PosiGen
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
PosiGen was a US residential solar company founded in 2011 and headquartered in New Orleans. It provided solar panel installations and energy-efficiency upgrades to low-to-moderate income homeowners, mainly through solar leases, serving roughly 40,000 residential customers across 15 states with about 750 employees at its peak. The company collapsed in 2025 after a liquidity crisis.
02 / PosiGen FAILURE REASONS
Failure reasons
PosiGen ran into severe liquidity problems in 2025 and could not secure enough financing to continue: it shuttered its development business and cut more than 70% of its workforce that August. With $206 million in funded debt, it filed for Chapter 11 bankruptcy in Texas on November 24, 2025, after US solar tax-credit cuts starved it of cash and disputes with primary lender Brookfield Asset Management over the assets. The case resolved into a Brookfield-led liquidation.
03 / EVENT HISTORY
Events in the structured record
- Company founded
PosiGen is founded in New Orleans to bring residential solar and energy efficiency to low-to-moderate income homeowners.
- Operations scaled back
In August 2025 the company shutters its development business and lays off most of its workforce after a liquidity break and missed credit payments.
- Bankruptcy filing
On November 24, 2025, PosiGen files for Chapter 11 bankruptcy in the Southern District of Texas (case 25-90787) with $206 million in funded debt; Brookfield Asset Management acquires substantially all assets and the plan resolves into a liquidation.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Residential solar for low-income homeowners; ~40K customers, 15 states
- 02
2025 liquidity crisis; cannot secure financing
- 03
Aug 2025: development business shut, 70%+ staff cut
- 04
Nov 24, 2025: Chapter 11 filing; Brookfield-led liquidation