Powin

“And effectively, what's happening now is you're seeing a bit of a push from off-takers to try and push more of the tariff risk onto developers, and developers trying to push it more onto you know, guys like us, like the integrators and the cell suppliers. And …”

“FlexGen, who stepped in. They purchased many of the rights to service many of the Powen portfolio, but they're not covering the warranties.”

“It's, you know, still open question, but in my view it came down to mismanagement at Powen. They were chasing short-term growth and profits without putting enough emphasis on long-term risk management.”

“So they received a two hundred million or so capital injection from KKR, One of the biggest names in private equity as a backer, and then only a few months later, they filed chapter 11.”