Clearway Energy(NYSE) CWEN

Clearway Energy, Inc. makes clean electricity for people and businesses. It uses wind, solar, and natural gas to power the grid. This helps provide reliable energy across the United States.

Powering the Grid

• Flexible Generation: Natural gas facilities providing 2,580 net MW (megawatts), a unit of power capacity; used to keep the electricity grid stable.
• Utility Scale Solar: Large solar farms generating 2,889 net MW of power; often include Battery Energy Storage Systems (BESS) to store electricity.
• Utility Scale Wind: Wind projects across 27 states providing 3,713 net MW of power capacity.
• Distributed Solar: Smaller systems located near where the power is used; provides 634 net MW of power capacity.

Strategic Growth and Acquisitions

• Completed the acquisition of the Cardinal Portfolio for $322 million on March 30, 2026.
• Acquired the Honeycomb Portfolio battery storage facilities in May 2026 to expand energy storage capabilities.
• Began updating the Goat Mountain wind facility in February 2026 to improve long-term power generation.
• Restructured long-term energy contracts for three wind facilities in early 2026 to reduce market price risks.
• Issued $600 million in senior unsecured notes in January 2026 to manage debt and fund corporate activities.

How It Stays Reliable

Clearway Energy sells its power through long-term contracts called Power Purchase Agreements. These agreements lasted an average of 12 years for renewable assets as of June 30, 2026.

Looking at the Numbers

• Total operating revenues were $481 million for the three-month period ended June 30, 2026.
• Operating income reached $136 million for the six-month period ended June 30, 2026.
• Total liquidity was $985 million as of June 30, 2026.
• Net income attributable to the company was $122 million for the three-month period ended June 30, 2026.

Evolution

Clearway Energy has evolved from a traditional power business to one of the largest clean energy owners in the United States. Its focus on long-term contracts and diverse energy sources provides a stable base for operations.