Overview

• PosiGen began terminating 78 employees in Wethersfield, Danbury and Shelton, with the Connecticut sites remaining open for now.
• Facilities in Plymouth Meeting and Conshohocken, Pennsylvania, are closing with permanent layoffs.
• In WARN filings, the company reported it missed an interest payment, after which its lender froze cash and declared a default, disrupting business.
• The company is seeking capital from its lender or a buyer and says it will shut down entirely if financing does not come through.
• PosiGen linked its funding strain to the repeal of the 30% homeowner clean‑energy tax credit under President Trump’s July 4 law, set against a residential solar slump that saw 2024 installations fall 31% and several bankruptcies.