Motion for Joint Administration Approved for Sunworks, Inc.
February 26, 2024 at 12:00 am EST
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The US Bankruptcy Court granted an order for the joint administration of the Chapter 11 bankruptcy cases of Sunworks, Inc. and its affiliates on February 26, 2024. The affiliates include Commercial Solar Energy Inc., Solcius, LLC, and Sunworks United, Inc. The cases would be jointly administered for administrative and procedural purposes. Sunworks, Inc has been designated as the lead debtor.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.