Clearway Energy to buy Utah battery storage stake for ~$119 million

Clearway Energy Inc. (CWEN) filed a Form 8K - Entry Into a Definitive Agreement - with the U.S Securities and Exchange Commission on October 07, 2026. On October 1, 2026, Honeycomb 2 Purchaser LLC ("Purchaser"), a subsidiary of Clearway Energy, Inc. (the "Company"), entered into a Membership Interest Purchase Agreement (the "Purchase Agreement") with Honeycomb 2 CE Seller LLC ("Seller"), an affiliate of Clearway Energy Group LLC ("CEG"). Pursuant to the terms of the Purchase Agreement, Purchaser will acquire from Seller certain limited liability company membership interests in Honeycomb 2 TargetCo LLC ("Target Company"), which, subject to certain terms and conditions referenced in the Purchase Agreement, will become the indirect owner of all of the limited liability company interests in Escalante BESS II LLC, Escalante BESS III LLC and Granite Mountain BESS West LLC (collectively, the "Project Companies"), for a base purchase price of approximately $119 million in cash, subject to adjustments based on a financial model designed to achieve certain minimum economic thresholds (the "Transaction"). The Project Companies own and are developing three battery energy storage facilities and associated infrastructure, representing an aggregate capacity of approximately 210 megawatts, in Beaver County and Iron County, Utah. 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. The Purchase Agreement contains customary representations, warranties and covenants made by each of the parties. In addition, Purchaser, on the one hand, and Seller, on the other hand, are obligated, subject to certain limitations, to indemnify each other and their respective officers, directors, employees, counsel, accountants, financing advisors, consultants and agents for certain customary and other specified matters, including breaches of representations and warranties, nonfulfillment or breaches of covenants and for certain liabilities and third-party claims. The closing of the Transaction (the "Closing") is subject to the satisfaction or waiver of a number of customary closing conditions and certain third-party actions. 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 foregoing description of the Transaction and the Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, reference to the full text of the Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The full text of this SEC filing can be retrieved at: Any exhibits and associated documents for this SEC filing can be retrieved at: Public companies must file a Form 8-K,