Craig Cornelius

Chief Executive Officer (CEO) at Clearway Energy Inc

Since July 1, 2024

Age

45 years

Tenure

Has been with CWEN since July 2024, serving as President and Chief Executive Officer and as a member of the Board

Also at Clearway Energy Inc

KPM

Kevin P. Malcarney

Executive Vice President, General Counsel, and Corporate Secretary

Sarah Rubenstein

Executive Vice President and CFO

About

Craig Cornelius has led Clearway Energy, Inc. (CWEN) as the President and Chief Executive Officer since July 2024, joining the company as both CEO and a member of the Board on 07-01-2024.

Before assuming his current role, he built an impressive career in the clean energy industry by serving as the CEO of Clearway Energy Group LLC after its formation in 2018 and as the President of NRG Energy’s renewables division, where he was pivotal in overseeing projects in wind and solar power.

His professional journey also includes significant roles at Hudson Clean Energy Partners and the U.S. Department of Energy, where he managed the $1.5 billion Solar America Initiative, further solidifying his reputation as a leader in renewable energy. Although specific personal background and educational details remain undisclosed, his strategic contributions continue to drive CWEN’s growth and industry presence.

$CWEN Performance Under Craig Cornelius

Past Roles

Organization	Role	Date Range	Details
NRG Energy, Inc.	President, Renewables Division	2013 - 2018	Oversaw origination, development, engineering & construction, operations, and asset management across wind and solar power businesses
Hudson Clean Energy Partners	Principal / Managing Director, Solar Investing Practice	~2008 - 2013 (5 years)	Focused on solar energy investments
U.S. Department of Energy (DOE)	Program Manager, Solar Energy Technologies Program	N/A	Led the creation of the $1.5 billion Solar America Initiative
NASA / Thai Geoinformatics and Space Technology Development Agency / U.S. National Academies of Science	Various Roles	N/A	Worked with these organizations; additional details not specified

External Roles

Organization	Role	Date Range	Details
Clearway Energy Group LLC (CEG)	Chief Executive Officer	2018 - Present	Sponsor of Clearway Energy, Inc. (CWEN); position established via spin‐out of NRG Energy’s clean energy businesses

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$500,000 (until June 30, 2024) then $750,000 (from June 30, 2024 onwards)	Annual salary; pro-rated for periods before/after June 30, 2024	Increase becomes effective on June 30, 2024
Reimbursement for Business Expenses	N/A	As incurred	Reimbursement for reasonable business expenses incurred while performing duties; provided by Clearway Energy Group LLC (CEG)
Reimbursement for Financial Advisory and Tax Preparation Services	Up to $12,000 per year	Annual reimbursement	Covers personal financial advisory, tax preparation, or related legal advisory services
Legal Fee Reimbursement	N/A	N/A	No additional legal fee reimbursement beyond the $12,000 cap for financial advisory and tax preparation services

Performance Compensation

Data from FY 2024

Annual Bonus

Metric [Unit]	Value	Details
Target Bonus	175% of base salary	Annual bonus eligibility based on performance objectives
Maximum Bonus	300% of base salary	The bonus payout cannot exceed 300% of the base salary at the end of the fiscal year
Performance Metrics	N/A	Specific performance metrics are not provided
Evaluation Period	Fiscal Year 2024	Bonus assessed over the course of the fiscal year

Long-Term Incentive Plan Award

Metric [Unit]	Value	Details
Grant Type	RPSUs	Relative Performance Stock Units are awarded as part of the LTIP
Target Award	350% of base salary	Annual LTIP target; one-third is service-based and the remainder performance-based
Performance Metric	TSR Percentile Ranking	Payout % determined by company's total shareholder return relative to a peer group: 150% at 75th percentile or above, 100% at 50th percentile, 25% at 25th percentile, and 0% below 25th percentile
Grant Date	July 1, 2024	The date the RPSUs were granted
Performance Period	April 30, 2024 – December 31, 2026	Timeframe over which performance is evaluated
Vesting Schedule	Restricted period from July 1, 2024 to April 14, 2027	Final award payout in Class C Common Stock will occur between April 15, 2027 and June 30, 2027
Grant Date Fair Value	N/A	Not provided in the documents
Grant Date Stock Price	N/A	Not provided in the documents
Termination Condition	N/A	If employment terminates during the restricted period, awards are forfeited