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Get filing alertsClearway Energy to acquire 210 MW Utah battery storage portfolio for ~$119M
Filed October 7, 2026 · Period ending October 1, 2026 · ~1 min read
Key Changes
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Subsidiary Honeycomb 2 Purchaser LLC agreed to buy membership interests in a target company that will indirectly own three battery storage project companies in Utah for a base purchase price of approximately $119 million in cash, subject to adjustments tied to minimum economic thresholds.
Item 1.01 verify on EDGAR → -
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The projects represent roughly 210 megawatts of battery energy storage capacity in Beaver County and Iron County, Utah.
Item 1.01 verify on EDGAR → -
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After closing, Clearway Energy's subsidiary will own 100% of the class A units of the target company, while Clearway Renew LLC, an affiliate of the seller, will own 100% of the class C units.
Item 1.01 verify on EDGAR → -
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Closing is expected during the fourth quarter of 2027, subject to customary conditions and certain third-party actions.
Item 1.01 verify on EDGAR →
Summary
Clearway Energy, Inc. disclosed that its subsidiary has agreed to acquire three battery energy storage projects in Utah with an aggregate capacity of approximately 210 megawatts. The base purchase price is approximately $119 million in cash, subject to adjustments based on a financial model designed to achieve certain minimum economic thresholds. The transaction is expected to close in the fourth quarter of 2027, subject to customary closing conditions and certain third-party actions.
For retail investors, this acquisition expands Clearway Energy's portfolio into battery storage, a growing segment of the renewable energy market. The joint ownership structure, with the seller's affiliate retaining class C units, suggests continued involvement by the seller in the projects. The closing timeline provides a clear expectation for when the acquisition will be completed, though the transaction remains subject to conditions that could affect timing or completion.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Clearway Energy subsidiary to buy 3 Utah battery storage projects (~210 MW) for ~$119M from CEG affiliate, closing Q4 2027.
Added in current filing · verify on EDGAR →
Effective at the closing of the Transaction, Purchaser will own 100% of the class A units of the Target Company and Clearway Renew LLC, a wholly owned subsidiary of CEG and the parent company of Seller, will own 100% of the class C units of the Target Company.
After closing, Clearway Energy's subsidiary will own all class A units while Clearway Renew LLC, an affiliate of the seller, will own all class C units. This creates a joint ownership structure with the seller's affiliate retaining a class C interest.
Added in current filing · verify on EDGAR →
Subject to the satisfaction or waiver of the conditions set forth in the Purchase Agreement, the Closing is expected to occur during the fourth quarter of 2027.
The transaction is expected to close in Q4 2027, subject to customary closing conditions and certain third-party actions. This gives investors a timeline for when the acquisition will be completed.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 8, 2026 · How we verify