AES’ vision for the future is a world with net-zero carbon by 2050. The Climate Scenario Report we recently published shows that we have the vision for a net-zero future, and the strategy and energy solutions that are critical for getting there.
The AES Alamitos Battery Energy Storage System (BESS) is a project of many firsts.
Today’s announcement to merge sPower with AES’ clean energy development business in the US will help us to empower our customers’ energy transitions. Both AES and sPower are recognized leaders when it comes to renewables in the US.
We’re committed to a smarter, greener energy future and to helping customers of every kind, wherever they are in their energy journey. We focused our four offerings on the outcomes our customers want to see.
We at AES are a purpose-driven organization that aims to improve lives, and we have learned that through the current challenges imposed by COVID-19 we have found our sense of unity. Together, we will emerge a better company because of it.
The future of energy depends on a responsible transition to renewables. For us, that means not only working with our customers to become one of the largest renewables solutions providers and developers in the world but also moving away from more traditional facilities. Today, we’ve accelerated this action with new goals: reduce our generation from coal to under 30% by the end of 2020 and less than 10% by 2030.
Solar power after sunset is not only possible, it’s essential to a clean-energy future. The combination of solar + storage increases grid stability, enhances distribution networks and helps bring power to remote places.
In combining solar power with battery-based energy storage, we can harness a renewable and intermittent source of generation and convert it into safe, reliable and higher-quality power. This establishes a new model for renewable energy that we refer to as firm renewables.
We’ve created new programs that enhance the integration of gender equality into our policies with the ultimate goal of hastening adoption, enhancing sustainability and maximizing outcomes. Specifically, we’ve committed to increasing representation of women in leadership at AES to 25 percent by 2020 and 30 percent by 2022.
Our shifting portfolio includes innovative solutions such as the green blend and extend offering, which systematically replaces coal with lower cost renewables and accelerates access to low-cost solar and wind for existing customers, while maintaining the reliability offered by the thermal assets.
Following a direct hit from Hurricane Maria in September, local communities are nearing three months without power and don’t expect full restoration until spring 2018. To ensure devastation of this level does not occur again, key stakeholders in Puerto Rico are rethinking how the island generates and delivers energy and how they will rebuild its electricity system for resiliency in the face of future severe weather.
AI is unique and fascinating in the context of how it is applied in the power sector because the inverse is true. AI has already proven it’s scalable, sustainable and cost effective – questions three through five are answered.
At AES Puerto Rico, we witnessed the destruction and desolation left by Maria, but we have also witnessed how our communities rise up. We are ready to repower Puerto Rico and continue to work and support recovery efforts, committed to improving lives and providing sustainable, safe and reliable energy solutions in every place we serve.