Alternus Clean Energy Inc's Business Segments

Alternus Clean Energy, Inc., incorporated in 2021 and formerly known as Clean Earth Acquisitions Corp., is an energy transition company specializing in decentralized onsite energy solutions. The company operates primarily through its joint venture EverOn Energy LLC, formed with Hover Energy LLC, to develop wind-powered clean energy microgrids in the United States and United Kingdom. These microgrids combine compact wind turbines, solar panels, and battery storage to deliver power directly at customer locations in sectors including big box retail, real estate, education, and manufacturing. Alternus generates revenue mainly through long-term Power Purchase Agreements (PPAs) and Energy-as-a-Service (EaaS) contracts, providing energy at rates below customers' current tariffs without requiring upfront capital expenditures. This approach creates stable, recurring income streams and enables faster revenue generation with lower equity requirements compared to traditional utility-scale projects. The company’s near-term focus is on the microgrid and onsite energy market, driven by increasing electricity demand from AI infrastructure, data centers, and onshored heavy industry. Alternus aims to expand its portfolio by adding durable income streams from each microgrid installation, positioning itself as a long-term owner and operator of decentralized energy infrastructure to support the global energy transition and digital economy growth.