February 7, 2024 | AES

AES to Expand Presence in Houston

The AES Corporation’s US clean energy business announced today that it is expanding its footprint in Houston by increasing its office space at its GreenStreet Tower office in downtown Houston. The expansion of AES’ Houston office is a strategic move by the company aimed at taking advantage of the Greater Houston area’s talent and resources in the energy sector. 

December 22, 2023 | AES

AES Statement on Proposed Hydrogen Guidance

AES is committed to accelerating the transition to a cleaner energy future. We believe the development of a strong clean hydrogen market is critical to reach our collective decarbonization goals, particularly for hard to abate activities like heavy duty mobility and industrial processes. As a leading global energy company, we have been developing electrolytic green hydrogen projects powered by renewables to meet this critical need.

AES has been a leader providing customers with innovative, tailored energy solutions – including 24/7 carbon free energy and other renewable load following solutions – that meet their specific needs. We bring this same mindset to our green hydrogen initiatives and have been developing green hydrogen projects that can meet the strictest requirements of our customers. AES’ $4 billion joint venture project with Air Products in North Texas will meet the green hydrogen criteria laid out in the proposed 45v guidelines.

The Inflation Reduction Act has created the opportunity for the largest build out of infrastructure in the past 50 years and sets the stage for the energy transition to a low carbon economy. We look forward to reviewing the guidance on the 45V hydrogen tax credit in more detail and working with our stakeholders to build the market. We remain committed to developing our hydrogen projects and working with our customers to produce green hydrogen that meets their requirements and helps them achieve their decarbonization goals.

October 30, 2023 | AES

AES Announces University of Colorado Boulder Graduate Students as 2023 Energy Innovation Challenge Winners

The AES Corporation today named the winners of its 2023 Energy Innovation Challenge. Graduate students from the University of Colorado Boulder – Thomas Hill, Tatiana Huet de Bacellar, Patrick Fegan, Emily Cummins and Andrew Bayliss – won the top prize for their proposal to revitalize the existing steam turbine infrastructure at the Zuni Power Plant in Denver. 

October 24, 2023 | AES

AES Awarded 1.2 GW of Clean Energy Projects in New York

The AES Corporation today announced that the New York State Energy Research and Development Authority (NYSERDA) has awarded the Company 1.2 GW of wind and solar projects across New York state under a large-scale renewables RFP. The projects will have statewide economic impact and will help support New York’s renewable energy goals.

July 12, 2023 | AES

AES Recognized in the Top 20 in Fast Company’s 2023 Ranking of Best Workplaces for Innovators

The AES Corporation was named to Fast Company’s 2023 list of Best Workplaces for Innovators for a second year in a row, securing spot #14 and ranking alongside other major global corporations like Adobe, Genentech, and IBM. The Fast Company list recognizes AES for its APEX program, which nurtures talent and encourages employees to contribute new, cutting-edge ideas that can lead to clean energy innovation, the adoption of new technologies, and business growth.

July 12, 2023 | AES

AES and PV Gas Receive Investment Policy Approval for Son My LNG Terminal in Vietnam

Son My LNG Terminal Project Company, a joint venture of AES and PetroVietnam Gas JSC (PV Gas), was granted the Investment Policy Approval for its Son My LNG Terminal project by Binh Thuan People’s Committee on 11 July 2023. The Son My LNG terminal project will be located in Binh Thuan Province, in the South-Central region of Vietnam. The terminal will have an installed capacity of 450 TBtu and is expected to begin commercial operations in 2027.

June 29, 2023 | AES

AES Increases Green Financing to $2.7 Billion to Support Construction and Operation of Clean Energy Projects in the US

The AES Corporation’s US clean energy business announced that it has increased its three-year renewable energy construction warehouse credit facility by $800 million to $2.5 billion to support the company’s build-out of clean energy projects. AES also announced that it has successfully closed $246.5 million of senior secured private placement notes for its US-based clean energy business, bringing the financing total to more than $2.7 billion.

May 18, 2023 | AES Hawai'i

AES Hawai‘i Celebrates Commissioning of Waikoloa Solar + Storage Facility, the Largest Renewable Energy Project on Hawaiʻi Island

AES Hawaiʻi today celebrated the Waikoloa Solar + Storage project, the largest renewable energy project on Hawai’i Island, with a blessing ceremony featuring Governor Josh Green, M.D., and attended by state and county lawmakers, officials from Hawaiian Electric, and business and community leaders.

May 15, 2023 | AES

AES Furthers Domestic Solar Supply Chain Commitments through Solar Recycling with SOLARCYCLE

The AES Corporation (NYSE: AES) has signed a Recycling Services Agreement with SOLARCYCLE, a tech-driven recycling services company, and launched a pilot program to assess construction breakage and end-of-life solar panel waste across the company’s portfolio. Under the agreement, AES can send damaged or retired solar panels to SOLARCYCLE’s advanced, high-recovery recycling facility in Odessa, Texas to be responsibly recycled and repurposed.

February 9, 2023 | BNEF

Corporations Brush Aside Energy Crisis, Buy Record Clean Power

“Organizations that signed contracts to receive clean power in 2022 partnered with at least 135 different power project developers. Virginia-based AES Corporation topped the list of sellers in 2022 with 2.8GW of new PPA’s disclosed as signed in the year. Engie (1.6GW) and Acciona (1.1GW) followed. All offered customized contracts intended to match customers’ energy demand profiles.”

December 12, 2022 | Wall Street Journal

The 250 Best-Managed Companies of 2022

How does your company rank in the latest analysis of well-run companies for customers, employees and investors? We rank America’s largest publicly traded companies according to Peter Drucker’s principles of effectiveness — “doing the right things well.”

November 10, 2022 | AES

AES Secures $1.7 Billion in Warehouse Facility Financing to Advance Construction of Renewable Energy Projects

The AES Corporation’s (NYSE: AES) US-based clean energy business today announced that it has entered into a $1.7 billion warehouse credit facility which will advance the construction of 3 GW of renewable energy...

June 21, 2022 | Wall Street Journal

Solar-Power Developers Pledge to Buy U.S. Panels—If Someone Makes Them

Renewable-energy group offers to buy billions of dollars of U.S.-made solar panels over four years, but government support might be needed to get domestic manufacturing off the ground...

June 15, 2022 | New York Times

Nuclear is back on the table for a green future

 

Andrés Gluski, chief executive of the energy company AES, said "When we’re talking about climate change, how much time do we have? If it’s going to take you 20 years to get a plant built, it’s not part of the solution.”

June 1, 2022 | PV Tech Power

Accelerating solar deployment through robotics

 

Late last year AES Corporation unveiled the Atlas, an automated solar deployment robot the company claimed to be a first of its kind. Here, AES gives PV Tech Power the full story of its development.

May 25, 2022 | New York Times

Corporations pledge to buy "green" at Davos gathering

A global buyers’ club of more than 50 companies, including Microsoft and Ford Motor, say they will buy “green” steel, aluminum and other commodities by 2030.

May 13, 2022 | Politico

Biden's battling one energy price nightmare. Here comes another.

Andrés Gluski said during the renewable energy development company’s first quarter earnings call last week, “Renewables are more competitive today than ever. And in almost all cases I can say that the energy from renewables is the cheapest energy.”

May 9, 2022 | Axios

AES partners with Amazon for 675 MW renewables deal

Working with existing producers like AES is a time- and cost-efficient way to transition to renewable energy. As with other global trends, like remote work, tech companies are in a unique position to dictate how corporations work with renewable energy suppliers in the energy transition. And that could be a boon for facilitators and producers like AES.

May 5, 2022 | PV Magazine USA

AES to supply Microsoft with 110 MW of solar, 220 MWh of storage

 

The capacity will be used to support Microsoft’s data centers in California and builds on an earlier supply agreement between the two companies in Virginia.

April 2, 2022 | Renewables Now

AES Chile inaugurates 110-MW wind farm for Google

Chilean power producer and distributor AES Chile announced it has put into operation the 110-MW Los Olmos wind farm, its first self-built wind farm in the South American country.

March 31, 2022 | AES

AES’ US-based clean energy unit secures optimized funding for the construction of 2 GW of clean energy projects in US

The AES Corporation’s clean energy business unit today announced that it secured a $700 million revolving credit facility to finance construction of 2 GW of clean energy generation and storage capacity across nine states.

March 29, 2022 | AES

Savings from natural gas

 

Thanks to its long-term contracts, Panama will have a secure supply and stable prices.

March 10, 2022 | Fox Business

Energy experts laud new tone as Granholm, Biden admin call for more US oil and gas

 

Granholm asked energy execs to start "producing more right now," but hurdles remain, industry leaders say.

March 10, 2022 | E&E News

"Son of Build Back Better." Energy CEOs eye renewables’ future

Supply chain disruptions, inflation and bureaucratic regulations are slowing the deployment of renewable energy in the United States and jeopardizing efforts championed by President Biden to achieve 100 percent carbon-free power, leaders in the electric industry said yesterday.

March 8, 2022 | Fast Company

The 10 most innovative energy companies in 2022

 

Elemental changes are underway in how we replace fossil fuels and decarbonize the economy, and companies such as Twelve, BlocPower, AES, and Heliogen are leading the way.

February 28, 2022 | Power Engineering

AES Corp. says it’s curbing coal-fired generation mix this decade

 

Virginia-based AES details its carbon reduction target during the company’s quarterly and annual earnings report this morning. Perhaps the most dramatic element of the AES earnings report is the move toward a significantly greater portion of energy storage, wind and solar in its future generation mix.

February 9, 2022 | PV Magazine

AES to use AI-enabled bidding software for solar and energy storage projects

 

Fluence reports that the recent 1.1GW agreement with AES is one of the largest single procurements of AI-powered bidding software for renewables and storage assets by an independent power producer in the US.

February 7, 2022 | Utility Dive

Microsoft, Google, other corporate buyers get creative as demand for renewable energy spikes

Corporate buyers of renewable energy are changing their expectations of the process as the industry shifts into a seller's market.

January 20, 2022 | S&P Global

Lithium-ion takes early lead in Calif. race for longer-lasting energy storage

 

If fully approved, Tumbleweed would not be the first lithium-ion battery agreement with at least eight hours of duration. AES Corp., for instance, has a contract for an eight-hour project in Hawaii.

December 27, 2021 | Clean Technica

US Air Force taps solar energy, wireless transmission for battlefield deployment

 

Last fall the Air Force Research Laboratory announced an eight-project lineup for its new Expeditionary Energy Campaign initiative focusing on clean tech and renewables. Among those eight, front and center is a leading US solar energy developer that has been flying mostly under the radar.

December 21, 2021 | The Philadelphia Inquirer

Radnor-based renewable energy pioneer is sold to Fortune 500 company

 

Community Energy Inc., the Radnor renewable energy pioneer, is selling its solar energy development business to AES Corp., an international energy company that is rapidly expanding its clean-energy..

December 10, 2021 | CNBC

Battery stock Fluence is way to play energy storage

 

The company, which is a joint venture between AES and Siemens, went public on Oct. 28 via a traditional IPO that valued the company at..

December 8, 2021 | Renewables Now

AES launches solar installation robot

US power generation group AES Corp (NYSE:AES) today revealed its solar installation robot Atlas with which it ...

November 18, 2021 | Axios

The new frontier of corporate clean energy buys

Google (which funded the research) says it's making progress, and for instance, in May announced a deal with AES to provide Northern...

November 16 | Forbes

Green Growth 50: Learning from companies boosting profits while cutting emissions

 

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November 4, 2021 | CNBC Squawk Box

Microsoft taps AES to power Virginia data centers with clean energy

 

CNBC’s Diana Olick join ‘Squawk Box’ to report on the latest developments at the 2021 United

October 17, 2021 | Bloomberg Green

Google’s biggest moonshot is its search for a carbon-free future

 

In Virginia, Google offloaded its 24/7 plan to energy distributor AES Corp. The companies signed a 10-year deal in May, for an undisclosed amount, covering 500MW of renewable projects that AES owns ...

October 6, 2021 | Wall Street Journal

Google rolls out emission-curbing tools for Nest thermostat

 

Google worked with WattTime, a nonprofit group that provides technology for tracking and managing power use and emissions, to estimate emissions data for homes. Seven power providers, including AES Corp...

September 28, 2021 | Reuters

Siemens, AES-backed Fluence files for U.S. IPO

 

Fluence Energy Inc, an energy storage technology company backed by industry giants Siemens AG (SIEGn.DE) and AES Corp (AES.N), on Tuesday filed regulatory paperwork for an initial public offering in the United States...

August 4, 2021 | Utility Dive

AES, Google moonshot factory, to partner on grid virtualization ...

 

"With the introduction of new technologies, whether that's electric vehicles, DERs [distributed energy, resources] or smart devices, we need more..."

July 28, 2021 | Bloomberg Switched On Podcast

AES chief on the transition to net zero

 

Power company AES has been an energy company in transition for well over a decade and continues to develop and own renewable and other power assets globally. Today, Switched On's Dana Perkins speaks with AES CEO, Andrés Gluski.

July 13, 2021 | Daily Energy Insider

AES Corporation, Chile agree to retire more than 1 GW of coal generation

 

“The retirement of these conventional assets will remove approximately 6 million tons of CO2 from the atmosphere, the equivalent of taking over 2.4 million cars off the streets of Chile,” AES President and CEO Andrés Gluski said.

June 11, 2021 | T&D World

AES Corp., Edison International win 93rd annual Edison award

 

The AES Corp. was selected for its Alamitos Battery Energy Storage System. In 2020, AES completed the 400-MWh standalone battery energy storage.

April 1, 2021 | Bloomberg News

California to test whether big batteries can stop summer blackouts

 

The Alamitos battery energy storage system (BESS) at the AES Alamitos Energy Center in Long Beach

March 2, 2021 | Bloomberg News

Schneider-led group invests in Uplight at $1.5 billion value

 

Andrés Gluski, AES chief executive officer, said his company initially made its investment because it believed the company would play an...

February 22, 2021 | Forbes

How to invest in a clear winner from the Texas power grid collapse: battery storage

 

Inside the AES Alamitos Energy Center And Battery Storage Project, Fluence lithium ion batteries are at the...