In an attempt to enhance the struggling company’s financial position, Sunnova appoints an interim CFO and executive VP of operations.
The troubled residential solar installer issued a going concern warning earlier this month.
The bonuses fall on the cusp of the company’s recent layoffs, resignation of its CEO and bankruptcy rumors.
Paul Mathews named as president and CEO of this struggling residential solar energy company, as it repositions to improve cash flow.
Sunnova Energy International, a residential solar installer, said its cash flow is not sufficient to meet obligations and fund operations.
Also on the rise: Enhanced geothermal projects could scale greatly as costs decline. Invenergy CEO and spouse give $100 million to advance the energy transition. And more.
Amid a down cycle for the industry, residential solar and home adaptive services company said it is prioritizing efficiency and higher cash generation.
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
The integration will include OpenSolar’s AI technology, which aims to make the design process faster for Sunnova’s sales, deisgn, and installation platform users.
A letter to California Governor Gavin Newsom addresses the state’s electricity affordability crisis – and a misconception that rooftop solar is to blame for the high costs.
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