In November of last year, Florida-based Electriq Power announced an official merger with TLG Acquisition One Corp.

Electriq, which was founded in 2014, is best known as a provider of energy storage and management solutions for small businesses and residential use. Designed explicitly with solar in mind, Eleqtriq seeks to make renewables accessible and affordable for low to medium-income homes.

Now, the company has merged with TLG Acquisition One Corp, a publicly traded special purpose acquisition company. The merger, which values Electriq at $495 and will result in a new publicly traded entity under the ticker (ELIQ). Together, the companies hope to identify and capitalize on opportunities and innovations in the renewable energy sector.