New name Solaris Assets has completed the acquisition of assets and business operations of Sunnova Energy. Solaris Assets is the entity formed by GoodFinch Management. Sunnova filed for bankruptcy in June.
Solaris is now in control of Sunnova’s residential solar servicing and O&M platform and Sunnova’s solar and storage portfolio. Core operations are transitioning to SunStrong Management. SunStrong’s management team will lead the go-forward business, ensuring a seamless transition for customers, employees and partners. SunStrong says it is committed to providing reliable and customer-focused service and maintaining high quality service and support for substantially all of Sunnova’s existing customers.
“By bringing together SunStrong’s asset management expertise with Sunnova’s nationally scaled customer base, we are creating a stronger, more capable leader in the solar industry,” said Brandon Merkley, CEO of SunStrong. “Our priority is to maintain the highest levels of service for customers as we expand our footprint as a premier solar asset servicer. Together, we are committed to advancing the future of renewable energy and delivering lasting value to our partners and communities across the country.”
SunStrong’s full-service asset management approach provides a suite of offerings to both solar asset owners and capital markets investors, including field service O&M, billing and collections, and investor engagement and reporting. SunStrong is also managing legacy SunPower assets after that company filed bankruptcy in 2024.
As part of the integration, former Sunnova CEO Paul Mathews will be joining SunStrong as Chief Revenue Officer, a new role established to drive growth and performance. SunStrong will also retain key talent, systems, and capabilities from Sunnova, further strengthening its asset management platform and creating new opportunities for expansion.
“This transaction marks a significant step forward that preserves the best of the platform, people, and customer relationships that have been the heart of the former Sunnova,” said Paul Mathews, SunStrong’s new Chief Revenue Officer. “We are proud of the innovation we brought to the residential solar and storage market, and I look forward to building upon SunStrong’s differentiated and leading asset management services.”
Additional information regarding the Sunnova’s chapter 11 process is available here and here. Stakeholders with questions can contact the company’s claims agent Kroll by calling (888) 975-5436 (U.S. and Canada toll free) or +1 (646) 930-4686 (International) or emailing [email protected].
