PosiGen was a residential solar and energy efficiency provider focused on serving low-to-moderate income (LMI) homeowners. Founded in 2011 in the wake of Hurricane Katrina, the company offered no-credit-check solar leases bundled with energy efficiency upgrades, growing to one of the largest LMI-focused rooftop solar platforms in the United States. PosiGen filed for Chapter 11 bankruptcy in November 2025; substantially all of its assets were acquired by Brookfield Asset Management via a credit bid, with the residential solar portfolio subsequently transferred to Renewbrook Energy and SunStrong Management in February 2026.
PosiGen has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
501–1,000
Total Funding
$630M
9 rounds
Renewbrook Energy and SunStrong Management acquired PosiGen's residential solar portfolio out of bankruptcy.
Confirms wind-down; no going-concern equity value remains for prior holders.
Filed Chapter 11 in Texas Southern Bankruptcy Court with affiliates PosiGen CT, Developer and Holdings after months of layoffs.
Equity likely impaired; secondary liquidity effectively nil.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $630M across 9 rounds
Last updated 10-08-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Dec 19, 2024 | Debt Press release | $200M | — | Brookfield Asset Management |
| May 28, 2024 | Debt | $150M | — | Brookfield Asset Management |
| May 15, 2023 | Debt | $250M | — | Brookfield Asset Management |
Peter Shaper
Chief Executive Officer
Thomas Neyhart
Founder and Executive Chair
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Sunrun
Largest US residential solar installer, with a leasing/PPA model and TPO platform; survived the 2024-2026 residential solar industry shakeout.
Sunnova Energy
Houston-based residential solar service provider focused on dealer/installer partnerships; entered Chapter 11 in 2025 alongside several solar peers.
GoodLeap
Sustainable home solutions fintech and lender providing financing for residential solar, batteries and energy efficiency upgrades.
Palmetto
Clean energy platform offering residential solar through its LightReach TPO product and a network of installer partners.
EverBright
NextEra-backed residential solar financing platform serving installers with TPO leases, PPAs and loans.
Sunnova / SunStrong Management
Residential solar asset management platform that took over part of PosiGen's portfolio post-bankruptcy.
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