Item 2. Properties
Item 2. Properties
The Company’s corporate headquarters is located in leased office space in Denver, CO. The Company’s CEO and several key members of the Company’s leadership team are located in Denver, and other team members and leadership roles will relocate in the future. The lease expires in January 2024.
The Company also leases space in Houston, TX where its accounting and finance, human resources, customer operations, asset operations and business development, and information technology functions are located. The lease expires in June 2027 with an option to extend for five years.
The Company leased a facility in Wixom, MI, which was the Company’s previous corporate headquarters and the primary facility for its Drivetrain operations. The lease obligation was transferred on January 1, 2023 as a part of the exiting of the Drivetrain operations.
The Company leased a facility in Foothill Ranch, CA which housed certain members of the Drivetrain engineering team. The lease obligation was transferred in February 2023.
The Company leased a facility in Worcester, MA and one in Cromwell, CT related to XL Grid operations. The lease obligations for these facilities were transferred with the sale of World Energy in January 2023. The Company subleases the previous headquarters for XL Grid in Worcester, MA. The lease expires in September 2023.
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