ENERGY ASSETS, NET (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
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| Summary of Energy Assets |
Energy assets, net consisted of the following: | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Energy assets (1) | $ | 2,814,726 | | | $ | 2,602,787 | | Less - accumulated depreciation and amortization | (578,398) | | | (521,563) | | Energy assets, net | $ | 2,236,328 | | | $ | 2,081,224 | | | | | | (1) Includes financing lease assets (see Note 7), capitalized interest and asset retirement obligations (“ARO”) assets (see tables below). Also includes $16,683 of amounts paid to Powin. See Note 10 for additional information. |
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| Summary of Depreciation and Amortization Expense of Energy Assets |
The following table sets forth our depreciation and amortization expense on energy assets, net of deferred grant and ITC amortization: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | Location | 2026 | | 2025 | | 2026 | | 2025 | Cost of revenues (2) | $ | 29,052 | | | $ | 23,997 | | | $ | 57,251 | | | $ | 46,839 | | | | | | | | | | (2) Includes depreciation and amortization on financing lease assets (see Note 7). | | | | |
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| Summary of Capitalized Interest |
The following table presents the interest costs relating to construction financing during the period of construction, which were capitalized as part of energy assets, net: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Capitalized interest | $ | 7,775 | | | $ | 9,842 | | | $ | 15,533 | | | $ | 17,952 | |
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| Summary of Asset and Liabilities Retirement Obligations |
The following tables set forth information related to our ARO assets and ARO liabilities: | | | | | | | | | | | | | | | | Location | June 30, 2026 | | December 31, 2025 | ARO assets, net | Energy assets, net | $ | 5,253 | | | $ | 4,917 | | | | | | | | | | | | ARO liabilities, non-current | Other liabilities | $ | 8,060 | | | $ | 7,328 | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | Depreciation expense of ARO assets | $ | 77 | | | $ | 31 | | | $ | 154 | | | $ | 106 | | Accretion expense of ARO liabilities | $ | 124 | | | $ | 108 | | | $ | 248 | | | $ | 216 | |
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