Alternus Clean Energy Inc

Earnings data Q1 2024

Earnings data Q4 2023

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Alternus Clean Energy, Inc. operates as a power producer. It develops, installs, owns and operates utility scale solar parks in America and Europe. It operates through the United States and Europe geographical segments. The company was founded by Vincent Browne in 2017 and is headquartered in New York, NY.

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has completed its acquisition of LiiON, LLC, a US-based leader in advanced energy storage solutions, in a move CEO Vincent Browne says will significantly enhance the company's position as a comprehensive energy provider. "Completing this acquisition is a significant step forward for Alternus as we execute our strategy to become a comprehensive energy provider, encompassing utility-scale solar, clean energy microgrids, and other clean technologies,” Browne said in a statement.

Alternus Clean Energy completes acquisition of LiiON, bolstering energy storage capabilities

LiiON brings major clients like Amazon, Walmart, and NASA Completed acquisition is a significant step in Alternus' transition to become a more comprehensive clean energy provider New York, New York--(Newsfile Corp. - December 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a global provider of international renewable energy solutions, announces today it has completed the acquisition of LiiON, LLC ("LiiON") through an asset purchase agreement, entered into with one of Alternus' US subsidiaries. LiiON is a U.S.-based leader in advanced energy storage solutions.

Alternus Clean Energy Completes Acquisition of LiiON, a Leading US-Based Provider of Advanced Energy Storage Solutions

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced it has signed binding terms to acquire LiiON, a leading US-based provider of advanced energy storage solutions, marking a significant step in expanding its renewable energy capabilities. The company said the acquisition will bolster its ability to offer comprehensive energy solutions, particularly in the microgrid market, and enhance its Battery Energy Storage (BESS) division.

Alternus Clean Energy to acquire energy storage solutions provider LiiON

Acquisition will bring proven pedigree and expertise in battery storage and support push into Microgrids New York, New York--(Newsfile Corp. - November 25, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a growing international renewable energy provider, today announces the signing of binding terms with LiiON, LLC, ("LiiON") a U.S.-based expert in advanced energy storage solutions. LiiON was founded in 2009 by a group of senior power quality experts with extensive backgrounds in engineering, marketing and sales of storage technology and services with large battery companies in the industry.

Alternus Clean Energy Announces Binding Terms for Acquisition of Leading Storage and Solution Provider LiiON, LLC

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has undergone a transformation over the past few years, pivoting from a small Oslo-listed firm to an aspiring global force in the renewable energy sector. Under the guidance of CEO Vincent Browne, the company is maneuvering through a complex landscape, shaped by capital demands, shifting markets, and an ambitious growth vision.

Alternus Clean Energy is charting a global path to a 24/7 renewable future

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced the completion of the sale of certain of its special purpose vehicles to Alternus Energy Group Plc, the company's majority shareholder. The transaction has allowed Alternus to shed approximately $30 million in debt and payables from its balance sheet, improving shareholder equity by around $4 million.

Alternus Clean Energy sheds $30M debt in asset sale, strengthens equity and eyes new growth

New York, New York--(Newsfile Corp. - November 12, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("ALCE", "Company") announces that it recently completed the sale of certain of its SPVs to Alternus Energy Group Plc. ("AEG") a majority shareholder of the Company.

Alternus Clean Energy Continues Deleveraging Program by Removing Additional $30 Million of Debt, Improving Shareholder Equity by Approximately $4 Million

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) has completed its first tax equity transaction under the Inflation Reduction Act (IRA), the company announced on Wednesday. The deal, which was carried out by a subsidiary of Alternus, involved a tax credit transfer of approximately $1.74 million from 2023 Investment Tax Credits (ITCs).

Alternus Clean Energy completes first tax equity transaction utilizing Inflation Reduction Act

Net funds from tax credit transfer reduced existing debt, further deleveraging balance sheet. Fort Mill, South Carolina--(Newsfile Corp. - October 23, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has completed its first closing of a tax equity transaction, using the investment tax credit (ITC) structure introduced in the Inflation Reduction Act (IRA).

Alternus Secures First Investment Tax Credit under the IRA to Finance Solar Projects

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced that it will be implementing a 1-for-25 reverse stock split as part of its efforts to regain compliance with the $1 minimum bid price requirement for the Nasdaq Capital Market. It is expected the company's stock will start trading on a post-split basis at the opening of the market on October 11 under its existing ticker symbol “ALCE.

Alternus Clean Energy announces reverse stock split to meet Nasdaq requirements

Fort Mill, South Carolina--(Newsfile Corp. - October 9, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), today announced that it will effect a 1-for-25 reverse stock split of its common stock. The reverse stock split will become effective at 12:01 a.m.

Alternus Clean Energy, Inc. Announces 1-for-25 Reverse Stock Split as Part of Nasdaq Compliance Plan

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced a strategic move to improve its balance sheet by selling its Irish subsidiary, Solis Bond Company DAC, along with its Romanian subsidiaries. The sale to Solis Trustee Special Vehicle Limited, executed for a nominal fee of one Euro, is part of Alternus's ongoing efforts to streamline operations and reduce debt.

Alternus Clean Energy significantly enhances balance sheet with sale of Irish subsidiary

Fort Mill, South Carolina--(Newsfile Corp. - October 8, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus"), announces that on October 3, 2024, by mutual agreement and in furtherance of the Company's balance sheet improvement activities, Solis Bond Company DAC ("Solis"), a company formed under the laws of Ireland and an indirect wholly owned subsidiary of the Company, was sold, along with its subsidiaries in Romania, to Solis Trustee Special Vehicle Limited, the Solis Bondholders' ownership vehicle, for one Euro (€1.00) in accordance with the terms of the Solis Bonds, as amended. As a result of the sale, Alternus has removed approximately $100 million in debt and payables related to Solis activities and will improve shareholders equity by approximately $45 million.

Alternus Sheds $100 Million of Debt and Payables, Improves Shareholder Equity Position By Circa $45 Million From Disposal Of Certain Subsidiaries

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Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced that it has received a delisting notice from the Nasdaq Stock Market for not meeting the minimum closing bid price requirement under Nasdaq Listing Rule 5550(a)(2). In response, the company plans to appeal the decision and file the necessary appeal within the seven-day window allowed under Nasdaq rules.

Alternus Clean Energy outlines plan to regain Nasdaq compliance

Fort Mill, South Carolina--(Newsfile Corp. - September 20, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus", "The Company") received a Delisting Notice from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has determined the Company had not regained compliance with the minimum closing bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). In response, Alternus plans to appeal the decision under Nasdaq rules and intends to file such appeal within the 7-day period allowed.

Alternus Clean Energy Receives Nasdaq Delisting Notice; Intends to Appeal and Regain Compliance Within Timeframes Allowed

Alternus Clean Energy Inc (NASDAQ:ALCE, OTC:ACLEW) announced that it has terminated its Membership Interest Purchase and Sales Agreement with C2 Taiyo Fund to acquire approximately 80 MWp solar installations across eight US states due to the seller's failure to meet the required closing conditions and fundamental changes to the portfolio of assets planned to be acquired. "It is unfortunate that we cannot continue with this transaction as planned.

Alternus Clean Energy announces termination of US solar parks agreement

Fort Mill, South Carolina--(Newsfile Corp. - September 19, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE) ("Alternus" or the "Company"), a leading utility-scale transatlantic, clean energy independent power producer (IPP), has terminated its MIPSA with C2 Taiyo Fund I, LLP to acquire approximately 80MWp solar installations across 8 U.S. states, originally announced on May 1, 2024, due to seller's failure to meet the required closing conditions and fundamental changes in the portfolio of assets planned to be acquired. Alternus CEO Vincent Browne commented, "It is unfortunate that we cannot continue with this transaction as planned.

Alternus Clean Energy Announces Termination of Membership Interest Purchase and Sales Agreement (MIPSA) for Portfolio of Solar Parks

Three more Wind-Powered Microgrid(TM) projects ordered for Hawaii Fort Mill, South Carolina--(Newsfile Corp. - August 28, 2024) - Alternus Clean Energy Inc. (NASDAQ: ALCE) ("Alternus") is pleased that just ten days after its partner Hover Energy LLC ("Hover") and Hawaii Construction & Development Consulting ("HCDC") announced their first joint renewable microgrid project in Hawaii as part of HCDC's renovation of Union Plaza in downtown Honolulu, the parties have agreed to terms for three additional projects. Installation is expected to begin in Q4 2024, contingent on permitting, with revenues following immediately thereafter.

Alternus Clean Energy and Partner Hover Energy Accelerating Pace of Installations with Contracts Completed for Additional Units Valued Between $3m- $4m

Debt reduced by $80 million(40%) during H1 Additional market focus in microgrids Fort Mill, South Carolina--(Newsfile Corp. - August 27, 2024) - International Renewable Independent Power Producer (IPP) Alternus Clean Energy Inc. (NASDAQ: ALCE) (OTC Pink: ACLEW) (the "Company" or "Alternus") recently announced its unaudited financial results for the three and six months ended June 30, 2024 and additionally restated results for its first quarter, 2024. Highights For the Three Months Ended June 30, 2024 Operating assets generated over 18GW hours of clean energy delivered to local power grids.

Alternus Clean Energy Reports Financial Results for Three and Six Months Ended June 30, 2024

Alternus Clean Energy (NASDAQ: ALCE ) just reported results for the second quarter of 2024. Alternus Clean Energy reported earnings per share of -10 cents.

ALCE Stock Earnings: Alternus Clean Energy Reported Results for Q2 2024

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Microgrid Market forecast to reach over $100 Billion by 2032 Fort Mill, South Carolina--(Newsfile Corp. - August 8, 2024) - Alternus Clean Energy (Nasdaq: ALCE) ("Alternus"), a transatlantic independent clean energy producer, and Hover Energy ("Hover"), a leading international microgrid solutions provider, are proud to announce the launch of a new joint venture company, specifically formed to help data centers and other commercial and industrial customers achieve net zero carbon emissions. The joint venture strategically leverages the strengths of both Alternus and Hover, including Hover Energy's valuable microgrid patented portfolio covering wind generators and energy control systems, combined with Alternus' experience in solar and project finance, development and acquisition.

Alternus Clean Energy and Hover Energy Announce Exciting New Joint Venture to Deliver Next Generation Microgrid Solutions to Data Centers and Corporate Customers

Fort Mill, South Carolina--(Newsfile Corp. - May 16, 2024) - Alternus Clean Energy, Inc. (NASDAQ: ALCE), a leading utility-scale transatlantic, clean energy independent power producer (IPP), announced it has engaged B2i Digital to conduct an investor engagement, education and awareness program. B2i Digital will leverage its targeted marketing expertise to increase awareness of Alternus' unique position in the renewable energy sector and its potential for growth among the investment community.

Alternus Clean Energy Partners with B2i Digital to Execute a Comprehensive Investor Communication and Education Initiative

Alternus Clean Energy set to Acquire Over 80 MWp of Operating Solar PV across eight states in the US. On completion will be immediately EBITDA accretive

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