Clearway Energy LLC

Item 1.01. Entry into a Material Definitive Agreement. On August 6, 2026, Clearway Energy LLC (the “Company”) and Clearway Energy, Inc., the parent company of the Company (“Clearway Inc.”), entered into an Equity Distribution Agreement (the “Agreement”) with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC (collectively, the “Agents”). Pursuant to the terms of the Agreement, Clearway Inc. may offer and sell shares of Clearway Inc.’s Class C common stock, par value $0.01 per share (the “Shares”), from time to time through the Agents, as Clearway Inc.’s sales agents for the offer and sale of the Shares, up to an aggregate sales price of $100,000,000 (the “ATM Program”). Sales of the Shares, if any, will be made by means of ordinary brokers’ transactions on the New York Stock Exchange, to or through a market maker or directly on or through an electronic communications network at market prices or as otherwise permitted by law. Clearway Inc. intends to use the net proceeds from the sale of the Shares for general corporate purposes, which may include the repayment or refinancing of indebtedness and the funding of working capital, capital expenditures, acquisitions and investments. Clearway Inc. may invest funds not required immediately for such purposes in marketable securities and short-term investments. The Shares will be issued pursuant to a prospectus supplement, dated August 6, 2026, to Clearway Inc.’s shelf registration statement (the “Registration Statement”) on Form S-3 (File No. 333-298054), which became effective upon filing with the Securities and Exchange Commission on August 6, 2026. This Current Report on Form 8-K (this “Current Report”) shall not constitute an offer to sell or a solicitation of an offer to buy any security, including the Shares, nor will there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report and is incorporated herein by reference. Cautionary Statement Concerning Forward-Looking Statements This Current Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” “target,” “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding the anticipated consummation of the transactions described above, the anticipated benefits, opportunities and results with respect to such transactions and Clearway Inc.’s anticipated use of proceeds from the sale of Shares under the ATM Program. Although the Company believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally, whether Clearway Inc. will offer or sell Shares under the ATM Program and the anticipated use of proceeds. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The foregoing review of factors that could cause the Company’s actual results to differ materially from those contemplated in the forward-looking statements included in this Current Report should be considered in connection with information regarding risks and uncertainties that may affect the Company’s future results included in the Company’s other filings with the Securities and Exchange Commission.