STAMFORD, Conn. / Apr 09, 2025 / Business Wire / Altus Power, Inc. (NYSE: AMPS) (“Altus Power”) today announced that, at a special meeting of the stockholders held earlier today, Altus Power’s stockholders voted to adopt the previously announced definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy (the “Merger Agreement”), and to approve the transactions... Read More

STAMFORD, Conn. / Apr 08, 2025 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the acquisition of ten development-stage community solar projects totaling 58.4 MW in Maryland from Prospect14, a leading distributed solar energy development firm. In conjunction with the acquisition, Altus Power and Prospect14 entered into a development services agreement... Read More

Full Year 2024 Financial Highlights Full year 2024 revenues of $196.3 million, a 26% increase compared to full year 2023 GAAP net loss of $10.7 million for full year 2024, compared to net loss of $26.0 million for full year 2023 Adjusted EBITDA* of $111.6 million for full year 2024, a 20% increase compared to full year 2023 Adjusted EBITDA margin* of 57% for full year 2024, compared to 60% for full year 2023 Business... Read More

STAMFORD, Conn. / Mar 13, 2025 / Business Wire / Altus Power, Inc. (NYSE: AMPS) (“Altus Power”) today announced that it has scheduled a special meeting of its stockholders to consider and vote on the adoption of Altus Power’s agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy. The special meeting will be held virtually via live webcast on April 9, 2025 at 8:00 a.m. EDT.... Read More

Clean electric power generated will benefit Blue Sport Stable sports facility STAMFORD, Conn. / Mar 04, 2025 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the operationalization of a 1.4 MW rooftop solar project at the Blue Sport Stable sports... Read More

STAMFORD, Conn. / Feb 26, 2025 / Business Wire / Altus Power, Inc. (NYSE: AMPS) (“Altus Power”), the largest owner of commercial-scale solar in the US, today announced it will report financial results for the fourth quarter and full year of 2024 after the closing of the New York Stock Exchange on Monday, March 17, 2025. As previously announced on February 6, 2025, Altus Power and TPG entered into a definitive agreement for... Read More

STAMFORD, Conn. / Feb 06, 2025 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the largest owner of commercial-scale solar in the US, today announced it has entered into a definitive agreement to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy for $5.00 per share of its Class A common stock in an all-cash transaction that values the Company at... Read More

STAMFORD, Conn. / Jan 22, 2025 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the completion of a 1.7 MW rooftop solar project at 700 Crocker Drive in Vacaville, CA, an 839,000 square foot distribution center. The solar array, part of California’s Net Energy Metering 2.0 program, is designed to meet nearly 80% of the distribution center’s annual... Read More

Benefits of clean electric power to be delivered to logistics company and local Community Solar subscribers STAMFORD, Conn. / Dec 19, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the completion of a new 760kW solar system in Cherry Valley, Illinois, in conjunction with a real estate development partner. The benefits of the clean electric power... Read More

Clean Electric Power Generated from Project to Benefit New Jerseyans Through the State’s Community Solar Energy Program STAMFORD, Conn. / Dec 17, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 10.5-megawatt solar project on three modern logistics buildings in New Jersey totaling more than 1.1 million sq. ft.,... Read More

STAMFORD, Conn. / Dec 05, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the acquisition of three operational projects in Maine, adding a total of 12.8 MWs to its growing presence in the Pine Tree State. Purchased from multiple developers, the late-stage development projects are part of the company’s strategic focus on acquiring operational... Read More

STAMFORD, Conn. / Dec 02, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Gregg Felton, CEO will be participating in various industry conferences in early December, including a fireside chat at the Jefferies Renewables & Clean Energy Conference (Dec. 4) and a panel discussion at the Bank of America Clean Energy Symposium (Dec. 5), both in... Read More

STAMFORD, Conn. & ROCKVILLE, Md. / Nov 21, 2024 / Business Wire / Altus Power , the largest commercial-scale provider of clean electric power, today announced the acquisition of a 3.4 MW solar project from Chaberton Energy, a Maryland-based national renewable energy project developer, which Altus Power will complete development of and then construct. Upon completion, the power generated by the asset, owned and operated by... Read More

Third Quarter Financial Highlights Third quarter 2024 revenues of $58.7 million, a 30% increase as compared to third quarter 2023 GAAP net income of $8.6 million for third quarter 2024, as compared to $6.8 million for third quarter 2023 Adjusted EBITDA* of $37.0 million for third quarter 2024, a 27% increase as compared with third quarter 2023 Recent Business Highlights Nationwide portfolio that surpassed 1 GW in operating... Read More

STAMFORD, Conn. / Oct 31, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced the successful completion of three new solar projects in Maine, adding a total of 19.1 MWs to the company’s expanding portfolio. By collaborating with multiple development... Read More

STAMFORD, Conn. / Oct 30, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the third quarter of 2024 after the closing of the New York Stock Exchange on Tuesday, November 12, 2024. Following the release, Altus CEO Gregg Felton and CFO Dustin Weber will host a conference call at 4:30pm ET to review results... Read More

STAMFORD, Conn. / Oct 29, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that Skylar Werde has joined the company as Head of Community Solar. Werde, an executive with deep experience building and managing teams, will oversee the entire Altus Power Community Solar business, both B2B and B2C, including team management, strategy, revenue, customer... Read More

STAMFORD, Conn. / Oct 15, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that a formal review of strategic alternatives has been underway by its Board of Directors. The goal of the comprehensive review is to assess and determine the strategic alternatives that will unlock shareholder value and optimize access to capital for the company. “Our... Read More

Company highlights growth and momentum across key areas of the business STAMFORD, Conn. / Oct 10, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced that its nationwide portfolio of assets in operation topped one gigawatt. The market leader in commercial solar now operates more than 500 projects across 25 states and has expanded its Community Solar... Read More

Clean electric power to benefit the San Manuel Landing. STAMFORD, Conn. / Oct 08, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced an agreement to construct a 1.6 megawatt solar project at the San Manuel Landing, a 1.1 million square foot Class-A logistics center located in San Bernardino, Calif. Altus originated the project in conjunction with... Read More

STAMFORD, Conn. / Oct 01, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the successful structuring of a groundbreaking tax equity transaction and partnership model with its existing partners. This transaction marks a significant evolution for Altus Power, which maximizes market efficiency and competitiveness in structuring renewable energy... Read More

STAMFORD, Conn. / Sep 12, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power in the US, today released its 2023 Sustainability Report "Renewable Energy, Responsible Practices," highlighting the company’s progress over the past year in its Environmental, Social and... Read More

Clean electric power generated by systems to benefit local municipalities through Community Solar STAMFORD, Conn. / Sep 12, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the addition of two operational solar projects in Colorado, totaling 2.5 megawatts. The clean electric power generated by the ground-mounted systems will benefit local... Read More

Limited number of spots available in soon to be energized project at the Morgan Stanley campus in Purchase, NY STAMFORD, Conn. / Aug 22, 2024 / Business Wire / In the city that never sleeps, every New York minute counts. And now, in just a minute, you can make a lasting impact on your energy bill and the environment. Say hello to Altus Power Community Solar, the no-strings-attached way to power your community with the... Read More

Clean electric power to benefit local residents Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the completion of two solar projects in Maine, totaling 12.6 MWs, increasing the size of the company’s portfolio in the Pine Tree State. Initially developed by one of its partners, these newly built ground-mounted projects will generate clean, electric power with the... Read More

Second Quarter Financial Highlights Second quarter 2024 revenues of $52.5 million, a 13% increase as compared to second quarter 2023 GAAP net income of $33.1 million for second quarter 2024, as compared to $3.4 million for second quarter 2023 Adjusted EBITDA* of $31.2 million for second quarter 2024, or a 2% increase as compared with second quarter 2023 Recent Business Highlights Increased portfolio size by 42% as compared... Read More

STAMFORD, Conn. / Aug 01, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial-scale provider of clean electric power, announced today that Richard A. Shapiro has joined its Board of Directors. Shapiro will serve as chair of the Compensation Committee. “Altus Power’s position as the largest player in the commercial solar space, together with our expertise and platform capability allow us to deliver the... Read More

STAMFORD, Conn. / Jul 18, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the second quarter of 2024 after the closing of the New York Stock Exchange on Thursday, August 8 th . Following the release, Altus CEO Gregg Felton and CFO Dustin Weber will host a conference call at 4:30pm ET to review... Read More

STAMFORD, Conn. / Jun 24, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced the acquisition of an 8.5 MW solar array in New Jersey. The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits (SRECs), and increases the size of the company’s New... Read More

STAMFORD, Conn. / Jun 05, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the largest commercial scale provider of clean electric power, today announced its CEO, Gregg Felton, and CFO, Dustin Weber, will attend various industry conferences and investor meetings over the next several weeks. Felton and Weber will participate in fireside chats at the 3 rd Annual Evercore ISI Global Clean Energy & Transition Technologies... Read More

First Quarter Financial Highlights First quarter 2024 revenues of $40.7 million, a 38% increase as compared to first quarter 2023 GAAP net income of $4.1 million for first quarter 2024, an increase as compared to $3.8 million for first quarter 2023 Adjusted EBITDA* of $19.7 million for first quarter 2024, or a 23% increase as compared with first quarter 2023 Recent Business Highlights Added ~4,000 Community Solar customers,... Read More

The Board of Directors has Accepted the Resignation of Lars Norell as co-CEO and Appointed Gregg Felton as sole Chief Executive Officer STAMFORD, Conn. / Apr 29, 2024 / Business Wire / Altus Power, Inc. (NYSE:AMPS) (“Altus Power” or the “Company”) announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed... Read More

STAMFORD, Conn. / Apr 15, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the largest commercial-scale provider of clean electric power, today announced that it will report financial results for the first quarter of 2024 after the closing of the New York Stock Exchange on Thursday, May 9, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature... Read More

Full Year 2023 Financial Highlights Full year 2023 revenues of $155.2 million, a 53% increase compared to full year 2022 GAAP net loss of $26.0 million for full year 2023, compared to net income of $52.2 million for full year 2022 Adjusted EBITDA* of $93.1 million for full year 2023, a 59% increase compared to full year 2022 Net cash provided by operating activities of $79.4 million, a 125% increase over 2022 Adjusted EBITDA... Read More

STAMFORD, Conn. / Mar 04, 2024 / Business Wire / Altus Power (NYSE: AMPS), the largest commercial scale provider of clean, electric power, today announced the appointment of Robert Bernard, CBRE’s Chief Sustainability Officer, to its Board of Directors. Bernard assumes the board seat made available by the recent retirement of Bill Concannon, who led CBRE’s partnership with Altus Power since 2021. “With more than two decades... Read More

STAMFORD, Conn. / Feb 07, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the full year of 2023 after the closing of the New York Stock Exchange on Thursday, March 14, 2024. The earnings release will be followed by a conference call for investors at 4:30 PM Eastern Time. The call will feature... Read More

Clean electric power generated from solar arrays across the Northeast to benefit Community Solar subscribers, school districts and municipalities STAMFORD, Conn. / Jan 31, 2024 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the signing and closing of approximately 84 MWs of commercial-scale solar arrays from Vitol, the largest independent energy... Read More

STAMFORD, Conn. / Jan 10, 2024 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton, Lars Norell, and other members of the Altus Power team will present at various industry conferences and investor meetings, including the Consumer Electronics Show (Jan. 11), the Carbon Risk Real Estate Monitor (CRREM) and United Nations... Read More

First Corporate Term Loan Offers Additional Flexibility to Fund Future Growth Plans STAMFORD, Conn. / Jan 02, 2024 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of secured credit facility having a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management (“Goldman Sachs”) and CPPIB Credit Investments... Read More

Expands its presence in the Southeast STAMFORD, Conn. / Dec 21, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its acquisition of Project Hyperion, LLC, comprising of 121 megawatts in solar assets, primarily located in North and South Carolina. Hyperion was acquired from funds advised by Basalt Infrastructure Partners LLC... Read More

STAMFORD, Conn. / Dec 20, 2023 / Business Wire / Continuing its growth momentum and further cementing its presence on the West Coast, Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the strategic acquisition of the core business of Unico Solar Investors (“Unico Solar”). Altus will acquire Unico Solar’s development platform, pipeline and senior leadership team as well... Read More

STAMFORD, Conn. / Nov 28, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its co-CEOs, Gregg Felton and Lars Norell, and other members of the Altus Power team, will participate in various industry conferences and investor meetings over the next several weeks across multiple cities, including the Morgan Stanley Energy & Clean Tech Symposium (Dec.... Read More

Industry first platform empowers informed decisions about reducing carbon emissions STAMFORD, Conn. / Nov 14, 2023 / Business Wire / Ushering in a new era of responsible corporate stewardship, Altus Power (NYSE: AMPS) today announced its AI-powered SaaS solution for businesses, Altus IQ ™, designed to give comprehensive energy usage insights to clients as they strive to achieve ambitious net-zero goals. The all-in-one... Read More

Construction Facility Provided by Insurance Companies to fund Altus Power Assets During Construction STAMFORD, Conn. / Nov 13, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the closing of its Blackstone Construction Facility. The facility is designed for the construction of commercial solar assets and includes capacity of $200 million to... Read More

Third Quarter Financial Highlights Third quarter 2023 revenues of $45.1 million, an increase of 48% over third quarter 2022 GAAP net income of $6.8 million for third quarter 2023, an increase of $103 million over third quarter 2022 Adjusted EBITDA* of $29.1 million for third quarter 2023, an increase of 50% over third quarter... Read More

Efforts Focused on Industrial Real Estate Assets in Southern California DALLAS / Nov 08, 2023 / Business Wire / Transwestern Investment Group (TIG ® ) and Altus Power , the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate... Read More

STAMFORD, Conn. / Nov 01, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors. Ms. Reich will serve as a member of both the Audit Committee and the Nominating and Corporate Governance Committee. “Altus Power is already supplying hundreds of large enterprises and thousands of residential... Read More

Clean electric power to benefit local residents through New Jersey’s Community Solar program STAMFORD, Conn. / Oct 19, 2023 / Business Wire / Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced the completion of 19 solar arrays... Read More

STAMFORD, Conn. / Oct 10, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced that it will report financial results for the third quarter of 2023 before the opening of the New York Stock Exchange on Monday, November 13, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call... Read More

STAMFORD, Conn. / Sep 28, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced it has been awarded program allocation for an additional 18 MWs of new rooftop Community Solar arrays that are expected to provide the benefits of clean energy at a discount to residential and commercial customers in the state of Illinois. The planned arrays will be built... Read More

Morgan Stanley to anchor new 2.7 megawatt array which will offer discounted electric power to local community STAMFORD, Conn. / Sep 14, 2023 / Business Wire / Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced a new solar project... Read More

STAMFORD, Conn. / Sep 08, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced the addition of 3 MW in solar arrays to its operating portfolio currently serving the Greater Boston area. The assets were introduced by a Massachusetts developer and add to the company’s 117 MW in Massachusetts as of June 30, 2023. “We’re pleased to continue the expansion... Read More

Second Quarter Financial Highlights Second quarter 2023 revenues of $46.5 million GAAP net income of $3.4 million for second quarter 2023 Adjusted EBITDA* of $30.6 million for second quarter 2023 Adjusted EBITDA margin* of 66% for second quarter 2023 Recent Business Highlights Executed exclusive agreement with High Street Logistics to deploy solar across its portfolio of 144 logistics facilities During August, completed... Read More

STAMFORD, Conn. / Jul 31, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading independent owner and operator of commercial-scale solar solutions, today released its 2022 Sustainability Report , “Making Power, Making Progress,” highlighting the company’s progress and commitment to sustainability in the areas of Environmental, Social and Governance (ESG). “Altus Power was founded with the goal of addressing the urgent... Read More

15 Megawatt-Hour Battery Added to Altus Power Portfolio STAMFORD, Conn. / Jul 25, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading independent owner of commercial-scale solar solutions, today announced the addition of a new combined 10 megawatt solar plus 15 megawatt-hour battery storage system located in... Read More

HP Inc. and Keysight Technologies join Altus Power’s roster of corporate customers STAMFORD, Conn. / Jul 19, 2023 / Business Wire / Altus Power (NYSE: AMPS), a leading independent developer, owner and operator of commercial-scale solar facilities, today announced that it has acquired approximately 4.4 megawatts (MW) of operating solar assets in Southern California from funds managed by affiliates of Apollo (NYSE: APO). The... Read More

STAMFORD, Conn. / Jul 17, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the second quarter of 2023 before the opening of the New York Stock Exchange on Monday, August 14, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Lars Norell, Co-Chief... Read More

Program offering the benefits of discounted clean, electric power opens for renters and homeowners STAMFORD, Conn. / Jul 13, 2023 / Business Wire / Altus Power (NYSE: AMPS), the leading end-to-end provider of clean, distributed electric power, today announced that New Jersey residents are able to sign up for Altus Power... Read More

STAMFORD, Conn. / Jul 05, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today announced completion of the development and construction of a 4.8 megawatt (MW) ground-mounted solar array in Cayuga County, New York. The asset will be owned and operated by Altus Power and will generate clean electric power in support of New... Read More

Will deliver Oahu residents access to clean and discounted electric power STAMFORD, Conn. / Jun 22, 2023 / Business Wire / Altus Power (NYSE: AMPS) today announced Hawaii’s largest Community Solar project to date that will soon deliver clean electric power at a discount to a local medical facility, its employees, and residents of Oahu. Consumers who subscribe to Altus Power’s Community Solar Partnership Program will generate... Read More

STAMFORD, Conn. / Jun 20, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has secured an incremental $47 million in capital from Blackstone. This incremental debt will provide long-term fixed rate financing for 35 megawatts of operating assets in Altus Power’s portfolio.... Read More

High Street to Decarbonize its National Real Estate Portfolio Under Exclusive Agreement with Altus Power STAMFORD, Conn. & WOBURN, Mass. / Jun 15, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, and High Street Logistics Properties,LLC (“High Street”), today announced an exclusive strategic... Read More

1.5 Megawatt Asset to Serve Local Non-Profit Corporation STAMFORD, Conn. / May 18, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today announced completion of the development and construction of a 1.5 megawatt (MW) car canopy solar array in Mount Laurel, New Jersey. Altus Power will provide... Read More

First Quarter Financial Highlights First Quarter 2023 revenues of $29.4 million, a 53% increase as compared to first quarter 2022 GAAP net income of $3.8 million for first quarter 2023, a decrease as compared to $60.1 million for first quarter 2022, primarily as a result of changes in non-cash remeasurement of alignment shares Adjusted EBITDA* of $16.0 million for first quarter 2023, or a 83% increase as compared with first... Read More

1.4 Megawatt Asset To Serve Altus Power Community Solar Customers Company Footprint Grows To 25 States Across the U.S. STAMFORD, Conn. / May 04, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today announced that it has entered Maine as its twenty-fifth market in the United States with the... Read More

Newly Constructed Asset Will Serve Altus Power Community Solar Customers STAMFORD, Conn. / Apr 27, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, today announced that it has increased its presence in the State of Maryland with the completion of development and construction of a 2.5 megawatt... Read More

STAMFORD, Conn. / Apr 26, 2023 / Business Wire / Altus Power, Inc . (NYSE: AMPS) today announced that it will report financial results for the first quarter of 2023 before the opening of the New York Stock Exchange on Monday, May 15, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive... Read More

STAMFORD, Conn. / Apr 24, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner, and operator of commercial-scale solar facilities, announced it has been added to the iShares Global Clean Energy ETF (NYSE: ICLN), effective today. The iShares Global Clean Energy ETF seeks to track the investment results of an index composed of global equities in the... Read More

STAMFORD, Conn. / Apr 21, 2023 / Business Wire / Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that, together with one of its construction partners, it has completed development and construction of a four-megawatt ground-mounted solar system located on Hartford Avenue in Providence County, Rhode... Read More

STAMFORD, Conn. / Apr 14, 2023 / Business Wire / Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced that the Company will participate in the J.P. Morgan Alternative Energy Spotlight Series on Monday, April 17, 2023 at 2:00pm ET. The event is open to the clients of J.P. Morgan Equity Research and interested investors should... Read More

Full Year 2022 Financial Highlights Full year 2022 revenues of $101.2 million, a 41% increase as compared to full year 2021 GAAP net income of $52.2 million for full year 2022, an increase as compared to $13.0 million for full year 2021 Adjusted EBITDA* of $58.6 million for full year 2022, or a 43% increase as compared with full year 2021 Adjusted EBITDA margin* of 58% for full year 2022, compared to 57% for full year 2021... Read More

Altus Power, Inc . (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today updated stakeholders that it has no exposure to Silicon Valley Bank, Signature Bank or First Republic Bank or their affiliates. Altus Power holds its cash and equivalents, and marketable securities at other institutions and the Company is not party to any... Read More

Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the full year of 2022 before the opening of the New York Stock Exchange on Thursday, March 30, 2023. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Lars Norell, Co-Chief Executive Officer and Dustin Weber, Chief Financial Officer.... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it closed on the acquisition of approximately 220 megawatts (MW) of solar assets, including 207 MW of operating assets and 13 MW of assets under construction. These assets were purchased from True Green Capital Fund III, L.P. under definitive... Read More

Altus Power, Inc. (“Altus Power”) (NYSE: AMPS) today announced, in partnership with Blackstone (NYSE: BX) and CBRE (NYSE: CBRE), Altus Power has advanced its Community Solar Partnership Program for large enterprises by offering each company’s employees the opportunity to subscribe to the benefits of clean electricity from solar arrays owned and operated by Altus Power. Employees who subscribe to Altus Power’s Community Solar... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the appointment of Sophia Lee as its Chief Sustainability Officer, in addition to her current role as the Company’s Chief Legal Officer. “Sophia’s dedication to formalizing our firm-wide commitment to sustainability practices and her determination to... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that Diane Brink has joined its Board of Directors. Ms. Brink will additionally chair the Compensation Committee and serve as a member of the Audit Committee. “Diane’s proven track record leading marketing and customer experience complements the skill set... Read More

New agreement refinances and upsizes assumed DESRI facility up to $141.3 million at an effective fixed rate of 4.885% for five years Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, announced that on December 23, 2022, it refinanced and upsized the term loan facility assumed with the recently executed D.E. Shaw... Read More

Altus Power’s portfolio of solar and storage assets expected to grow to approximately 690 megawatts across 24 states Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), a premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it entered a definitive agreement... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced it has closed on a revolving credit facility (the “Credit Facility”) which provides the Company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS) today announced it has launched its digital platform for Community Solar and it is now available on the Apple App Store and on its website . Altus Power’s Community Solar program matches individuals and communities with solar projects built locally. These programs offer customers a discount on their monthly energy bills and adds clean power to their community by... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has closed on the acquisition of approximately 88 megawatts (MW) of operating solar assets. These assets were purchased from D. E. Shaw Renewable Investments (DESRI), under definitive agreements that were previously announced on September 27,... Read More

Third Quarter 2022 Financial Highlights Revenues of $30.4 million during third quarter 2022, an increase of 51% over third quarter 2021 GAAP net loss of $96.6 million, as compared to third quarter 2021 net loss of $1.3 million driven by a $102.0 million non-cash loss from fair value remeasurement of both warrants and alignment shares Adjusted EBITDA* of $19.4 million, an increase of 66% over third quarter 2021 Adjusted... Read More

Altus Power, Inc. (NYSE: AMPS) today announced that it will report financial results for the third quarter of 2022 before the opening of the New York Stock Exchange on Monday, November 14, 2022. The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day. The call will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin Weber, Chief Financial... Read More

Altus Power, Inc . (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the results of the completed redemption of all of its outstanding public warrants (the "Public Warrants") and private warrants (the “Private Warrants” and together with the Public Warrants, the “Warrants”) to purchase shares of the Company's Class A... Read More

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”) (Nasdaq: AMPS), announced that as of October 10, 2022, approximately 10,839,987 public and private placement warrants (the “Redeemable Warrants”) have been exercised. As previously announced on September 15, 2022, the Company provided notice to the holders of the Redeemable Warrants that their warrants will be redeemed in accordance with the terms of the Warrant... Read More

Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced the pricing of a secondary underwritten public offering of its Class A common stock by a selling stockholder affiliated with Blackstone (“Blackstone”). The offering consists of 7,000,000 shares being sold by Blackstone at a public offering price of $11.50 per share, which... Read More

Altus Power, Inc. (“Altus Power”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that a selling stockholder affiliated with Blackstone (“Blackstone”) intends to offer and sell 7,000,000 shares of Altus Power’s Class A common stock in a secondary underwritten public offering. In connection with the offering, Blackstone is expected to grant the... Read More

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced definitive agreements to acquire approximately 97 megawatts (MW) of operating solar assets for approximately $220 million funded by a combination of cash... Read More

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it will redeem all of its remaining public and private placement warrants (the “Warrants”) to purchase shares of Altus Power’s Class A common stock (the “Class A Common Stock”) that are governed by the Warrant Agreement, dated as of December 10, 2020... Read More

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that Greg Roer has joined as a Managing Director of Altus Power’s Origination Team. Roer joins Altus Power after 15 years at Goldman Sachs where he... Read More

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today issued a statement in support of the Inflation Reduction Act, recently signed into law by President Biden. Altus expects to utilize many of the provisions included in the new law. In addition, Altus Power believes the law provides significant indirect benefits to... Read More

Altus Power, Inc . (NYSE: AMPS) (“Altus Power” or the “Company”), a premier commercial-scale clean electrification company, today announced its financial results for the second quarter of 2022. “During second quarter we entered into a large number of commitments to supply clean energy with new customers stemming from our early collaboration with CBRE and continued collaboration with Blackstone and our channel partners," said... Read More