John Windham

John Windham from UBS inquired about the unnamed large clean energy infrastructure project, specifically asking for confirmation that it is the SunZia project, and sought details on the equity stake and economic returns.

Answer

Jeff Lipson, President and CEO, confirmed the project is SunZia and stated that the expected returns are consistent with HASI's typical targets for recent utility-scale investments, clarifying it is a preferred equity investment.

John Windham inquired about the specific identity of the large $1.2 billion investment project, its economic structure, and the nature of Hannon Armstrong Sustainable Infrastructure Capital's equity stake.

Answer

Jeff Lipson, President and CEO, confirmed the project as SunZia and stated that its expected returns are consistent with recent grid-connected portfolio investments. He clarified that Hannon Armstrong Sustainable Infrastructure Capital's involvement is a preferred equity investment.

Asked for an update on the Generac partnership and for details about the Quasar 2 bidirectional charger project, including partners and offtake size.

Answer

The CEO stated the Generac partnership is progressing well, with Wallbox supplying co-branded home chargers and integrating software platforms. They are also collaborating on a fast-charging solution with battery storage. The Quasar 2 is the first certified CCS bidirectional charger in North America, allowing users to power their homes from their EV. The initial rollout is with Kia EV9 owners, starting with tens of units and expected to ramp up to over 100 units per quarter by Q4.