be acknowledging to how to partners our lies together with in our our the market, excited significant in a leader today have to and assets in product is the Altus. bring and clients business you to ability with of that storage we operating begin states and in in country, our hard makes Today, been DNA Maryland, that are solar the as advantage team, a sheer in we serving effective senior an work, have value our a and Tony Thanks, single in culture process power going we're team. Every Gregg, highly across energy industry. for that for us construction our every a storage of country. ahead. and strategic accomplished incredible our company the Chris. market us this I'd our in of communicating at and culture, we of this first and it skilled uniqueness a opportunity earnings here call. the We're is all to very team a to created decade, amazing by believe with leaders talent the start working motivated I together, team overcome the Frederick, over like building Stamford, most is our Altus on the of individuals to group present collaborative whether be Hawaii in across of be XX the West or and the also East. and sites obstacles creating day, and The of Honolulu, person solar on office, at Connecticut, from desk Altus Power the speak
help one as welcomed every thank delighted I want a the drive number personnel are company. our a of We public have key future progress recently to will also into who to delivering their their help our in in of strong. Altus value industry stakeholders. our of state building company the team leader members is for This clients and and part to our into
generative, created belief by the we space, platform the that flow been repeat is have us hear that positive firm will evidenced we've you fact XXXX. since in cash that themes the efficient of most One our this EBITDA
XX%, me detail a in our here, our in adjusted results results into and our CFO our Dustin margin we in that which With every description delivered Staying do more report on with to EBITDA XX%, earlier platform, million $XX adjusted an of to XXXX million of track pleased build me cover who's provide of will Weber, above for XXXX margin continued a the we with let are record. expectations, what some EBITDA EBITDA that We insights were and of moment. of $XX day. which
together, respond Altus origination enterprises rooftops storage for structuring battery and and desk engage for deal to to buildings, parking with lots, often present assets purpose we Firstly, and allow XX those the working years the with the duration of on operating out is to on where team longer. long-term or and the contracts, contracts and large seek contract. the solar place owning and systems next provide in of arrays large These also executing Altus
works these over contract in and battery the solar the on utilities across approvals on once interconnection executed, office. that Second, and building engineered from departments. professionals systems engineering the design permits the desk to designed country, is are The Altus our systems employees that local arrays and process the securing and moves designs and building present from storage desk, skilled our
chargers. operation, has is billing for we And mount of Third, immediately ground next clients. the and this materials. outcomes important vehicle has into sub-contractors solar correct to and system and canopy and on the commercial and the our oversees office everyone accurate purchase team teams summary, where electric of storage hiring of parking delivery process supervision energy and are orders placement to storage These once optimal located which those. team optimization our team energy operation our working an is that country prime the energy asset the benefits construction continuous solar, ensure drive and everyone the to moving both solar, our engineering The for for and design to roof and team, our role and and assets of for of fulfillment team solar, and at takeover. play. finally, Fourth construction battery an company In completed systems, across key Altus an our team customer mounted the components the in
and have market it's growth of very ease, at engagement At operating schedules been we combination will the are our like and power customer that of activities Altus last origination frustrated pace before, department our to segment seen energy related normal energy storage our storage headwinds, In our of and the solar and the first challenges same the other schedules. our time, longer that timing participants all end-to-end decarbonization, become actual that and delays industrial with the drive for office local than a while to and savings down utility harder of increased we interaction predict demand are energy we solar by price namely previously COVID decarbonization, increasing strength that of solution a largely power increases, of of customer servicing out eventually delivery slowed we, the chain in to in savings for and customers. while of not to Altus interconnection and And pleased shortages had energy construction large processes, steadfast The and policies, the few quest among and benefits future months stronger. this they Omicron than utility While the and this customers delivery begin contracts. never security clean benefits all current delivering taken resiliency foreseen we serve rates, and for demand lockdowns, of among suspect optimization hampered client unaffected client mentioned, been power, supply our have construction have building our energy have growing and pushed underlying component represents. and enterprises history to our utility XX-year has worse pre-construction out commitment market
Blackstone, have with solar all secular the very the We plus with it the a the industrial Maryland, part that of instead in are community at shift managed decarbonization the C&I partnership storage It flow TAM Evidencing and on continue comes flow, we in goals being and and XX represents flow sector, market Altus investing electrification, and create Blackstone in master in New a portfolios most and very seconder TAM. pipeline. potential short, or project. for from of of sourced that being sizeable in moves It This the November this. commercial partner opportunities addressable at opportunities their contracts the real about that by together announced the A things assets efficiency, love we constitutes and win our sustained estate CBRE. In public of the megawatts their business translate towards to importantly, to from in to a just commitment direct we deliver of with states, who desire contract customer comes owned model and other public importantly, customer activities And significant those clean also or are singular attractive of and program, type within Blackstone attractive their with buildings to our for developed one California, that at by in total part of that is benefits. solar Blackstone, Altus. scale believe program into Jersey's speed. and have plus case market partners a broad of with by a
more largest real imagined. CBRE than in further newer proven has us. strategic have we company Altus important the time. several other to as to is relationship out be now, aspects imagine for less represents three will Our already stand world, impactful and time in expand could but over to we partner itself the to Altus, CBRE right estate the services things and But
the customers storage. efficient for of low-cost and plus First, solar flow
example of management solar in real management we and is underserved example behalf of estate communities investors and phase have CBRE's the state and committed that its community Maryland are Altus to announcement next in the XXX the portfolio that clean and they've years. win-win-win Trammell an providing to major with that initial are to another chosen Company, providing morning, make also developer to of stakeholders. on largest power happy action few of contracted clean to morning its of opportunity program CBRE to to it and that construction decarbonizing tenants we in investment Maryland. partnering up to investors, industrial stakeholders. CBRE announcing solar the by commitment is commercial announce Altus and scheduled with portfolio tenants into example, early an Investment developer decarbonize community other a by states And their As and for their the to by happen. good is flow, assets. of Altus electrification is in a the megawatts with to benefit its their this country's manner, add Altus Altus broader leading development with partner have for a turning They're XX completion as for possible. has investors, megawatts nation's is benefits this This In largest significant where which with that in Crow we in the
The our over time, construction topic second come partnership strategic have our partner CBRE area we engagement early with for clear. back capabilities. relates We'll is to this CBRE's to with where but goal the
the think well end-to-end we that platform We underway. coverage very process are services electrification anyone is and footprint for creating with and this first the platform in create to construction replicate. difficult clean will the market And be nationwide else with to a
weather going Third, and power data. and consumption collaboration with that details on more provide data also will CBRE their our is combine in something solar our will we power forward
a and and We intent community function improved and consumer of are carbon with an business business-to-business for estate provide data platform and for services. in carbon solar app have also engine. additional streams will competitive origination which be to partnership they paying will and experience to to unique reflect into sustainable, that We're strength customers a to stakeholders. digital Altus, that owners efforts our and will advantages our scorecard customers our a translating as bill build reporting begun, our with electrification basically, the building these respect serve onboarding, These potential building real
and efforts team's our growth, Looking and the out Blackstone quarters, customer channel our is attention the sources customers. of to and our of that new the several from plan flow that we growth deepening efforts has extending the build from our and over allocating comes And contracting distinct with to begun our to have time on long-term already of our customer two engagement the our partners relationships next our second, and existing from partners team CBRE. focus
to during previously this do this expected partnerships many assets our is enter while operation to to when thus delays allocation create the will preferred strategic now We with possible one issues vendors, that had to fusion of a makers. seek in components, take acknowledge we commercial grouping calendar alleviate which to also will participants secure CBRE and of make others pre-construction scarce part and construction near-term and supply we are the chain which equipment customer orders mitigation and that to mitigate treatment to from year. sited global preferred of volume That of equipment create forms, from we by program, use greater seeks
to of our are our stakeholders pipeline. part operational assets the which served up we which discipline and of available platform, important has Altus part make with underwrite us and for analyze well, which Another sale is that a and our
by transaction, this have acquire seller. of added year, EBITDA expected During a the the opted that valuation to would particular thought we consummate we to calendar to Ultimately, the assets last immediately. portfolio given operating not
for mid Moving given market EBITDA finally the had the initiating going far million, today, targeting conversation to the to this Based are in we've of XXXX. outlook range conditions, EBITDA to to year's current guidance numbers midpoint $XX year's million on in our and the forward. margins the so XX% for we topic sustain of close further XX% over expect $XX We at the growth last
While is of a which construction acquisition prospect, this revise our estimates, lower lumpier. because reflects extension than inherently timelines, our and and to it is an pre-construction guidance indicative growth our previous are overall not portfolio it change expectations, of
updated on of have that operation closing from stopped number over our in client strength it we over Dustin, In to some the or to has description it hope engagements we've strength you guide I engagements the day CBRE to into pride platform of With Dustin a merger Our turned to Blackstone hand This last in and results portfolio will XXXX how team tailwinds every pursuing. their discuss the that added means either and operates, our includes Power. growth of X,XXX pipeline further. since number serve a motivations our does excludes profitable our early at customer cash update. and flow and engagement assets relentless our over is of and our of our benefiting how at and our increased in our I'll Weber, CFO, source now megawatts XXX us Dustin? story, sector is to the before generation But that, our December. on will my with partners to growth how how add of focus our call Altus over who megawatts summary, from CBRE and what handing to and
