About Alternus
Alternus is a publicly listed company based in Fort Mill (United States) founded in 2000. Independent power producer, developing utility scale clean energy projects. The company has 14 employees. Alternus has completed 1 acquisition, including Liionllc. Alternus offers products and services including Solar Parks, Microgrids, and Battery Storage Systems. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its legal entity is ALTERNUS ENERGY INC. Its competitors include Enel X, Dominion Energy and Hillman Group; 1 of its 3 listed competitors has raised funding.
Company details
Alternus Clean Energy was founded in 2000 and functions as a transatlantic independent power producer in the clean energy sector. Utility-scale renewable projects are developed and managed, with operations spanning the United States and Europe. The company was listed on Nasdaq after a business combination with Clean Earth Acquisitions Corp. Headquarters are located in Fort Mill, United States, supporting portfolio expansion in renewables.
- Headquarters Fort Mill, United States
- Employees 14
- Stage Public
- SectorsEnergy & Utilities
- Website alternusce.com
- Social LinkedIn
- Legal Name Alternus Clean Energy, Inc.
- Annual Revenue$311 K (USD)-91.05as on Dec 31, 2024
- Net Profit-$32.38 M (USD)53.38as on Dec 31, 2024
- EBITDA-$12.79 M (USD)-309.91as on Dec 31, 2024
- InvestorsEiffel Investment Group
& 1 more
- Employee Count14
- Investments & Acquisitions
Products & Services of Alternus
Alternus offers a comprehensive portfolio of products and services, including Solar Parks, Microgrids, and Battery Storage Systems.
Large-scale projects for generating solar power
Localized grids providing reliable renewable energy supply
Solutions for storing and managing excess energy
Funding Insights of Alternus
- Total Rounds 3
- First Round $9.81M
(Jun 2019)
- Investors Count 2
All 3 funding rounds of Alternus with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | Post-IPO | – | – | – | |
| Apr 2021 | $10.7M | Unspecified | – | – | |
| Jun 2019 | $9.81M | Unspecified | – | – |
2 investors in total: 2 institutional.
Investors in Alternus
Alternus has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Eiffel Investment Group and AV Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and private debt firm focused on multiple sector | eiffel-ig.com | Paris, France | ||
| avgroup.io |
Investor details for Alternus
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People of Alternus
1 people are tracked at Alternus (1 in leadership); the tracked headcount is 14.
| Name | Role | Group |
|---|---|---|
Vincent Browne | Chief Executive Officer and Chairman | Leadership |
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IPO & Listings of Alternus
Alternus is a publicly listed company on the OTC with ticker symbol ALCED in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Feb 2024
- Listed onOTCMKTS: ACLEW
- Listed entityAlternus Clean Energy, Inc.
- Exchange sectorUtilities
- ISINUS02157G3092
- Share price$0.00 (-45.45% on the day) · 2026-05-11
- Market capitalisation$434.79
- EPS (diluted, trailing year)$-504.19
- Volume (last session)143
- Analyst consensusNo rating
Financials of Alternus
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $311,000 | -$32.4M | -$12.8M |
| 2023 | $3.5M | -$69.5M | -$3.1M |
Detailed financial statements for Alternus
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Investments & Acquisitions by Alternus
Alternus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Liionllc.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Liionllc was founded in 2009 in the United States. | liionllc.com | United States | 2009 | Dec 2024 | $5M |
Complete acquisition details for Alternus
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Timeline of Alternus
5 dated milestones of Alternus across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Alternus is founded.
- Funding First funding round of $9.8M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Liionllc.
Competitors of Alternus
Alternus has 3 listed competitors in our database, 1 of them funded. They include Enel X, Dominion Energy and Hillman Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enelx.com | 2001 | Boston, United States | $168M | 513 | Utility-scale renewable energy projects are developed by Enel X. | |
| dominionenergy.com | 1983 | United States | 17,700 | Energy production and transportation are conducted by Dominion Energy. | ||
| hillmangroup.com | 1964 | Cincinnati, United States | 3,324 | Hardware and home improvement products are supplied to retail markets. |
Detailed competitors of Alternus
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Web traffic of Alternus
The website of Alternus (alternusce.com) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 134.7% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Alternus (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Alternus
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Frequently Asked Questions about Alternus
Alternus was founded in 2000 and raised its 1st funding round 19 years after it was founded.
Alternus is headquartered in Fort Mill, United States. It is registered at Fort Mill, South Carolina, United States.
Alternus has 14 employees.
Annual revenue of Alternus is $311K as on Dec 31, 2024.
Alternus Clean Energy was founded in 2000 and functions as a transatlantic independent power producer in the clean energy sector. Utility-scale renewable projects are developed and managed, with operations spanning the United States and Europe. The company was listed on Nasdaq after a business combination with Clean Earth Acquisitions Corp. Headquarters are located in Fort Mill, United States, supporting portfolio expansion in renewables.
Alternus's top competitors include Enel X, Dominion Energy and Hillman Group.
Alternus offers Solar Parks, Microgrids, and Battery Storage Systems.
Yes, Alternus is publicly traded on OTC under the ticker symbol ALCED.
Alternus has made 1 acquisition, including Liionllc.
Alternus has 2 investors. Key investors include Eiffel Investment Group, and AV Group.
Alternus operates through Alternus Energy Inc..