Energy Revenue was Clearway Energy’s largest product and service line in fiscal 2025, bringing in $2.33B of $2.83B (82%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Energy Revenue | $1.91B | $2.21B | $2.18B | $2.33B | ||||
| Capacity Revenue | $36.00M | $46.00M | — | $200.00M | ||||
| Other Revenues | $306.00M | $340.00M | $350.00M | $296.00M | ||||
| Other Revenue | — | — | — | — | ||||
| Total | $2.25B | $2.59B | $2.53B | $2.83B |
Clearway Energy brought in $2.83B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Clearway Energy regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $2.53B. Energy Revenue was the largest at $2.33B (82.5%), ahead of Other Revenues at $296.00M (10.5%) and Capacity Revenue at $200.00M (7.1%).
Compared with fiscal 2024, Energy Revenue grew 7.1% to $2.33B, while Other Revenues fell 15.4% to $296.00M. From fiscal 2022 to 2025, combined revenue from these lines grew from $2.25B to $2.83B, a compound annual growth rate of 7.9%. Energy Revenue's share of the total fell from 84.8% to 82.5%.
Renewables Storage was Clearway Energy’s largest segment in fiscal 2025, bringing in $2.28B of $2.81B (81%).
| Statement Business Segments | FY 2013 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Renewables Storage | — | $1.79B | $2.06B | $2.28B | ||||||||
| Renewables | $1.91B | — | — | — | ||||||||
| Conventional Generation | — | — | — | — | ||||||||
| Flexible Generation | $12.00M | $672.00M | $524.00M | $538.00M | ||||||||
| Thermal | $154.00M | — | — | — | ||||||||
| Total | $2.08B | $2.46B | $2.58B | $2.81B |
Clearway Energy brought in $2.81B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $2.58B in fiscal 2024. Renewables Storage was the largest at $2.28B (80.9%), ahead of Flexible Generation at $538.00M (19.1%).
Compared with fiscal 2024, Renewables Storage grew 10.6% to $2.28B and Flexible Generation grew 2.7% to $538.00M.
Clearway Energy began breaking out Renewables Storage in fiscal 2023, when it brought in $1.79B. Clearway Energy stopped reporting Renewables ($1.91B in fiscal 2022) and Thermal ($154.00M in fiscal 2022) as separate segments.
Desert Sunlight was Clearway Energy’s largest revenue line in fiscal 2016, bringing in $422.00M of $1.01B (42%).
| Investment, Name | FY 2016 |
|---|---|
| Desert Sunlight | $422.00M |
| Investments, Other | $386.00M |
| Gce Holding Llc | $144.00M |
| Nrg Dgpv Holdco | $28.00M |
| Rpv Holdco | $26.00M |
| Total | $1.01B |
Clearway Energy brought in $1.01B from its five revenue lines in fiscal 2016, the year ended December 31, 2016. Desert Sunlight was the largest at $422.00M (41.9%), ahead of Investments, Other at $386.00M (38.4%) and Gce Holding Llc at $144.00M (14.3%). The other two revenue lines brought in $54.00M combined.
Clearway Energy (CWEN) reports its revenue by product and service, by statement business segments and by investment, name. In fiscal 2025, Energy Revenue was its largest product and service line, bringing in $2.33B (82.5% of the total), followed by Other Revenues at $296.00M (10.5%).
Energy Revenue was Clearway Energy's largest product and service line in fiscal 2025, bringing in $2.33B, or 82.5% of the $2.83B total across its three product and service lines.
Renewables Storage was Clearway Energy's largest segment in fiscal 2025, bringing in $2.28B, or 80.9% of the $2.81B total across its two segments.
Desert Sunlight was Clearway Energy's largest revenue line in fiscal 2016, bringing in $422.00M, or 41.9% of the $1.01B total across its five revenue lines.
Renewables Storage grew faster than Flexible Generation in fiscal 2025, up 10.6% from $2.06B to $2.28B. Flexible Generation grew 2.7% to $538.00M.
Every figure comes from Clearway Energy's annual financial filings, as reported. Each line keeps the name Clearway Energy gives it, and years follow its fiscal calendar.
Clearway Energy's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.