Alternus Clean Energy, Inc.

Alternus Clean Energy, Inc. is a comprehensive clean energy provider focused on renewable energy generation. The Company, incorporated on May 14, 2021, under Delaware law, has 14 employees: 7 in Dublin, Ireland, 2 at its New York headquarters, 2 remote in the US, and 3 in Europe, performing business development, finance, and management functions. Alternus Clean Energy builds a portfolio of assets and a comprehensive clean energy platform to deliver reliable power. Its current energy generation activities focus on two main market segments: (1) utility-scale solar and storage facilities that connect and supply clean energy directly to national power grids under long-term offtake contracts, and (2) microgrids that generate on-site, 'behind-the-meter', clean energy for corporate clients using a combination of wind, solar, and storage facilities within their own premises. The Company currently operates these businesses in North America and Europe. Alternus operates across the entire renewable energy project lifecycle, from early-stage development through construction, long-term ownership, and recurring revenue generation. Its "develop-to-own or sell" model aims to minimize capital and equity requirements while maximizing value capture throughout each project phase. The Company classifies project stages, noting that acquiring projects earlier in the cycle allows it to retain more of the project market value created as it passes each milestone.