Clearway Energy Inc
investor.clearwayenergy.comWhat Do They Do?
Owns and operates renewable energy and dispatchable power generation facilities, selling electricity and related environmental attributes to utilities and commercial customers.
10-K for FY2025, filed Feb 24, 2026The Company is one of the largest owners of clean energy generation assets in the U.S. The Company’s portfolio comprises approximately 12.9…View ↗
Focus on contracted renewable energy and dispatchable combustion-based generation. The Company owns and operates utility scale and…View ↗
The Company sells its electricity and environmental attributes, including RECs, primarily to customers located across 27 states under…View ↗
How Do They Make Money?
Utilities and commercial customers generally pay under long-term contracts for electricity, capacity and renewable attributes; some agreements pay fixed amounts over the contract term, while others pay as electricity is delivered. Flexible Generation also sells electricity and reliability capacity to power markets, with sales tied to delivery.
10-K for FY2025, filed Feb 24, 2026The Company is one of the largest owners of clean energy generation assets in the U.S. The Company’s portfolio comprises approximately 12.9…View ↗
The majority of the facilities in the Flexible Generation segment commenced merchant operations during 2023 following the expiration of the…View ↗
The majority of the Company’s revenues are obtained through PPAs or similar contractual agreements. Energy, capacity and, where applicable…View ↗
Certain of these PPAs have no minimum lease payments and all of the lease revenue under these PPAs is recorded as contingent rent on an…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by reportable segment ↗
$1.4B
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10-K for FY2025, filed Feb 24, 2026
$1.4B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Flexible Generation
Sold outright
10-K for FY2025, filed Feb 24, 2026 |
20%
FY2022: 35%
|
Flexible Generation, FY2025
$291M Sources
|
Sold outright |
|
Renewables & Storage
Recurring
10-K for FY2025, filed Feb 24, 2026 |
80% |
Renewables & Storage, FY2025
$1.1B Sources
|
Recurring |
Who Are Their Customers?
Utilities and commercial and industrial customers buy electricity and environmental attributes from the utility-scale fleet, while the distributed solar fleet serves additional customers.
10-K for FY2025, filed Feb 24, 2026The Company sells its electricity and environmental attributes, including RECs, primarily to customers located across 27 states under…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 26 cents into free cash flow.
10-K for FY2025, filed Feb 24, 2026
$160MView ↗
10-K for FY2025, filed Feb 24, 2026
$169MView ↗
10-K for FY2025, filed Feb 24, 2026
$369MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Sep 8, 2026
Sarah Rubenstein to leave CFO role; Steven Ryder to succeed her
Rubenstein is moving to a role at Clearway Energy Group, and Ryder will become Clearway Energy's CFO.
Sources
8-K, filed Sep 8, 2026
On September 8, 2026, Clearway Energy, Inc. (the “Company”) announced that, effective as of October 1, 2026 (the “Transition Date”), Sarah…View ↗
Growing. Revenue grew 11% in 4 years, from $1.3B in FY2021 to $1.4B in FY2025, about 3% a year.
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