Earnings call transcript Q2 2023

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Operator

Good morning, and welcome to Altus Power Second Quarter 2023 Conference Call.

As a reminder, today's call is being recorded and participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

At this time, for opening remarks and introductions, I would like to turn the call over to Chris Shelton, Head of Investor Relations.

Chris Shelton

Good morning and welcome to our second quarter 2023 earnings call.

are Financial Co-Chief Officer. call Dustin Officer; today's Chief Weber, on Lars Executive Norell, and Speaking

In will for be Co-Chief joining addition, Executive us Q&A. Officer, Gregg Felton

and matters This presentation this press issued morning, release we call. related be to to discussed on a a

access on and presentation You the website, SEC's both on information This press Investors the website. in section. the is our release can the www.altuspower.com also available

including refer Altus may reminder, future contain this forward-looking to our future forward-looking These a financial events, As and call statements Power's operations performance. comments statements. on

When forecast, statements. materially used risks various Power statements expressions those from relate on will, this These call, the the differ to Altus estimate, as and predicted words in expect, which to identify plan, statement. subject similar a cause forward-looking outlook, actual forward-looking and are to they results

Power obligation no or circumstances change. in update statements if these assumes Altus the future to

these in XX-K March factors we filings that For and uncertainties, more XXth, to impact other statements, risks, information, review SEC our on SEC with the the forward-looking encourage specifically, discussed XXXX. you could filed our

adjusted we call, and adjusted EBITDA non-GAAP margin, which refer are to this will financial also measures. During EBITDA

be and financial believe management financial uses evaluate plan, this performance, our to Our monitor, team information and to measures investors. non-GAAP these may useful we

financial these certain financial considered and comparable computing from be Power's measures non-GAAP for financial These may measures exclude used a non-GAAP non-GAAP as companies. Altus similar of items measures other methods substitute should not GAAP measures. differ by financial

today. the presentation both non-GAAP press and For on we reconciliation contained financial issued more a these GAAP measures from information is the detailed to in measures about release that these

the Executive Norell, Power. of Please turn Officer turn call to over Lars slide Co-Chief to as four Altus I

Lars Norell

relationships welcome analysts. May, increase first and development. and our call customer our to continued Since Chris in our develop of cadence and and new all construction Thanks we have quarter investors

adjusted $X.X for quarter operating million year $XX.X XXXX. Net reporting we're of the of second quarter an income revenue million, million profitable second as of of more for in adjusted of most compared company's in EBITDA history increase quarter, EBITDA. double to the the $XX.X quarter last revenues EBITDA our as and our the second well Today, XX% and than

the guidance $XX to $XXX margin positions us in during range with execution mid- XXs. second of an XXXX million million our reiterate Our the to to high quarter EBITDA

an the Starting slide our financial into owner strategy each This arrays. now our and share of before operating solar I'm is be of Altus largest commercial deliver electric clean country's our important high-growth our dive results, for to proud details milestone assets on we has Power customers owning of and to and five, to validates that Altus grown markets. to the in behind power

funding and products to well services allow our additional will customers. footprint long-term to Our to deliver us expand access our as develop as to and

want of also growth. the further customer benefits to to We fuel our combining detail programmatic Solar engagement Immunity

megawatts in The us property customers, in feet. at an least cases, which size. to square portfolios spanning buildings than build array of X of Each XXX,XXX numbers rooftops many with include significant of enables more of largest our

development facilities US multiple with Street, with a across owns our are the XXX states and assets High approximately for several example, place them agreement exclusive logistics of going portfolio in we interconnection to have pleased into applications. across and

addressable growth, has our which total as adds market. programmatic emerged Coupled significantly large to another driver Community flow with important Solar this rooftops, of of

and a array which subscribers to sell rates. power energy we the asset the tenant an retail the excess Solar opportunity top available discount can market maximize of is the to the building their roof of the limited the on because size at residential array Instead, constructed. Community by fit expands in isn't to needs space

partners, Altus whom offers of to Blackstone of all Community significant clean enterprises of of our strategic seamless and are the potential customers our to some introductions Power. mention numbers to and also power. plays strengths CBRE are unique subscribers employees, directly and one, Solar large To there electric

Another digital advantages, the in example on-boarding and it coupled we customer servicing and our segment offers. scalable brand rapidly scale, recognition These in from us our is brand platform further and have efficient our with advantage allow growing growing the our grow this market. to of

our to for slide now six Moving on highlights new assets.

our as assets quarter, bringing current in Maine, added second nearly quarter megawatts pleased to during to to the the XXX We states XX of With operations our our in-service complete grew portfolio first were end. across US. the asset

program, customers opening for be the Solar where to Jersey our our one we've of the sign New achievement, construction. Adding residence final to assets of of stages July begun Community up to this marked Power Altus in

the Most of in XXXX plan proud arrays, to will to and Solar in heavily Jersey megawatts Community serve complete we investing of the State. XX customers we're New Garden be

scorecard to of the construction seven. our now Moving slide activity on

assets developed progress As demonstrating has XX megawatts our steady construction of of our expectation in today, XX of newly towards team megawatts. XXXX, of completed

to near-term continue timelines anticipate New assets during and assets Our with completions Jersey our New completed in the of be forecasted in-construction quarter. fourth York our Maryland to

Our ever megawatts progressing in represent which our being calendar will completion our confidence equipment and roofs on process majority in of team. the our achievement would lots. in in through on installed XX site output year, in this with construction timing parking be assembled another for a the XXXX of and of stems from major milestones and largest construction activities The

A base or of which Continuing and right slide with our pipeline remainder the in XXXX. to year, later have with our to portion that we development our complete this operations with XX% Staying the on supporting of of slide, in eight. we growth of part expect the construction and preconstruction. asset pipeline

on development megawatts to completions XX XXX This pipeline expectation that benefiting to contracting double cadence we programmatic and flow of which construction partner expect from XXXX. through latter our now from channel in phases process. see increasing at will and engagements the pace the supports We increase moving year this in are we the megawatts or our

earlier by in customers, growth with construction driven system procuring in the significant platform, is our for and output of engagement programmatic strategy growing increased process. expectation components our our and construction development major construction Our

new of assets velocity to upcoming of the we in stages can additional provides our pipeline years, volume conditions. confidence that similar provided increase ramping all our continue Our market across

slide, acquisition left Moving an engine our pipeline the remains to of our the additional of growth for business.

and Over customer the the new few pleased closing were to with new approximately among Keysight of we megawatts which HP announce Technologies, past assets, weeks, solar others. storage XX introduced and relationships Inc. of

belief the We been future. are the opportunities a part in previously staple on discussed. targets important execution have our to-date base asset will storage pleased largest in our the added to development Altus asset Acquisitions have strategy of in over an these are and additive also firm remain storage our I that be Power's to like we years of

Power offer leverage also where similar Altus our markets growing in to we land new and they And deploy terms impact of a into strategy. our and can customer continue entry new and brand relationships expand

hand to that, the additional call for over With Webber, CFO, financial Dustin? now Dustin let highlights. our me

Dustin Weber

margin. and includes Lars our include This adjusted and slide to review EBITDA adjusted Please our EBITDA measures, nine which quarter of welcome discussion cover Thanks call. will as GAAP non-GAAP second join a on I and financials. me

smaller additions During an half. development service and the million of XX%, the our impact quarter compared to a from quarter, in into grew assets second $XX.X of by $XX.X XXXX, large of driven second placed to acquisitions this during our the new increase million revenues mainly first

periods. from compared resulted Turning the second of the posted We million primarily income This alignment quarter million fair income income of Xnet to $XX.X GAAP remeasurement XXXX. for our decrease of quarter. net value of both $X.X during to the shares during

these a are driven remeasurements price movements our from in by quarter-to-quarter. and As reminder, share are noncash

in amounting of XXX%. and fueled we to the increased This of by to million $XX.X revenue mentioned by compared and second XXXX, Shifting quarter partially increase focus was growth general, levels expenses. administrative adjusted reported operating the drivers $XX.X to offset earlier EBITDA, million primarily

margins our to growth quarter, a spreading over operating XX% and scale year, gained last larger from EBITDA up number the by assets. XX% driven expenses revenue our grew For of economies of by and adjusted

year. million adjusted strong margins the XX our half XXXX EBITDA XX% $XXX turn to us of and discuss for mid to our in first gives EBITDA range. confidence the adjusted A in range guidance I high slide to $XX achieving million Please outlook as

outlook continuing megawatts additional EBITDA assets half we in acquired completing additions the of megawatts in underpinned adjusted and XX second confidence July. and storage Our is solar by XX of

currently outlook low for last to seasonally strong our Our driven margins the expect by year's quarter third similar strongest of we and performance fourth the us. the a as is ahead half first your the XX% levels for third be to range. reach margins in modeling, in quarterly with margin still To quarter third help quarter quarter the

to require to continue we our financing, no to growth execute capital plan. equity Turning

as our million $XX of debt received the tax well as incremental quarter, equity. additional fixed from proceeds During facility rate drawn long-term we second cash from Blackstone

were with over into of combined our generation financing, These internal million from new redeployed construction. assets under operations, cash $XX

expect We our tax from additional to remainder and during facilities utilize support our equity growth to sources the debt of year. proceeds the

our In plan. are executing we summary,

those our track We're into newly results projects competitive to financing well-positioned expect our add guidance cash year. on put our rates to quarter reinvest second to we the us Our our will which meet to we and generation, continue completed for at business. projects

back review closing of That for my call Lars pass the financials. to now I'll some concludes our remarks.

Lars Norell

Thanks Dustin.

which we to like month. issued to Sustainability on highlight I'd last Annual Q&A, moving Before second Report, our

Chief which employees, our Officer, Sophia investors, has value of customers, Our continues believe all corporate and communities our business headed they for our responsibility live. ability by enhance we Lee, depth Sustainability in for the stakeholders our to social create team the to our and reporting the

track we differentiators growing are our our record demonstrating believe results is business. key for Also, of delivering what

profitably partnerships the largest grow Power growth country. ways that in is the to fuel through that owner commercial And arrays others our and can't. Blackstone able of to continue strategic We as in Altus solar with CBRE, now

a and arising of both focused on, identify drivers not existing additional to size Solar continue we're Community through opportunities market of assets instead in we growth, programs of Finally, base our seeing well exemplifying the as initiatives, states. terms slowdown in and new that is growth as maximize programs that seeing Solar customer activity of Community to any segment new expansion

your With that, to take available questions. now we're

Operator

you. Thank

be Instructions] We a conducting [Operator will now question-and-answer session.

Thank you.

Our from proceed question. with Morgan with first question Please your Percoco comes Stanley. Andrew

Andrew Percoco

you maybe the into for footprint estate that taking from wanted I have into scale of at just to you leverage discuss to highlighted. plan guys new Thanks question. leverage Can just Solar real the your the Community Community how Solar? opportunity some dig partners to you morning. Good

percentage to just can square percentage And feet of be what maybe XX across point of that said you let's maybe look on needs you roughly a million and is Community the power think put to own Street When High would I what for their Solar? example. dedicated it, be space, portfolio, use which as an logistics roof finer just needed maybe

Lars Norell

Absolutely. highlight the in last acceleration in We're seeing maybe slowing prepared your this form. question. that is any the of to for Community one them. Lars. Hi the point results And Andrew, let that. the prepared Community script our and us obviously Solar is growth a way, down testament made It's or in are really on Solar, or not Thanks discussing the shape, way QX and remarks just segment an to of connect in to

only instances The rooftops which build many dry a and Street, very cases, arrays is in in megawatt using rooms. to X large megawatt only example, system power many might the they equal draws Street have could portfolio, those we Community to where what but in specific about have solar X point states, size. about High storage a an Solar X And storage as various High has, dry logistical very, underneath

on buildings, all enough you're that for lucky of at XXX to would megawatt sort of if size build to be so X indicate And them, each. some able

into to and Solar power up The and us combined sell to that the would system of Solar states we offer megawatt sign some there's allow is the entire High fit of Community currently behind into more some buildings and would it sort we Solar. be of are Community roof, going whole the tenant to tenant upsize Solar, a megawatts part simply sell pool Street in X would basically or of meter the is solar still portfolio, in that either like many to the immediately back Andrew, X be in where the which X Community the those Community tenants, and to systems,

to is us. Solar a of and coincidentally strengthener enhancer allows with Community High brought CBRE Blackstone the corporate Street that relationships also because So, interact to already an and It us more Altus sell and connectivity can rapid employees power we sense decarbonization. their and tenants' Solar further their and gives Community employees, a to to of them them increases between which the

the and So, killer that we're to in a solar largest commercial in that feels us thankfully Community the really we're the engaging now for of like Solar app kind country.

Andrew Percoco

you think helpful. if follow-up to going per remind I'm us That's pieces, moving your I just asset those some size you up just if for target simply basis. projects. a And I your on just on be running Solar -- scaling of one ask Can a super question there's maybe sounds that. I IRR you're mean could different if through just the cost like capital to watt Community

a would think lead fair believe some kilowatt me would per a assume you to it? Community paying higher going that consistent would hour your to way be assuming off-taker a with IRR. substantially stated I higher $X of watt basis then I'm Is your it's in price per customers, Solar that about C&I historically, of $X fairly but to that is figure which be

Gregg Felton

Greg, Yes, this is Andrew.

encourage tenant So, you the think paying behind-the-meter Solar as Solar than about the could fashion a about think Community Community the we a in may case. behind revenue a are system, the to system, where There from very our what excess you meter, would different in the just you revenue is be opportunities, similar system. perspective, described, be that program in the in of traditional might the

customer Similarly, costs the customers. with potentially acquisition are there identifying associated

that real can consider way with value owner Solar appropriately thinks give So, lease that Altus the the benefit, and is program the the the about Community to associated that afford. costs estate the

And return as of the optimize lease substantially to to discounted to the providing, us. we're is risk is return, similar In us. trying But also the to from well the substantially landlord. every the instance, to similar therefore, we're perspective, robust risk a but payment customer the power as course,

the profile. say So, be across the the consistent regardless opportunity of combination factors with we of a those development would would portfolio

Lars Norell

sent or last we again. us last actually Andrew add site starts government was tax the perhaps for when And the is of an since a low Perhaps just out a that moderate is income the e-mail now little that -- and households. Lars week end in is week, around higher investment could The corner differentiator credit -- providing bit. this to one in

terms the That starts hold return, then to capital Community Solar importantly, the most how really in amount make a the we but differentiation against of of to that maybe asset. have

with on run math, the sheet say, have tax you basically facility XX% but balance if in a once our Solar and to on added, equity investment hold the place, household the assets XX% so income low LTV could to goes from is to we in ITC those know deal don't Community have for the we and And against XX% debt the net down zero. that credit I the XX% then addition Blackstone the that's moderate and

of. largest Community value, there be will set hard Solar the will, different At be upside if economic moment, assets particular provider to we created the by working are that definitely a and of that you

Andrew Percoco

Thanks much. context. great so That’s

Operator

you. Thank

Our MKM. proceed ROTH your next with question comes from Please Justin question. Clare with

Justin Clare

Yes. Good everyone. morning

Lars Norell

Good morning.

Gregg Felton

Good morning.

Justin Clare

understand construction when off construction you with And to I timelines timelines. move where in that us XXX-megawatt into there. to they're that you give have think your start path trending? bucket completed the to construction if through to could in target assets XXXX? need and Just them trying order on was to an first wondering wanted just update today, are wanted So, how

thinking long how there's to lead-time And talk long we've you're switchgear. then in and chain, the about it? items you you're relative heard and positioned about challenges lead-time those Can supply still about -- transformers items how some like

Lars Norell

Lars. is This Absolutely.

Justin the question. thanks for

We complete remaining expect of be pre-construction, complete. it megawatts portion the But in go some megawatts some is completed be megawatts to not currently construction basis going this megawatts maybe the it, first stitch call going year. to completed will of XXX course, to of the year try we XX in XXX that's XX this XX, scheduled to have of XXXX math into year. to to in forms So, stage keep We're and that that, that simple. this construction XX and together the that's the to

in that next going the to stage six bucket or put currently assets and three is months. be half stage late of construction some into are negotiation the what's about of to contracting And the in

between in looking potential, megawatts of we're In XXX XXX, XXX you to of XXXX. out two, those megawatts forward complete get which basically to

So, the that's cadence, bucket you of that if moving the and the will, late through also construction the both bucket. of contracting stage

working so that But in two timelines. filters, to and them, are submit call We permitting timelines not permitting any interconnection from to seen we're and deals with improvement basically of assets next more that amount we those complete let's in the is applications, interconnection year the material consistent in have both output looking more the the year. and this

And We've so and an more components is we about people those, if think obviously construction. We've of percentage slightly margins, we are is development than inventory of in last hired talked keep on worth because more very the major Justin, but up. scaled you will, something weighing before, we've the which on doing to margin. focused buying earlier timing

submitting both and beyond more platform, into then having this larger year feel deals interconnection to next and year and about origination grow that. XX and XXX between early the a permitting, And being component getting we good on

Justin Clare

And to maybe Okay, great. different here. a really helpful. That's then shifting topic

you're how Just about wanted your to thinking strategy. see acquisition

in difficulty the may it accessing current industry in, looks having more higher little the capital. rate be Given a we're like interest environment some bit that

set strategy maybe to how and and evolving? that So, then things opportunity speak your the maybe are you seeing can you're

Gregg Felton

is great a that's This question. Yes, Greg.

is of and in call is I'm that advantage. that there on capital clear tightening the visible to our aware and most sure the capital for markets playing So, is tightening everyone

is increasing our are we've channel seeing are channel frankly to and of many we're discussed, addition developers capital our coming that partners of constrained. long-term then financing. These an opportunities to just from that us provide because In flow to look working who self-developed the opportunities partners

similarly, cases, in robust in question, are on from that and asset other And pipeline an operating owners existing to your some the then not there side, it's frankly. of rate, opportunities from increasingly is well-hedged cases, coming well-hedged,

think we in as very I good company. a a are spot So,

we've We hedge. $XXX rates a million January, -- back interest in that you of SOFR I'll hedged remind a

rates fact of also have only of borrowing, not terms so at attractive we And that the hedged in cost benefit the we're of the spread we which capital, but attractively.

And so right? there to but we're to be able continued disciplined, be out

opportunities acquire have. pipeline to that the the continues opportunities looking So, we are robust. to for of be right we It

XXX-plus You optimistic see bucket we of the many about the by into virtue backdrop a operating to are for And many megawatts in of our and the need pipeline. owners divest. closing asset negotiated moving deals

Justin Clare

the great. time. Okay, you. Thank Appreciate

Operator

Thank you.

question from Please comes Our Securities. Riley with with next proceed B. question. your Chris Souther

Chris Souther

around guys. question my Hey though. that the Maybe details construction of follow-up here. one all for just the taking and Thanks pipeline kind around

are year XXXX, think For the XXXX in to start flow and XX a of megawatts of about into kind to we'd be kind good that to a half? kind first the half back stage fair XXX way exiting that is XX proxy in opportunities stuff cadence at megawatts year steady that expect of earlier will that the that state? Is a you of construction for of that the the

Lars Norell

urban not bad differences, It a areas. Yes, different to Yes. are takes build Chris, in There longer in guesstimate. that's some markets.

solar in that's system in So, for Brooklyn, if to complete than construction Georgia. the system going in solar a longer take we example, to have

the better would we've have the the so over construction-ready crossed it's on But tenant lobbying at see landlord PPA dotted one we to not for where and one XX the and else. and come development lease -- to megawatts sort construction everything with first half. of gotten with the And all Is the plan assets into Ts that say in and that been

it's an in then or first the to QX and construction little construction where get gets when quite jurisdiction get backlog, development desk our half in next or for is done the can QX and if coming deal you And a completely permits asset some still to easier this the and of see that's perhaps utility of ready construction are and year, year. in a desk especially, go that into example, in

XXXX. the there's going deals, individual So, bucket, bucket movements which construction completed to and between and in also some both current in be go construction is into contracting in the

Chris Souther

can Okay, helpful. that that That's this you projects guidance based any are the the coming visibility got half? you're portfolio on from in it. on the the just on on then the maybe breakdown really And projects expecting in already give contribution second the for year, are those versus

I'm the and implied on quick stronger doing the math fourth decline quarter. then sequential a just for XQ seasonally

I to question, are part a we wanted where but exit So, quite. that of on It's get kind sense visibility? not an

Dustin Weber

one. Hey Chris, I take this Yes. can Dustin. that is

completed. So, put $XX yes, half year of sit adjusted we're $XXX at very guidance to the of year to the pleased with after million We where start million we EBITDA. out first is the

midpoint. that's, XX% So a growth the over

feel we that. good about very So,

our say channels I property we to for as driving on are Community more the all strong And would is income reduction. Community and focused ever. through Solar is Solar. Demand where is rental expected where we solutions growth we're that sit offer as today, And even carbon owners that Same able and we're sit unique true customers. because to commercial today of

by most quarter of profitable operating is is our which humming, us evidenced ever. And assets announcing our just portfolio

So, year, second in through half. to we'll the we're very and pleased here with where continue execute halfway we the sit

Chris Souther

okay. it, in I'll That’s Got helpful. Thanks. the queue. hop

Operator

Thank you.

question. question with from Our Citi. Bagri comes Vikram with next proceed your Please

Vikram Bagri

Hi, taking questions. the thanks for

expected this megawatts for in construction Just going the to back year.

XX process, approved those through conversion interconnection historically does the some do you that applications? all your have permits already what's insight those the On Has the system? meaningfully? on megawatts, us changed give been could and just interconnection rate And

Lars Norell

interconnection question. quite is around logic commercial of and to interconnection. commercial scale Altus utility is or processes which at good moment highlight for interconnection, interconnection Thanks from Yes. a our Lars. some your Hey solar Vikram, this different is This the

in interconnection interconnection send And behind XXX%. interconnect just close speculative might some sort or where us to the fashion solar to utility allow applications very the We an might is take application our not on first said, the in rarely system. meter of you to yield thing

for coming going sort have follows; X to The most upgrade to to charge might back Altus, $X million build expenses. you ball the be we're utility substation likely applied next X megawatt the a in if interconnection, to from curve you want you we of factory, system, interconnection megawatt that something as a and

And the deal you to $X if or let the support might $XXX,XXX. megawatts interconnect might not but say, just will you the size a for utility million X.X reduce system will interconnection,

being business of to so ends but it's parking come lot. and a decision And on unheard in that up a you roof that back solar we will almost we utility or ultimately want the put that say, to don't make, for that system

solar timing a for time. commercial perspective, that say, from XX-megawatt busy all that XX approvals have in now, a because long four rare in are months an three weeks, interconnection bucket longer interconnection they deals to right so than, we the XX are it's takes in their all to the And lucky we're that building

those all, if deals into the in into construction. bucket, the then have their are that are the the the not can of Many that the ones bucket, of that contracting And rest be also now deals moved going in they interconnection are approval. so construction interconnection

that make for The is once last construction us. point complete is to

effectively the from completed So, megawatts to New construction the in that assets perspective. XXXX, Altus' of complete New we're Maryland, Jersey, in XX and in the the assets the in are X case York; for of many XX those going

to everything to supposed And because came added be add solar of site, that component consider is looks already if you running to up complete. and that to the like it system. sort We've that last deal you'd we're

the start into But that that interconnection add back and of what some to switchgear the is indeed to system power allow to building. left their done features for utility be exporting is

And complete, months. the could XX few or on. work so megawatts very to can we of finish then or construction is weeks a the utility their late awaiting stages that a that so of couple turn systems indeed in take But the

Vikram Bagri

give low kind a guidance. are ends? range? hitting see. very end to or around EBITDA for of the going one I either you key to follow-up Could question needle sense full that be us just the high what those What's year going And the That's move for of on drivers the they helpful.

Dustin Weber

Sure. Yes, I can take that.

halfway ago, we're very we're said the year, feel good at. minutes we about through where where I So, a few as

expect have XX that point are in we of to be to some be going new We megawatts of the year. coming assets developed year. this at late Most that on

not a to but will for us XXXX, EBITDA going to next year our year what be cash realize contribution a where assets. large into well from position realized we're of really So, those flows going full

But main business. our executing on I the just driver is really think --

performing managing As well, our I said, high well. margins. our operating portfolio We're is is costs our which evidenced through

So, I get and to end year. those the execute service in continuing just think at it's the placed of assets

Gregg Felton

to bit of annualized -- that base, concept and we a is to to a response, realized just thing Dustin's as an one big flow. And this calendar Greg, into as a view thought plays in important add cash factor you your means was par to that exit provide the comment asset in is terms the heard of that because question, we timing out put

metric exit investors allow to part, basis. analysts to So, a on run how understand performing the company is meaningful a is hopefully, and rate the

Vikram Bagri

Thank see. I you.

Operator

Instructions] [Operator you. Thank

further no This are questions. concludes teleconference. today's There

You time. may disconnect your Thank this lines for at you participation. your

Altus Power (AMPS) 14 Aug 232023 Q2 Earnings call transcript