EXCLUSIVE: Renova Energy announces acquisition by investor Mycrogrid

PALM DESERT, Calif. (KESQ) - Renova Energy is being acquired by an investor-backed company, Mycrogrid, according to owner Vincent Battaglia.

News Channel 3 reached out to Battaglia today after questions from viewers, and received this statement:

"Renova Energy is not closing its doors and we appreciate the public's concern. We are currently in a planned transition as part of a restructuring for acquisition of our 20 year company by an investor-backed company set to launch this spring. 

Existing Renova customers will continue to receive service without interruption while backend operations are finalized. During this transition, new sales and installations will temporarily cease. We look forward to reopening in April as Mycrogrid®, a stronger company with expanded solar + energy storage, service and roofing capabilities!"

Battaglia clarified the transition will restructure the company and it's employees, and that they expect to fill more roles with the help of Mycrogrid come April.

The change comes after Renova's pause in California and Arizona business operations in July of 2024. After the pause, the company began rehiring staff in August of that year with continued efforts to find a new business partner.

Tonight, News Channel 3 is digging deeper into the widespread changes in the solar industry and how it's impacting local providers.