Articles from Altus Power, Inc.

Altus Power (NYSEAMPS), 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 energy consumption, providing the power it generates at a discounted rate. It is also expected to reduce emissions by 1,000 metric tons of CO2 annually and 35,000 metric tons over its useful life.

Altus Power (NYSEAMPS), 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 generated by the array will be delivered under a long-term contract to the tenant, helping to decarbonize its operations at the site, as well as supporting the Illinois Shines program.

Altus Power (NYSEAMPS), 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., developed by Trammell Crow Company (TCC) and CBRE Investment Management (CBRE IM). Upon completion, the benefits of the clean electric power generated from the solar array will be made available to CBRE IM tenants and local New Jersey residents through the Altus Power Community Solar program, part of the New Jersey Community Solar Energy Program.

Altus Power (NYSEAMPS), 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 assets that provide immediate benefits to local communities.

Altus Power (NYSEAMPS), 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 New York.

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 Altus and located in East New Market, Maryland, will deliver the benefits of clean, electric power to the local community, through Maryland’s Community Solar Energy Generating Systems (CSEGS) pilot program.

Altus Power, Inc. (NYSEAMPS) (“Altus Power,” “we,” “us,” “our” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for the third quarter of 2024.

Altus Power (NYSEAMPS), 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 partners, Altus Power has streamlined operations, consolidating these projects to become the sole owner producing enhanced operational efficiency within Maine.

Altus Power (NYSEAMPS), 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.

Altus Power (NYSEAMPS), 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 acquisition, marketing and customer support.

Altus Power (NYSEAMPS), 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.

Altus Power (NYSEAMPS), 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 program to nine states, with more than 25,000 subscribers.

Altus Power (NYSEAMPS), 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 its partner, Trammell Crow Company, which developed the San Manuel Landing with the San Manuel Band of Mission Indians (SMBMI).

Altus Power (NYSEAMPS), 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 project financings.

Altus Power (NYSEAMPS), 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 Governance initiatives.

Altus Power (NYSEAMPS), 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 municipalities, including the City of Pueblo, Pueblo Community College and the Pueblo County School District, through the Altus Power Community Solar program, part of the Black Hills Energy Colorado community solar program.

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 benefits of clean, renewable energy. Altus Power (NYSEAMPS), the largest commercial scale provider of clean electric power, is offering slots to both renters and homeowners who are looking for opportunities to save on their annual utility costs while supporting New York’s transition to clean electric power.

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Altus Power, Inc. (NYSEAMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for the second quarter of 2024.

Altus Power (NYSEAMPS), 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, Inc. (NYSEAMPS), 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 8th.

Altus Power (NYSEAMPS), 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 Jersey portfolio to 185.5 MW in aggregate.

Altus Power, Inc. (NYSEAMPS), 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 3rd Annual Evercore ISI Global Clean Energy & Transition Technologies Summit (June 12) and the JP Morgan 2024 Energy, Power & Renewables Conference (June 18), both in New York. Both will also participate in the Roth 10th Annual London Conference (June 26-27).

Altus Power, Inc. (NYSEAMPS) ("Altus Power" or the "Company"), the largest commercial scale provider of clean, electric power, today announced its financial results for first quarter of 2024.

Altus Power, Inc. (NYSEAMPS) (“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 Gregg Felton as sole Chief Executive Officer of the Company. Mr. Felton will assume all of the duties formerly performed by Mr. Norell.

Altus Power, Inc. (NYSEAMPS), 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.

Altus Power, Inc. (NYSEAMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2023.

Altus Power (NYSEAMPS), 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.

Altus Power, Inc. (NYSEAMPS), 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.

Altus Power (NYSEAMPS), 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 trader globally, for total proceeds of approximately $118 million. The acquisition adds thousands of new long-term Community Solar, school district and other enterprise customers served by a mix of rooftop, ground and carport arrays to Altus Power’s strong customer base across the Northeast, notably in New York, New Jersey and Maine.

Altus Power (NYSEAMPS), 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 Environment Programme Finance Initiative (UNEP FI) webinar series (Jan. 16), and the 26th Annual Needham Growth Conference (Jan. 17).

Altus Power, Inc. (NYSEAMPS), 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 III Inc., a subsidiary of Canada Pension Plan Investment Board (“CPP Investments”). Altus Power plans to use proceeds from the facility to support its ongoing expansion. The facility carries an interest rate of 8.50% and a term of six years and is prepayable without penalty after three years.

Altus Power, Inc. (NYSEAMPS), 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 and Soltage, LLC, a leading owner and developer of distributed solar and storage assets. The transaction expands Altus’ presence in the Southeast and introduces new government and municipal entities into the Altus portfolio.

Continuing its growth momentum and further cementing its presence on the West Coast, Altus Power (NYSEAMPS), 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 as new offices in Denver and Seattle.

Altus Power (NYSEAMPS), 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. 6), the Raymond James TMT and Consumer Conference (Dec. 4-6) and Janney’s Clean Investment Symposium (Dec. 5-6).

Ushering in a new era of responsible corporate stewardship, Altus Power (NYSEAMPS) 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 cloud-based dashboard uses proprietary formulas and industry standard data sources to give businesses a detailed understanding of their energy usage and empower them with actionable insights to reduce emissions, generate solar savings and meaningfully improve their carbon footprint across properties.

Altus Power, Inc. (NYSEAMPS), 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 fund costs including equipment, labor, interconnection as well as development fees.

Altus Power, Inc. (NYSEAMPS), the leading commercial-scale provider of clean electric power, today announced its financial results for the third quarter of 2023.

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 properties, furthering Transwestern’s commitment to its stated ESG objectives.

Altus Power, Inc. (NYSEAMPS), 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, Inc., (NYSEAMPS), 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 across New Jersey utilizing rooftops from Brennan Investment Group’s portfolio of logistics buildings. In total, the assets will represent 7.4 megawatts (MWs) of solar arrays which will be owned and operated by Altus Power and will offer the benefits of clean, electric power to the local community.

Altus Power, Inc. (NYSEAMPS), 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.

Altus Power (NYSEAMPS), 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 on rooftops across several portfolios of real estate throughout the state, including assets managed by Iron Mountain, CBRE Investment Management and other industrial owners of real estate, all of which will receive rental income from a rooftop lease agreement with Altus Power.

Altus Power, Inc., (NYSEAMPS), 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 with Morgan Stanley NYSE: MSNYSEMS)

Altus Power (NYSEAMPS), 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.

Altus Power, Inc. (NYSEAMPS) (“Altus Power,” “we,” “us,” “our,” or the “Company”), the leading commercial-scale provider of clean electric power, today announced its financial results for the second quarter of 2023.

Altus Power (NYSEAMPS), 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: APONYSEAPO)

Altus Power, Inc. (NYSEAMPS) 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.

Altus Power, Inc. (NYSEAMPS), 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 York’s community solar program, serving both municipal and residential customers.

Altus Power (NYSEAMPS) 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 savings on their monthly utility bills while also supporting Hawaii’s transition to clean electric power, with a projected savings of up to $500 annually, compared to their local utility bills.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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. The use of proceeds includes payoff of the $15.8 million outstanding under the Company’s construction facility with the remainder as net cash proceeds available to be reinvested in the Company’s business.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 clean energy to a non-profit corporation that provides programs and services to individuals with mental and physical disabilities. The completion of this array adds to Altus Power’s 119 MW portfolio across New Jersey and is part of the expected 40 MWs to be completed by year-end 2023 in the state.

Altus Power, Inc. (NYSEAMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for the first quarter of 2023.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 completion of development and construction of a 1.4 megawatt (MW) ground-mounted solar array located in the state. Altus Power is looking forward to serving additional customers with discounted clean electricity and has numerous additional arrays in the early stages of development in Maine. All of these assets are intended to serve a diversity of Mainers in the future, including commercial, industrial, municipal and community subscribers.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 (MW) ground-mounted solar array located in Garrett County. Altus Power has served enterprises, high schools and colleges in the State of Maryland with clean electricity at a discount since 2011, when its first system was completed. The Company is well positioned to expand in the state with over 50 MWs of solar arrays in contracting, pre-construction, or construction, the majority of which were sourced through the Company’s strategic partnership with CBRE.

Altus Power, Inc. (NYSEAMPS) 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.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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: ICLNNYSEICLN)

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 Island.

Altus Power, Inc. (NYSEAMPS) (“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 inquire through their J.P. Morgan salesperson.

Altus Power, Inc. (NYSEAMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for fourth quarter and full year 2022.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 financing agreement with any of these institutions or their affiliates.

Altus Power, Inc. (NYSEAMPS) 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.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 agreements that were previously announced on December 27th, 2022.

Altus Power, Inc. (“Altus Power”) (NYSEAMPS) today announced, in partnership with Blackstone NYSE: BXNYSEBX)(NYSE: CBRENYSECBRE, 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 Partnership Program will receive a discount on the power they use compared with their local utility, generating savings on their monthly utility bills while also supporting the transition to clean energy.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 Renewable Investments (DESRI) portfolio. The principal amount of the facility was upsized to $141.3 million consisting of a term loan facility for approximately $125.7 million and letters of credit for approximately $15.6 million. The financing agreement includes an interest rate swap which provides for an effective fixed rate of 4.885% for a term of five years.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), a premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it entered a definitive agreement to acquire approximately 220 megawatts (MW) of newly developed and in construction solar assets for approximately $293 million from funds managed by True Green Capital Management LLC (“TGC”). Altus Power and TGC currently expect the transaction will close during first quarter of 2023 upon satisfaction of certain closing conditions. The Company intends to fund the transaction with its long-term funding facility led by Blackstone Structured Finance and cash on hand.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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 vehicle charging. The Credit Facility carries a term of 5 years with a maturity of December 19, 2027.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS) 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 displacing more carbon-intensive utility power. Customers can complete the signup process in under a minute on the new app. It’s like a dating app for the planet that saves you money.

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSEAMPS), 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, 2022.

Altus Power, Inc. (NYSEAMPS) (“Altus Power” or the “Company”), a premier commercial-scale clean electrification company, today announced its financial results for the third quarter of 2022.

Altus Power, Inc. (NYSEAMPS) 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.

Altus Power, Inc. (NYSEAMPS) (“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 common stock, par value $0.0001 per share (the “Class A Common Stock"), that were issued under the Warrant Agreement, dated December 10, 2020, by and between the Company (f/k/a CBRE Acquisition Holdings, Inc.) and Continental Stock Transfer & Trust Company as warrant agent. The Public Warrants were issued as part of the units sold in the Company's initial public offering (the "Offering”). The Private Warrants were issued in private placement that was conducted simultaneously with the Offering.

Altus Power, Inc. (NYSEAMPS) (“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 Agreement dated as of December 10, 2020 between the Company and Continental Stock Transfer & Trust Company, as warrant agent, if they are not exercised before 5:00 p.m. New York City time on October 17, 2022 (the “Redemption Date”).