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Renova Energy Files for Bankruptcy, Transitions to Mycrogrid

Source: desertsun.com

Renova Energy, a 20-year-old Coachella Valley solar company, filed for Chapter 7 bankruptcy on March 22 as part of a planned restructuring.
The company is being acquired by investor-backed Mycrogrid and will relaunch in April with expanded services including solar, energy storage, and roofing.
Existing Renova customers will continue receiving service without interruption, and all active warranties will be honored under the new company.

Renova Energy, a local solar power systems seller, has filed for Chapter 7 bankruptcy but isn't shutting down - it's restructuring. The company is being acquired by a new investor-backed company called Mycrogrid, which will take over operations this spring. Customers won't lose service, but the transition has already resulted in significant layoffs as the company prepares for its relaunch.