Clearway Energy, Inc.

Storm on track Sponsor-enabled growth advancing with 2025 2026 COD program now over 1.6 GW including new offer from Clearway Group to invest in 291 MW Western states storage portfolio Third party acquisitions also continuing with closing of previously announced Catalina Solar project Updating 2025 financial guidance range to reflect FY2025 contribution from closed 3 rd party acquisitions Increasing the quarterly dividend by 1.6% to $0.4456 per share in the third quarter of 20 25, or $1.7824 per share annualized PRINCETON, NJ August 5, 2025 Clearway Energy, Inc.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

CAFD results in the second quarter of 2025 were lower than 2024 primarily due to lower EBITDA and higher project-level debt service, which was driven in part by timing.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

and Clearway Energy LLC, excluding subsidiaries $ 46 $ 138 Subsidiaries 214 194 Restricted Cash Operating accounts 112 184 Reserves, including debt service, distributions, performance obligations and other reserves 414 217 Total Cash, Cash Equivalents and Restricted Cash 786 733 Revolving credit facility availability 512 597 Total Liquidity $ 1,298 $ 1,330 Total liquidity as of June 30, 2025, was $1,298 million, which was $32 million lower than as of December 31, 2024, primarily due to the execution of growth investments.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Restricted cash consists primarily of funds to satisfy the requirements of certain debt arrangements and funds held within the Company s projects that are restricted in their use.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

As of June 30, 2025, these restricted funds were comprised of $112 million designated to fund 1 Excludes equity method investments 2 Generation sold excludes MWh that are reimbursable for economic curtailment 2 operating expenses, approximately $176 million designated for current debt service payments, and $83 million of reserves for debt service, performance obligations and other items including capital expenditures.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

As of June 30, 2025, the Company had $112 million in outstanding borrowings under its revolving credit facility, and on July 11, 2025, the Company borrowed an additional $123 million under the facility, primarily to support the acquisition of Catalina on July 16, 2025.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Growth Investments and Strategic Announcements Goat Mountain Potential Repowering Update During the third quarter of 2025, Goat Mountain, a wind project located in Sterling, Texas, signed a 15-year PPA with a new hyperscaler customer to underpin a repowering targeted in 2027.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as expect, estimate, target, anticipate, forecast, plan, outlook, believe and similar terms.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Transactions referred to as committed or signed (or any variation thereof) represent transactions which have been approved by the GCN and for which definitive agreements have been delivered however, such transactions have not yet been consummated and remain subject to various risks and uncertainties (including financing, third party consents and arrangements and regulatory approvals).

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The Company provides information regarding offered and committed transactions believing that such information is useful to an understanding of the Company s business and operations however, given the uncertainty of such transactions, undue reliance should not be placed on any expectations regarding such transactions and the Company can give no assurance that such expectations will prove to be correct, as actual results may vary materially.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The foregoing review of factors that could cause The Company's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect The Company's future results included in The Company's filings with the Securities and Exchange Commission at www.

SEC original ↗Clearway Energy, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025