Company Overview Summary

Name and Legal Status

• Name: Alternus Clean Energy, Inc.
• Legal Incorporation: Delaware, May 14, 2021
• Former Name: Clean Earth Acquisition Corp.

Business Focus

• Industry: Renewable Energy / Clean Energy Provider
• Main Activities:
  • Development, acquisition, operation, and maintenance of renewable energy projects, primarily solar.
  • Focus on utility-scale solar projects and microgrids.
  • Build-to-own or sell model managing projects through all lifecycle stages.
  • Expanding into energy storage and circular economy energy systems.
  • Providing reliable power 24/7/365 to support energy independence and security.

Operations

• Geographic Presence:
  • North America (primarily U.S.)
  • Europe (including significant operations in Ireland and the UK)
• Market Segments:
  • Utility-scale solar and storage facilities connected to grid with long-term offtake contracts.
  • Microgrids generating on-site, 'behind-the-meter' clean energy for corporate clients.
• Current Status of Projects:
  • Operating assets in North America and Europe.
  • Projects are in various stages: development, construction, recently operational, or owned long-term.

Employees

• Total Employees: 14
  • Location breakdown:
    • Dublin, Ireland: 7 employees
    • New York headquarters: 2 employees
    • Remote in U.S.: 2 employees
    • Europe: 3 employees

Revenue and Financials

• Total Shares Outstanding (as of June 6, 2025): 119,718,354
• Market Capitalization (June 28, 2024, based on $9.18/share): approximately $29.5 million
• Revenue (not explicitly provided in the excerpt, but income and recurring revenues are key metrics)
• Revenue Model:
  • Sale of clean energy under long-term PPAs or FiTs to electric grids and corporate clients.
  • Sale of turnkey solutions for full capital expenditure plus margin.
  • Microgrids: revenue from energy sale based on MWh or fixed service fees.
• Revenue streams are stabilized and long-term, with approximately 70% of energy rates contracted long-term.

Ownership & Securities

• Securities:
  • Common Stock (par value $0.0001)
  • Warrants exercisable for shares of common stock
  • Series A Super Voting Preferred Stock (initially 1 share issued in Feb 2025, later amended to 10,000 shares with voting rights)
• Key Stockholders:
  • Beneficial owners include key executives and directors (excluded from non-affiliate market value calculations)
• Stock Market:
  • Listed on OTCQB under symbol "ALCE" and OTC Pink Market.

Business Model Highlights

• Develop-to-own or sell: acquire projects in various stages to optimize risk sharing and value capture.
• Long-term stable revenues via PPAs, FiTs, and service contracts.
• Option to sell assets to generate immediate profit.
• Growing pipeline of new projects through partnerships with local and international developers.
• Focus on diversification, strategic acquisitions, and partnerships to expand the portfolio.

Strategic Goals

• Continue acquiring and developing utility-scale solar and storage projects.
• Expand into microgrid and on-site generation markets.
• Strengthen relationships with developers and partners.
• Expand geographically in attractive regions of North America and Europe.
• Maintain long-term recurring revenue streams and optimize financing.
• Grow via M&A, strategic ventures, and asset monetization strategies.
• Commit to sustainability and environmentally responsible project development.

Additional Details

• Project lifecycle coverage from early development through long-term ownership.
• Revenue supports further growth with flexible capital and debt structuring.
• The business is driven by long-term policies supporting renewable energy, although subject to regulatory and market risks.