Altus Power, Inc., A Market-Leading Clean Electrification Company, Announces Appointment of Chris Shelton as Head of Investor Relations

STAMFORD, Conn., Feb. 22, 2022 /PRNewswire/ -- Altus Power, Inc. ("Altus Power" or the "Company") (NYSE: AMPS) today announced the hiring of Chris Shelton to the position of Head of Investor Relations. Shelton began work in this position on February 7^th, 2022.

Shelton, who most recently worked for Millennium Management prior to joining Altus Power, will oversee all investor relations activities for the company. With over 18 years of buy-side experience investing in, and as an analyst covering, the utility and renewables sectors, Shelton brings a wealth of public market experience and valuable insights to Altus Power.

"As a newly public company, we are excited to expand our team working with investors and analysts covering our company," said Dustin Weber, Chief Financial Officer of Altus Power. "Chris's professionalism, financial analysis skills and experience working around several segments of the clean energy sector make him the ideal candidate to effectively communicate the Altus Power value proposition to our stakeholders.  We are very excited to welcome Chris as our Head of Investor Relations and look forward to working with him to drive Altus Power's success."

"I've experienced a number of multi-year market trends during my tenure as an investor in the utility and power sectors, but the investment in renewable generation is a mega-trend that could persist for decades," said Mr. Shelton. "I believe Altus Power is positioned to harness this opportunity as the largest independent clean energy company in the C&I segment.  We expect that our prospects for profitable growth are even stronger with the addition of CBRE as our strategic partner, the largest real estate services company in the world. I'm ecstatic to join the Altus Power team with this backdrop, particularly as its first Head of Investor Relations. I look forward to working with our stakeholders in the days and months to come."

Prior to joining Altus Power, Shelton enjoyed a 15-year career as an analyst at Millennium Management, where he was a senior analyst covering U.S. and European utility and renewable energy companies. Prior to that, Shelton spent two years in a similar role at Angelo, Gordon & Co., where he also covered the energy sector.  Shelton earned a B.A. in Economics from Wesleyan University and is a CFA Charterholder.

About Altus Power, Inc.

Altus Power, based in Stamford, Connecticut, is the nation's premier clean electrification company. Altus Power serves its commercial, industrial, public sector and community solar customers by developing, owning and operating locally sited solar generation, energy storage, and EV charging infrastructure across 18 states from Vermont to Hawaii. Visit 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 "anticipate", "believe", "could", "continue", "expect", "estimate", "may", "plan", "outlook", "future" and "project" and other similar expressions 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. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (1) the ability of Altus Power to maintain its listing on the New York Stock Exchange; (2) the ability to recognize the anticipated benefits of the recently completed business combination and related transactions (the "Transactions"), which may be affected by, among other things, competition, the ability of Altus Power to grow and manage growth profitably, maintain relationships with customers, business partners, suppliers and agents and retain its management and key employees; (3) costs related to the Transactions; (4) changes in applicable laws or regulations; (5) the possibility that Altus Power may be adversely affected by other economic, business, regulatory and/or competitive factors; (6) the impact of COVID-19 on Altus Power's business; and (7) the failure to realize anticipated pro forma results and underlying assumptions related to the Transactions.

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 Prospectus filed with the Securities and Exchange Commission on January 21, 2022, as well as the other information we file with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Altus Power undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.

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.

Altus Power Contacts

For Media:
Cory Ziskind
ICR, Inc.
AltusPowerPR@icrinc.com

For Investors:
Chris Shelton, Head of IR
Caldwell Bailey, ICR, Inc.
InvestorRelations@altuspower.com 

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SOURCE Altus Power, Inc.