v3.25.1
Consolidated VIEs and Noncontrolling Interests (Tables)
3 Months Ended
Mar. 31, 2025
Noncontrolling Interest [Abstract]  
Summary of noncontrolling interests
The following table summarizes the Company’s noncontrolling interests as of March 31, 2025:
Tax Equity EntityDate Class A Member Admitted
ORE F4 Holdco, LLCAugust 2014
Volta Solar Owner II, LLCAugust 2017
Schedule of Variable Interest Entities The following table summarizes the consolidated balance sheets of the Company’s VIEs included within assets and liabilities on the Company’s unaudited condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024:
As of
(In thousands)March 31, 2025December 31, 2024
Assets
Current assets
Restricted cash$692 $1,375 
Accounts receivable718 525 
Accounts receivable - affiliates77 100 
Prepaid expenses and other current assets105 
Total current assets1,489 2,105 
Property and equipment, net34,493 34,950 
Intangible assets, net96 91 
Total assets
$36,078 $37,146 
Liabilities
Current liabilities
Accounts payable - affiliates$1,292 $1,178 
Deferred revenue, current59 52 
Accrued expenses and other current liabilities143 472 
Total current liabilities1,494 1,702 
Deferred revenue, non-current122 133 
Unfavorable solar renewable energy agreements, net153 188 
Total liabilities
$1,769 $2,023