Note 1 - Organization and Formation |
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| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
1. Organization and Formation
Alternus Clean Energy, Inc. (the “Company”) was incorporated in Delaware on May 14, 2021 and was originally known as Clean Earth Acquisitions Corp. (“Clean Earth”).
The Company consummated a business combination with Clean Earth in December of 2023 and simultaneously changed its name to Alternus Clean Energy, Inc.
On June 16, 2026, the Company's Board of Directors and Vincent Browne, as the stockholder holding a majority of the voting stock, approved an amendment to our Certificate of Incorporation to change our corporate name to Aedis Energy Inc. This name change is in process and has not gone effective as of the date of this Quarterly Report.
The Company is a holding company that operates through the following 8 subsidiaries as of June 30, 2026:
The Company's primary commercial vehicle is EverOn Energy LLC ("EverOn"), a consolidated 51% owned joint venture formed with Hover Energy LLC, through which it develops and will operate Wind Powered Microgrids™ for blue-chip corporate clients across four high-value verticals: big box retail, real estate, education, and manufacturing. Upon commercial launch, customers will receive energy under long-term, 25-year Energy-as-a-Service ("EaaS") contracts at rates at or below what they currently pay to their grid provider, with no upfront capital expenditure required. This model is designed to deliver immediate and measurable cost savings to customers while generating stable, long-term recurring revenues for the Company. See Note 5 for more details on EverOn.
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