Struggling Sungevity Lays Off Workers After Merger Falls Through

Old news - but summary here -

Sungevity wanted to be asset-light solar by keeping hardware, installation, and financing off balance-sheet. Basically provide a software platform that allows for remote imaging

Failed the article alleges because they had runaway costs with their web platform (installation mgmt. platform that had as a core component the remote imaging tech)

Still had to manage installations though bc they didn't just license the platform for use by installers but rather was outsourcing installation

Headwinds of solar demand slowing in 16-17 (this is when SolarCity also got bought) hit everyone hard