The AES Corp (AES)

Overview

The AES Corporation, a significant player in the global power sector, operates as a diversified power generation and utility company with a presence in both the United States and international markets. Initially founded as Applied Energy Services, Inc., the company underwent a name change to The AES Corporation in April 2000. Since its inception in 1981, AES has grown to develop, own, and operate a wide variety of energy projects. Its operations span the generation and sale of electrical power to a broad spectrum of customers including utilities, industrial entities, and intermediaries, as well as the generation, transmission, distribution, and sale of electricity directly to end-user customers in various sectors. With a focus on efficiency and sustainability, AES utilizes an extensive range of fuel sources and technologies including coal, gas, hydroelectricity, wind, solar, biomass, and other renewable energy sources such as energy storage and landfill gas. Headquartered in Arlington, Virginia, AES has expanded its operational footprint to achieve a total generation capacity of approximately 34,596 megawatts, serving over 2.6 million customers worldwide.

Products and Services

The AES Corporation offers a diverse range of energy-related products and services, catering to various market needs. These include:

• Power Generation: AES owns and operates power plants that generate electricity using a variety of fuels and technologies. This diversification across coal, gas, hydro, wind, solar, and biomass, along with renewables such as energy storage and landfill gas, allows the company to maintain stable and efficient energy production.
• Utility Operations: The company's utility operations involve generating or purchasing electricity and then distributing, transmitting, and selling it to end-user customers in residential, commercial, industrial, and governmental sectors. This vertical integration ensures AES can control every step of the electricity supply chain, delivering reliable power to millions of customers.
• Wholesale Electricity Sales: Apart from serving end-users directly, AES also generates and sells electricity on the wholesale market. This facet of their operation caters to utilities, industrial users, and other intermediaries, highlighting AES’s role as a key player in the national and international energy markets.
• Renewable Energy and Energy Storage: Recognizing the importance of sustainable energy, AES has significantly invested in renewables and energy storage solutions. These efforts underline the company's commitment to reducing carbon footprint and promoting green energy initiatives across its operational territories.