Clearway Energy unit agrees to buy Utah battery storage portfolio for about $119 million cash

Bitget2026/10/07 20:46

Clearway Energy entered a deal for its subsidiary to buy membership interests in Honeycomb 2 TargetCo for about $119 million cash. TargetCo is set to indirectly own three Utah battery storage projects totaling about 210 MW in Beaver County and Iron County. Price may adjust using a financial model tied to minimum economic thresholds. Closing is expected in the fourth quarter of 2027, subject to customary conditions and third-party actions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clearway Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-114388), on October 07, 2026, and is solely responsible for the information contained therein.

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Clearway Energy entered a deal for its subsidiary to buy membership interests in Honeycomb 2 TargetCo for about $119 million cash.
TargetCo is set to indirectly own three Utah battery storage projects totaling about 210 MW in Beaver County and Iron County.
Price may adjust using a financial model tied to minimum economic thresholds.
Closing is expected in the fourth quarter of 2027, subject to customary conditions and third-party actions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clearway Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-114388), on October 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Clearway Energy unit agrees to buy Utah battery storage portfolio for about $119 million cash

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