Clearway Energy Inc (Clearway Energy), a subsidiary of Clearway Energy Group LLC, operates as an integrated power generating company. It along with its subsidiaries owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets in the US. Clearway Energy owns and operates natural gas, fossil fuel, thermal, solar, and wind power generation facilities. The thermal infrastructural assets of the company provide steam, hot and chilled water, and electricity to commercial businesses, hospitals, universities, and governmental units. Its conventional generation assets include Carlsbad, GenConn Devon, GenConn Middletown, El Segundo, Walnut Creek, and Marsh Landing, and wind assets comprise Alta Wind Farm, Goat Wind, Laredo Ridge, Elbow Creek, South Trent Wind Farm, San Juan Mesa, Spring Canyon II, and III, and Wildorado. Clearway Energy is headquartered in Princeton, New Jersey, the US.
Headquarters
United States of America
Address
Suite 300, 300 Carnegie Center, Princeton, New Jersey, 08540-6213
Website
www.investor.clearwayenergy.com
Telephone
1 609 6081525
No of Employees
61
Industry
Power
Ticker Symbol & Exchange
CWEN.A (NYSE)
Revenue (2022)
$1.3B
10.4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-86.4%
(2022 vs 2021)
Market Cap*
$4.5B
Net Profit Margin (2022)
XYZ
-87.7%
(2022 vs 2021)
* As of and is in US$
Clearway Energy Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Owns Contracted Renewable and Conventional Generation, and Thermal Infrastructure Assets. |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Commercial Operation | In October, the company announced the commercial operations at Daggett Solar + Storage. |
| 2022 | Corporate Changes/Expansions | In August, the company completed construction and reached commercial operations at its Mililani Solar I plant. |
| 2022 | Contracts/Agreements | In July, the company and Wartsila signed a contract for a 500-megawatt (MWac) / 2-gigawatt hour (GWh) portfolio of energy storage systems. |
Competitor Comparison
| Key Parameters | Clearway Energy Inc | Duke Energy Corp | American Electric Power Co Inc | Edison International | FirstEnergy Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Princeton | Charlotte | Columbus | Rosemead | Akron |
| State/Province | New Jersey | North Carolina | Ohio | California | Ohio |
| No. of Employees | 61 | 27,037 | 17,250 | 14,316 | 12,042 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jonathan Bram | Chairman | Executive Board | 2018 | 58 |
| Christopher S Sotos | Chief Executive Officer; Director; President | Executive Board | 2016 | 52 |
| Sarah Rubenstein | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 46 |
| Kevin P Malcarney | Executive Vice President; Secretary; General Counsel | Senior Management | 2022 | 57 |
| E Stanley O'Neal | Director | Non Executive Board | 2018 | 72 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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