Altus Power Inc-A 2024年度报告

SECURITIES AND EXCHANGE COMMISSION (Mark One) For the fiscal year endedDecember 31, 2024OR Altus Power, Inc. (Exact name of registrant as specified in its charter) 85-3448396(I.R.S. EmployerIdentification Number) Delaware (State or other jurisdiction ofincorporation or organization) 2200 Atlantic Street,6th FloorStamford,CT06902(203)698-0090 (Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section7(a)(2)(B) of the Securities Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared orissued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No☒ The aggregate market value of the registrant's Class A shares outstanding, other than shares held by persons who may be deemed affiliates of the registrantat June 28, 2024, the last business day of the Registrant's most recently completed second quarter, was $294,353,035(based on the closing sales price of theClass A shares on June 28, 2024, of $3.92). As of March 4, 2025, there were160,420,894shares of the registrant's Class A common stock outstanding. PART I Item 1BusinessItem 1ARisk FactorsItem 1BUnresolved Staff CommentsItem 1CCybersecurityItem 2PropertiesItem 3Legal ProceedingsItem 4Mine Safety Disclosures PART II Item 5Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities35Item 6Reserved35Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item 7AQuantitative and Qualitative Disclosures about Market Risk62Item 8Financial Statements and Supplementary Data63Item 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure108Item 9AControls and Procedures108Item 9BOther Information109Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections109 PART III Item 10Directors, Executive Officers and Corporate Governance110Item 11Executive Compensation117Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters126Item 13Certain Relationships and Related Transactions, and Director Independence128Item 14Principal Accounting Fees and Services130 PART IV Item 15Exhibits and Financial Statement Schedules132Item 16Form 10-K Summary135 PART I Market and Industry Data This Annual Report on Form 10-K includes market and industry data and forecasts that Altus has derived from publicly available information, reportsof governmental agencies, various industry publications