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.

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