenue backlog exceeding $686M.
The sale positions Hecate to continue monetizing large-scale energy campuses while Savion leads further development with Hecate's support.
Hecate Energy Group (NASDAQ: EGHA) will host an investor webinar on February 5, 2026 at 10:00 a.m. ET to introduce Hecate, its operations, and near-term strategy.
Management will overview Hecate’s utility-scale platform across solar, battery storage, wind, and thermal generation, and discuss the proposed transaction to list Hecate on Nasdaq.
Hecate Energy Group will become a public company via a business combination with EGH Acquisition Corp (NASDAQ: EGHAU / EGHA / EGHAR) and will list on Nasdaq as HCTE. The transaction values Hecate at a $1.2 billion pre-money enterprise value and contemplates up to $155 million from EGH’s trust for development, redemptions and fees. Hecate holds a diversified pipeline of >47 GW across solar, storage, wind and thermal, has sold >12 GW to blue-chip counterparties and has >4 GW in advanced exclusivity. Closing is expected mid-2026, subject to shareholder and customary approvals.