Clearway Energy

Clearway Energy supplies electricity from wind, solar, and natural gas plants. Its power helps homes, businesses, and local utilities keep the lights on. The company’s services support reliable, cleaner energy for communities across the United States.

Watt’s in the Box? (Products and Services)

• Renewable Energy: Large-scale wind and solar plants selling power to utilities and businesses.
• Battery Storage: Systems that store renewable energy for use when demand is high or the sun isn’t shining.
• Flexible Generation: Natural gas plants that provide backup power when renewables can’t meet demand.
• Distributed Solar: Smaller solar projects serving commercial and residential customers directly.

Growth Spurts and Power Plays (Growth and Expansion)

• Acquired the Deriva Solar Portfolio (613 MW) is expected in the first half of 2026 for approximately $305 million, pending customary closing conditions and approvals.
• Bought Catalina Solar in 2025 for $127 million and Tuolumne Wind for $210 million.
• Invested $115 million in Pine Forest Solar & BESS in 2025; Honeycomb Portfolio BESS investment is expected to total $78 million upon substantial completion.
• Sold and planned to repurchase Mt. Storm Wind after repowering ($152 million sale, $336 million repurchase).
• Secured $600 million in new Senior Notes and expanded credit facilities in 2025-2026.

What Makes Clearway Stand Out

Clearway operates across 27 U.S. states, serving utilities, businesses, and thousands of solar customers. Its revenue comes mainly from long-term contracts, reducing exposure to market price swings. The company’s focus on renewables and storage, with 91% of 2025 revenue from non-emitting sources, supports its low operating risk profile.

Five Things You Need to Know

• 2025 revenue was $1.43 billion, up 4.2% from 2024.
• Renewables & Storage made up 79.6% of 2025 revenue.
• Net loss was $231 million in 2025, compared to $63 million in 2024.
• Total assets reached $16.66 billion at the end of 2025.
• Quarterly dividend was $0.4528 per share in Q4 2025.

Bottom Line

Clearway has grown by expanding its renewable and storage portfolio while maintaining a stable, contract-based business model. Its focus on clean energy and long-term agreements positions it as a key player in the U.S. power sector.