| State | Megawatts installed | Share, percentage | |||||||
| New Jersey | 160 | 17.9 | % | ||||||
| New York | 155 | 17.3 | % | ||||||
| Massachusetts | 149 | 16.6 | % | ||||||
| California | 120 | 13.4 | % | ||||||
| North Carolina | 67 | 7.5 | % | ||||||
| Minnesota | 57 | 6.4 | % | ||||||
| South Carolina | 42 | 4.7 | % | ||||||
| Hawaii | 34 | 3.8 | % | ||||||
| Nevada | 21 | 2.3 | % | ||||||
| All others | 91 | 10.1 | % | ||||||
| Total | 896 | 100.0 | % | ||||||
| For the Year Ended December 31, | Change | |||||||||||||||||
| 2023 | 2022 | $ | % | |||||||||||||||
| (in thousands) | Loss on fair value remeasurement of contingent consideration | $ | 2,207 | $ | 79 | $ | 2,128 | * | ||||||||||
| For the Year Ended December 31, | Change | ||||||||||||
| 2023 | 2022 | Change | % | ||||||||||
| (in thousands) | Power sales under PPAs | $ | 53,516 | $ | 24,906 | $ | 28,610 | 114.9 | % | ||||
| Power sales under NMCAs | 42,006 | 27,162 | 14,844 | 54.6 | % | ||||||||
| Power sales on wholesale markets | 1,756 | 4,146 | (2,390) | (57.6) | % | ||||||||
| Total revenue from power sales | 97,278 | 56,214 | 41,064 | 73.0 | % | ||||||||
| Solar renewable energy credit revenue | 45,542 | 40,502 | 5,040 | 12.4 | % | ||||||||
| Rental income | 2,784 | 3,038 | (254) | (8.4) | % | ||||||||
| Performance based incentives | 6,155 | 1,409 | 4,746 | 336.8 | % | ||||||||
| Revenue recognized on contract liabilities | 3,403 | — | 3,403 | 100.0 | % | ||||||||
| Total | $ | 155,162 | $ | 101,163 | $ | 53,999 | 53.4 | % | |||||
| For the Year Ended December 31, | Change | ||||||||||||||||||
| 2023 | 2022 | $ | % | ||||||||||||||||
| (in thousands) | Stock-based compensation | $ | 14,984 | $ | 9,404 | $ | 5,580 | 59.3 | % | ||||||||||
| For the Year Ended December 31, | Change | ||||||||||||||||||
| 2023 | 2022 | $ | % | ||||||||||||||||
| (in thousands) | Change in fair value of redeemable warrant liability | $ | — | $ | 5,647 | $ | (5,647) | (100.0) | % | ||||||||||
