Apex Clean Energy, Inc.

Apex Clean Energy, based in the US, specializes in developing and operating large-scale renewable energy projects, focusing on wind, solar, and energy storage solutions to promote clean energy generation. Founded in 2009 in Charlottesville, US, Apex Clean Energy is engaged in the development and operation of utility-scale renewable energy projects. The company has undergone strategic shifts to enhance its clean energy initiatives. Apex is a co-founded company by Chuck Brown, Mark Goodwin, and Morgan Smith, and currently led by CEO Ken Young.

Apex has completed 2 deals, with the most recent deal occurring on October 6, 2021. Apex Clean Energy focuses on the origination, development, construction, and operation of utility-scale renewable energy projects, specifically in wind, solar, and energy storage. By leveraging a diverse portfolio of renewable resources, the company supplies clean energy to utilities, corporations, and the public sector through long-term power purchase agreements (PPAs). Apex's projects are designed to address significant energy demands and foster economic growth, particularly in rural America, through stable revenue streams and infrastructure funding.

The company operates projects in more than 20 states across the U. S. , targeting areas with favorable renewable energy policies. Apex Clean Energy generates revenue primarily through long-term power purchase agreements (PPAs) with utility and corporate clients.

These agreements involve customers committing to purchase energy over extended periods, providing stable revenue streams. The company’s revenue structure includes upfront capital investments for project development and ongoing payments based on energy output. Additionally, Apex collaborates with landowners and local communities through leasing agreements, contributing to overall revenue generation. Apex Clean Energy's future growth strategy is bolstered by a recent acquisition on October 6, 2021, where Ares Management and Electricity Generating Public Company Limited acquired a majority stake in the company.

This acquisition will allow Apex to enhance its leadership in utility-scale clean energy development and accelerate its expansion into energy storage and green fuels. The company aims to strengthen its position as an Independent Power Producer (IPP) and is actively exploring new geographic markets and additional product offerings in renewable energy.