The Road Ahead: Selling the Past, Salvaging the Future
Uzzi noted that if the spin-off of the monitoring division succeeds, Powin will look to sell off its remaining assets under the protective umbrella of Chapter 11.
“This is not about giving up. It’s about carving out the part of the company that still has a future,” said a source familiar with the talks.
Powin has retained Huron Transaction Advisory to assist with the financial and strategic overhaul. Company representatives have not yet offered public comment.
For a company once seen as a key cog in the clean energy movement, this filing is more than just a financial failure—it’s a high-voltage warning about the growing pains in the renewable energy boom.
