- CEO
- Andres Ricardo Gluski Weilert
- Full Time Employees
- 9,100
- Sector
- Utilities
- Industry
- Independent Power Producers
- Address
- 4300 Wilson Boulevard Arlington VA United States of America 22203
- IPO Date
- Mar 5, 2021
- Business
- The AES Corporation (NYSE: AESC) is a Fortune 500 global energy company that generates and distributes electric power through a diverse portfolio of utility-scale power plants and regulated utilities; it specializes in renewables including solar, wind, and battery energy storage systems (BESS), alongside natural gas, hydro, and legacy thermal generation. The company operates approximately 34 gigawatts (GW) of generation capacity across segments such as renewables, energy storage solutions via its Fluence joint venture with Siemens, flexible capacity from low-carbon infrastructure, and grid infrastructure encompassing transmission, distribution, and digital technologies; it serves utilities, industrial customers including data centers and hyperscalers, wholesale markets, and end-users in residential, commercial, and industrial sectors. AES conducts operations in 15 countries across North America (primarily U.S. utilities AES Indiana and AES Ohio), South America (including AES Andes, AES Brazil, and AES Tietê), Europe (such as Ballylumford and Kilroot in the UK), Asia (properties in the Philippines, Vietnam, India, Jordan, and Kazakhstan), and other regions; founded in 1981 and headquartered in Arlington, Virginia, it employs about 10,500 people worldwide. Recent developments include a strategic partnership with CDPQ in October 2024 to sell a 30% indirect equity interest in AES Ohio for $546 million (expected to close in early 2025, supporting mid-teens compound annual rate base growth through 2027 amid rising data center demand), expansion of its partnership with TotalEnergies via the latter's acquisition of a 50% stake in AES Dominicana Renewables' solar, wind, and BESS portfolio in the Caribbean (July 2025), achievement of 2024 strategic goals with a record PPA backlog of 11.7 GW (including 5.3 GW under construction and 2.2 GW signed in 2025 year-to-date, notably 1.6 GW from data center clients), reaffirmation of 2025 guidance targeting at least 4 GW in new PPAs, and ongoing renewable momentum with 6.8 GW of new contracts including solar, wind, and LNG projects.