Welcome to our dedicated page for Altus Power news (Ticker: AMPS), a resource for investors and traders seeking the latest updates and insights on Altus Power stock.
Altus Power Inc develops, owns and operates commercial-scale clean electric power assets, including locally sited solar generation, energy storage and charging infrastructure. Company news centers on solar portfolio acquisitions, community solar projects, rooftop and ground-mounted systems, and power delivery for commercial, industrial, public sector and Community Solar customers.
Altus Power updates also cover market expansion across U.S. states, operational projects that generate electricity near the point of consumption, development partnerships and capital-structure or shareholder matters. The company completed its acquisition by TPG and became a privately held company, making corporate-status developments part of its recent news history.
Altus Power, Inc. (NYSE: AMPS) will release its financial results for Q4 and full year 2021 on March 24, 2022, after market close. The announcement will be followed by a conference call on March 25, 2022, at 8:30 AM ET, hosted by Co-CEOs Lars Norell and Gregg Felton, alongside CFO Dustin Weber. Investors can access the call via a live webcast on Altus Power's Investor section. A replay will be available for 30 days post-call. Altus Power specializes in clean electrification, operating solar generation, energy storage, and EV charging across 18 states.
Altus Power announced the appointment of Chris Shelton as Head of Investor Relations, effective February 7, 2022. Shelton, with over 18 years of experience in the utility and renewable sectors, joins from Millennium Management. His role involves overseeing investor relations, enhancing communication about Altus Power's strategies and performance. CEO Dustin Weber expressed enthusiasm for Shelton's professionalism and insights, emphasizing their commitment to tapping into the growing clean energy market, supported by their strategic partnership with CBRE.
Altus Power (NYSE: AMPS) has entered a three-year supply agreement with Heliene, allowing the purchase of up to 250 MW of solar modules. This strategic partnership aims to mitigate supply chain issues and ensure access to domestically manufactured solar products amidst growing demand. Altus will invest up to $5 million in Heliene's public capital raise for its reverse takeover with Buzz Capital 2 Ltd. Heliene's modules, produced in Minnesota, utilize high-efficiency technology and aim to enhance local job creation in the solar industry.
On January 26, 2022, Altus Power (NYSE: AMPS) announced the appointment of Dan Alcombright as its Chief Platform Officer, effective January 3. Alcombright, with over 15 years in renewable energy, will focus on scaling operations and enhancing partnerships with companies like CBRE and Blackstone. He aims to improve Altus Power's capacity in clean electrification projects, including solar generation and energy storage. Alcombright will also join the Executive Operations Committee to oversee digital operations and enhance information flow across the company.
On December 10, 2021, Altus Power (NYSE: AMPS) celebrated its initial public listing by ringing the Opening Bell at the New York Stock Exchange. Co-CEO Gregg Felton emphasized the company's commitment to advancing clean electrification in the U.S., praising employees for their contributions to this milestone. Altus Power, based in Stamford, Connecticut, focuses on solar generation, energy storage, and EV-charging stations, having developed or acquired over 350 megawatts nationwide since its founding in 2009.
On December 9, 2021, Altus Power completed its business combination with CBRE Acquisition Holdings, Inc. (CBAH), approved by approximately 90% of CBAH stockholders. Starting December 10, 2021, Altus Power's shares will trade on the NYSE under the symbols AMPS and AMPS WS. The merger secures $636.5 million in proceeds to finance growth, leveraging strategic partnerships with CBRE and Blackstone. The market for commercial & industrial solar is expected to more than double by 2030, driving demand for clean electrification solutions.