Auction for $17M in Sunnova surplus stock set for April 28-30
We just got word that Silicon Valley Disposition, has been selected to sell the surplus inventory to the ongoing operations of Sunnova Energy via an online auction. This auction has over $17 million worth of “new-in-box” products at original purchase prices, including batteries and battery cabinets, current transformers, optimizers, cables, transfer switches, solar modules and assorted parts for installation.
The Silicon Valley Disposition auction of Sunnova surplus stock is April 28th to 30th, 2025, and all sales are final. “During the Auction you can check the status of your bid at any time. Note that no bids can be withdrawn during or after the auction for any reason.”
A quick scroll shows Generac batteries, Enphase microinverters and batteries, IronRidge and Unirac mounting equipment, Qcells modules, and much more. Take a look at the auction item list here.
More Sunnova news
Sunnova also issued a statement today to note that it is currently engaged in discussions with various stakeholders regarding plans to reduce its debt and strengthen its overall financial flexibility, although no assurances can be given as to the timing or outcome of this process.
In connection with these ongoing discussions, the company is electing to enter into the 30-day grace period related to the interest payment due on April 1, 2025, on the 11.75% Senior Notes due 2028 issued by the Company’s subsidiary, Sunnova Energy Corporation. The utilization of the grace period does not constitute an “Event of Default” under the indenture, and the Company retains the right to make the interest payment through the end of the grace period.
“This deliberate action supports Sunnova’s efforts to preserve liquidity and enhance financial flexibility, while it continues constructive discussions with key financial stakeholders regarding solutions to strengthen its capital structure,” the company stated
Sunnova leadership changes
Meanwhile, Sunnova Energy International announced a series of strategic actions to “support its ongoing efforts to stabilize the company’s financial foundation and position the business for long-term success.”
Sunnova appointed Robyn Liska as interim Chief Financial Officer, effective March 31, 2025. Previously, Liska served as an Executive Director in J.P. Morgan’s Power and Renewables Investment Banking division, a Director in Bank of America’s Energy and Clean Power Equity Capital Markets group, and an Associate Director in UBS’s Global Power & Renewables group.
In addition to Liska’s appointment, the Company has promoted Alisha Leveston to Executive Vice President, Operations, reporting to CEO Paul Mathews. Leveston previously served as Sunnova’s Senior Vice President of Industrial Engineering and held executive roles at United Parcel Services, Inc.
