Altus Power, Inc. Announces the Addition of Greg Roer to its Origination Team

Rhea-AI Summary

Altus Power, Inc. (NYSE: AMPS) has appointed Greg Roer as Managing Director of its Origination Team. Roer brings 15 years of experience from Goldman Sachs, where he co-founded the Renewable Power Group, contributing to over 2 GW of solar and storage projects. His role aims to enhance client relationships and assess operating portfolios to support the company's growth in solar, storage, and EV charging sectors. Roer's extensive background in alternative energy is expected to bolster Altus Power's leadership in the commercial solar market.

Positive

• Appointment of Greg Roer as Managing Director enhances leadership team.
• Roer's experience from Goldman Sachs will facilitate growth in solar and storage projects.
• Strategic focus on expanding client relationships contributes to business acceleration.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that Greg Roer has joined as a Managing Director of Altus Power’s Origination Team.

(Photo: Business Wire)

Roer joins Altus Power after 15 years at Goldman Sachs where he co-founded the Goldman Sachs Renewable Power Group. His leadership was instrumental in growing that platform to over 2 GW of solar and storage projects across more than 850 project sites with approximately 200 clients in more than 20 different states.

In his new role, Roer is expected to expand Altus Power’s ability to grow and develop Altus Power’s existing client base, establish new client relationships, and evaluate operating portfolios with a vision to further accelerate the Company’s growth. “Altus Power has built a premier platform perfectly geared to proliferating solar, storage and EV charging during the impending energy transformation,” Roer commented. “I feel fortunate to be joining a team of Altus Power’s caliber and look forward to the opportunity to grow our business substantially.”

“This is a very opportune time for Greg to join Altus Power, and we believe that his extensive background and vast experience in our sector will complement the Company’s leadership position in C&I-scale solar, storage and EV charging” said Lars Norell, Co-Chief Executive Officer of Altus Power.

Roer has extensive corporate and financing relationships across the alternative energy space and has a unique skill set combining his broad-based experience in debt and equity investing at Goldman Sachs over 15 years, investment banking at Dillon Read and UBS, as well as practicing environmental, insurance and real estate law at O’Melveny & Myers.

About Altus Power, Inc.

Altus Power, based in Stamford, Connecticut, is the premier commercial-scale clean electrification company, serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage, and EV charging infrastructure across the nation. Visit www.altuspower.com to learn more.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements may be identified by the use of words such as "believe," "expect," or variations of such words or similar terminology that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Altus Power’s future prospects, developments and business strategies. These statements are based on Altus Power’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Altus Power’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found under the heading “Risk Factors” in Altus Power’s Form 10-K filed with the Securities and Exchange Commission on March 24^th, 2022, as well as the other information we file with the Securities and Exchange Commission.

This press release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Altus Power and is not intended to form the basis of an investment decision in Altus Power. All subsequent written and oral forward-looking statements concerning Altus Power or other matters and attributable to Altus Power or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907005299/en/

Altus Power:

For Media:

Cory Ziskind

ICR, Inc.

AltusPowerPR@icrinc.com

For Investors:

Chris Shelton, Head of IR

Caldwell Bailey, ICR, Inc.

InvestorRelations@altuspower.com

Source: Altus Power, Inc.

FAQ

Who is the new Managing Director at Altus Power?

Greg Roer has been appointed as the Managing Director of Altus Power's Origination Team.

What previous experience does Greg Roer have?

Prior to joining Altus Power, Greg Roer spent 15 years at Goldman Sachs, co-founding the Renewable Power Group.

What is the focus of Altus Power following Roer's appointment?

The company aims to expand client relationships and grow its existing portfolio in solar, storage, and EV charging.

What is the stock symbol for Altus Power?

The stock symbol for Altus Power is AMPS.