The following table presents the detail of intangible assets, net as recorded in the consolidated balance sheets as of December 31, 2025 and 2024:


	As of December 31,
(Amounts in thousands)	2025		2024

Intangible assets:
Solar renewable energy agreements	$	340	$	340
Performance based incentives agreements	3,240		3,240
Trade name	8,400		8,400
Gross intangible assets	11,980		11,980
Less: Accumulated amortization	(4,150)		(3,023)

Intangible assets, net	$	7,830	$	8,957

Amortization of intangible assets for the year ended December 31, 2025 was $0.7 million recorded in selling, general and administrative expenses. Amortization of intangible assets for the year ended December 31, 2024 was $1.2 million, of which $0.5 million and $0.7 million were recorded within revenues and selling, general and administrative expenses, respectively.

Amortization of unfavorable solar renewable energy revenue agreements for the years ended December 31, 2025 and 2024 was $3.0 million and $3.1 million, respectively, which is included within revenue on the statement of operations.

As of December 31, 2025, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows:


	As of December 31,
(Amounts in thousands)	2025
2026	$	1,122
2027	978
2028	878
2029	805
2030	737
Thereafter	3,310
Total	$	7,830