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ThomasLloyd Climate Solutions will merge with Roman DBDR Acquisition Corp. II in a deal valued at $850 million, aimed at enhancing its sustainable energy solutions and AI data center market presence. Following the merger, both firms will become subsidiaries of a new holding company in England and Wales, named Thomas Lloyd Climate Solutions Holdings PLC, which will list on Nasdaq under ticker TCSG.

The transaction is set to close in the second half of 2026. It is expected to generate over $240 million in gross proceeds and may reach a total value of $1.5 billion through earnouts. ThomasLloyd has developed projects with approximately 28GW of power generation capacity and aims to provide energy solutions that reduce costs by up to 30%.