Hecate Energy To Go Public is the bet being placed on America’s accelerating appetite for power, as the utility-scale energy developer agreed to merge with EGH Acquisition Corp. in a business combination that would list the company on Nasdaq under the ticker “HCTE.”
The transaction, approved unanimously by both boards, is expected to close in mid-2026, subject to customary conditions including approval from EGH shareholders. Once completed, the deal would propel Hecate from a private developer into the public markets at a moment when data centers and hyperscalers are driving electricity demand to new highs.
Building “energy parks” for a power-hungry economy
Hecate Energy Group said it develops large-scale “energy parks” spanning solar, battery storage, wind and thermal generation. The platform is being shaped to serve land tied to data centers, hyperscalers and other large-load customers — the industrial engines behind today’s digital economy.
The company said it monetizes projects through asset sales, Build Transfer Agreements and Development Services Agreements, while keeping the option open to evolve into an independent power producer, a shift that could unlock longer-duration operating cash flows.
