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Filed Pursuant to Rule 424(b)(5)
Registration No. 333-298054

Prospectus Supplement
(To Prospectus dated August 6, 2026)

Clearway Energy, Inc.

Up to $100,000,000 Aggregate Offering Price of Class C Common Stock

We have entered into an equity distribution agreement with Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as sales agents, relating to the offer and sale from time to time of shares of our Class C common stock, par value $0.01 per share (“Class C common stock”). Upon entry into the equity distribution agreement, we terminated our prior at-the-market equity offering program. At the time of such termination, approximately $75.0 million of shares of Class C common stock remain unsold under such program.

In accordance with the terms of the equity distribution agreement, we may offer and sell shares of our Class C common stock having an aggregate offering price of up to $100,000,000 from time to time through the sales agents pursuant to a continuous equity offering program.

Our Class C common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “CWEN.” The last reported sale price of our Class C common stock on the NYSE on August 5, 2026 was $31.18 per share.

Sales of shares of our Class C common stock, if any, under this prospectus supplement and the accompanying prospectus, will be made by any method permitted by law and deemed to be an “at the market” offering as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), including by ordinary brokers’ transactions through the facilities of the NYSE, to or through a market maker or directly on or through an electronic communications network, at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, in block transactions or as otherwise permitted by law. Sales of shares of our Class C common stock will be made by only one sales agent on any given day. The sales agents are not required to sell any specific number or dollar amount of shares of Class C common stock, but each will use its commercially reasonable efforts consistent with their normal trading and sales practices, as our agent and subject to the terms and conditions of the equity distribution agreement, to sell the shares of Class C common stock offered, as instructed by us.

We will pay each sales agent an aggregate fee of up to 1.5% of the gross sales price of all shares of Class C common stock sold through such sales agent under the equity distribution agreement. In connection with the sale of the Class C common stock, each sales agent may be deemed to be an “underwriter” within the meaning of the Securities Act, and the compensation of each sales agent may be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to the sales agent with respect to certain liabilities, including liabilities under the Securities Act.

The offering of Class C common stock pursuant to the equity distribution agreement will terminate upon the earlier of (i) the sale of all shares of Class C common stock subject to the equity distribution agreement or (ii) the termination of the equity distribution agreement by us or by each of the sales agents.

Investing in our Class C common stock involves a high degree of risk. Please read “Risk Factors” beginning on page S-6 of this prospectus supplement. You should also consider the risk factors described in the documents incorporated by reference in this prospectus supplement and the accompanying prospectus.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement and the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Wells Fargo Securities

Morgan Stanley

BofA Securities

Citigroup

J.P. Morgan

The date of this prospectus supplement is August 6, 2026

	ABOUT THIS PROSPECTUS SUPPLEMENT AND THE ACCOMPANYING PROSPECTUS					S-ii
	NOTICE TO INVESTORS					S-ii
	CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS					S-iii
	SUMMARY					S-1
	THE OFFERING					S-3
	RISK FACTORS					S-6
	USE OF PROCEEDS					S-8
	MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF OUR CLASS C COMMON STOCK					S-9
	PLAN OF DISTRIBUTION					S-13
	LEGAL MATTERS					S-14
	EXPERTS					S-14
	WHERE YOU CAN FIND MORE INFORMATION					S-15
	INCORPORATION BY REFERENCE					S-16

	ABOUT THIS PROSPECTUS					ii
	FORWARD-LOOKING STATEMENTS					iii
	SUMMARY					1
	RISK FACTORS					2
	USE OF PROCEEDS					3
	DESCRIPTION OF CAPITAL STOCK					4
	DESCRIPTION OF DEBT SECURITIES					14
	PLAN OF DISTRIBUTION					17
	LEGAL MATTERS					19
	EXPERTS					19
	INCORPORATION BY REFERENCE OF CERTAIN INFORMATION					19
	WHERE YOU CAN FIND MORE INFORMATION					20