“Profuse government grants, loans, and tax breaks supported Sunnova from the beginning. The public needs to know where the money went and why founder/CEO John Berger and a few others at the top made out like bandits, while just about everyone else bit the dust.”
Sunnova was all hat, no cattle. All sizzle, no steak. Long on DEI, short on profits. Long on government, short on consumer value.
And a lot of “Net Zero” for investors. And potentially voided contracts for more than 400,000 rooftop customers if tax credits go away under current legislation under debate. [1]
Yesterday, Sunnova International declared bankruptcy, or in their Enronish PR world, “Strategic Action to Facilitate Value-Maximizing Sale Process.”
The company never had a quarterly profit, existing on political fumes and gullible “green” customers.…
“An unlikely coalition of renewables groups, manufacturers and oil & gas companies opposed the bills. ‘It might as well have been the ‘Lobby Employment Act of 2025,’ based on the number of lobbyists hired to fight it,’ wrote state representative Jared Patterson.” (Sheridan, below)
Doug Sheridan is a noted analyst of the climate/energy realism school. With more than 40,000 social media followers, he corrects the bias of the mainstream media in real time. Little surprise that his influence dwarfs that of many prominent ‘magical thinking’ energy pundits, part of a very promising global rethink.
Sheridan’s latest analysis concerns the failure of the Texas legislature to cool the jets of uneconomic, destructive wind, solar, and batteries in the Lone Star State. But how did Texas, of all states, end up where it is today?…
“It is hard to square Meghan Nutting’s parting comments with good, only bad. Her company failed everyone but a few employees, and no one more than founder/CEO John Berger. Her industry has failed its owners and customers too. Her solar journey was a mistake, a mirage, enabled by government.”
Rooftop solar will go down as one of the biggest consumer busts in energy history–and it is just getting started. Sunnova Energy International, with 441,000 rooftop customers, already the subject of mass complaints and lawsuits, can no longer perform on their long-term contracts. So much for promises (still on their website):
Enjoy peace of mind knowing your home solar system and battery are covered by Sunnova Protect®, featuring maintenance, monitoring, repairs, and replacements for 25 years.…