Clearway Energy's Subsidiary Enters Membership Interest Purchase Agreement; Purchaser To Buy Interests In Honeycomb 2 Targetco, Indirect Owner Of Three Project Companies; Base Purchase Price For Deal Is About $119M In Cash

On October 1, 2026, Clearway Energy's subsidiary, Honeycomb 2 Purchaser LLC, entered into a Membership Interest Purchase Agreement to acquire certain membership interests in Honeycomb 2 TargetCo LLC for a base purchase price of approximately $119 million in cash. This acquisition will make Honeycomb 2 Purchaser the indirect owner of three project companies developing battery energy storage facilities with a total capacity of about 210 megawatts in Utah. Upon closing, Purchaser will own 100% of the class A units of the Target Company.