A Brief History of Clearway Energy, Inc. (CWEN)

Clearway Energy, Inc. (CWEN) is a leading renewable energy company headquartered in Princeton, New Jersey. The company is focused on owning and operating a diversified portfolio of clean energy assets.

Clearway Energy was originally founded in 2018 as part of the larger NRG Energy, Inc. However, in December 2018, Global Infrastructure Partners (GIP) acquired NRG Energy's controlling stake in Clearway Energy, making it an independent publicly traded company.

Since becoming an independent company, Clearway Energy has continued to expand its portfolio of renewable energy assets. The company owns and operates a wide range of solar, wind, and thermal power generation facilities across the United States.

• In 2019, Clearway Energy completed the acquisition of a 4.7 GW renewable energy portfolio from its sponsor, NRG Energy.
• In 2020, Clearway Energy announced the acquisition of a 264 MW portfolio of distributed solar projects from SunPower Corporation.
• In 2021, Clearway Energy signed a virtual power purchase agreement (VPPA) with a subsidiary of Charles River Laboratories to support the development of a new 60 MW solar project in North Carolina.

With a commitment to sustainability and a focus on expanding its renewable energy portfolio, Clearway Energy, Inc. continues to play a significant role in the transition to a cleaner, more sustainable energy future.

Who Owns Clearway Energy, Inc. (CWEN)

Clearway Energy, Inc. (CWEN) is a leading renewable energy company that is publicly traded on the New York Stock Exchange. As a publicly traded company, Clearway Energy, Inc. has a diverse group of shareholders who own shares of the company.

Some of the largest institutional shareholders of Clearway Energy, Inc. include:

• Vanguard Group Inc.
• BlackRock Inc.
• State Street Corporation
• Bank of America Corporation

Individual investors also own shares of Clearway Energy, Inc. through their brokerage accounts or retirement accounts. These individual investors can buy and sell shares of Clearway Energy, Inc. on the open market through a stockbroker.

Overall, Clearway Energy, Inc. is owned by a combination of institutional investors, individual investors, and other entities who have purchased shares of the company on the stock market.

Clearway Energy, Inc. (CWEN) Mission Statement

Clearway Energy, Inc. is a leading integrated renewable energy company dedicated to providing sustainable energy solutions for a cleaner and more sustainable future. Our mission is to own and operate a diversified portfolio of renewable energy assets while delivering long-term value to our shareholders, customers, and communities.

• Sustainability: We are committed to operating in an environmentally responsible manner, prioritizing sustainability in all aspects of our business operations.
• Innovation: We strive to be at the forefront of innovation in the renewable energy sector, constantly seeking new and improved technologies to enhance our energy production and efficiency.
• Community Engagement: We actively engage with the communities where we operate, listening to their needs and concerns, and striving to be a good corporate citizen by supporting local initiatives and sustainable development.
• Financial Performance: We are dedicated to delivering consistent financial performance and sustainable growth, creating value for our investors while maintaining a strong balance sheet.
• Employee Empowerment: We value our employees as our most important asset and are committed to providing a safe, diverse, and inclusive workplace where they can thrive, grow, and contribute to our success.

How Clearway Energy, Inc. (CWEN) Works

Clearway Energy, Inc. is a leading renewable energy company that specializes in the development and operation of clean energy projects across the United States. The company operates a diverse portfolio of renewable energy assets, including wind, solar, and natural gas-fired power plants.

One of the key components of Clearway Energy's business model is power purchase agreements (PPAs). These agreements enable the company to sell the electricity generated by its renewable energy projects to utilities, commercial, and industrial customers under long-term contracts. This provides Clearway Energy with a stable source of revenue and helps to mitigate the risks associated with fluctuations in energy prices.

Clearway Energy also focuses on developing new renewable energy projects to expand its portfolio and generate additional revenue streams. The company actively seeks out opportunities to acquire and develop new projects that align with its strategic goals and investment criteria.

• Operations and Maintenance: Clearway Energy has a dedicated team that handles the day-to-day operations and maintenance of its renewable energy assets. This includes monitoring performance, conducting regular maintenance, and ensuring compliance with regulatory requirements.
• Community Engagement: Clearway Energy prioritizes community engagement and works closely with local stakeholders to address concerns and build support for its projects. The company is committed to being a good corporate citizen and strives to create positive social and environmental impacts in the communities where it operates.
• Environmental Sustainability: Clearway Energy is dedicated to promoting environmental sustainability and reducing its carbon footprint. The company's renewable energy projects help reduce greenhouse gas emissions and contribute to a cleaner, more sustainable energy future.

How Clearway Energy, Inc. (CWEN) Makes Money

Clearway Energy, Inc. (CWEN) is a leading renewable energy company that generates revenue through various sources related to clean energy production and services. Here are some of the key ways in which CWEN makes money:

• Power Purchase Agreements (PPAs): One of the primary ways CWEN generates revenue is through long-term PPAs with utility and commercial customers. These agreements lock in guaranteed prices for the electricity generated by CWEN's renewable energy projects, providing a steady stream of income over the contract term.
• Energy Sales: CWEN sells the electricity generated by its renewable energy assets on the wholesale market, where it can benefit from fluctuations in electricity prices and demand. This allows CWEN to capitalize on market opportunities and optimize its revenue streams.
• Renewable Energy Tax Credits and Incentives: CWEN benefits from various federal and state tax credits, incentives, and grants designed to promote the development of renewable energy projects. These financial incentives help reduce CWEN's project costs and enhance its overall profitability.
• Asset Management and Services: In addition to owning and operating renewable energy projects, CWEN provides asset management and services to third-party projects. This includes operations and maintenance, energy management, and other services that generate fee-based revenue for CWEN.
• Development and Construction: CWEN develops new renewable energy projects and earns revenue from the sale of these projects to third-party investors or through the execution of long-term PPAs. The development and construction of new projects contribute to CWEN's growth and diversification of revenue streams.