AMPS - Making Power Making Progress: Altus Power Releases Second Annual Sustainability Report

Altus Power (NYSE: AMPS), the leading independent owner and operator of commercial-scale solar solutions, today released its 2022 Sustainability Report , “Making Power, Making Progress,” highlighting the company’s progress and commitment to sustainability in the areas of Environmental, Social and Governance (ESG).

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“Altus Power was founded with the goal of addressing the urgent need to transform the way we generate and consume power. Our solar arrays produce clean and affordable electric power, displacing utility power generated from fossil fuels and directly enabling households and businesses to reduce their community’s carbon footprint,” said Sophia Lee, Chief Sustainability Officer, Altus Power. “I’m incredibly proud to share our second sustainability report with our stakeholders and show how our progress continues to mirror our founding principle.”

Notable 2022 achievements include:

• Appointment of Sophia Lee as Chief Sustainability Officer to formalize consideration of ESG factors in management decisions.
• Expanded greenhouse gas inventory to include the company’s first measurement of Scope 3 Emissions; including estimates for employee commuting, business travel, and emissions from vegetation management to maintain our assets.
• Conducted a materiality assessment surveying our stakeholders to identify and prioritize material topics both of importance to them and also impactful for our business
• Expanding access to the benefits renewable energy through Altus Power’s nationwide Community Solar programs, now serving more than 20,000 residential customers, including lower income bracket customers.
• Support of all United Nations Sustainable Development Goals, with firm commitment to advance Goals 5, 7, 8, 9, 11, 13, 15 through our core business or through the methods we execute our business.
• More than 455,000 MWHs (megawatt hours) of clean energy generated during 2022, or the equivalent of nearly 320,000 metric tons of CO2 equivalents avoided compared to consuming utility power.

About Altus Power, Inc.

Altus Power, based in Stamford, Conn., is the premier independent commercial-scale provider of clean electric power serving commercial, industrial, public sector and Community Solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.

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Chris Shelton, Head of Investor Relations
mediarelations@altuspower.com