Ranking Marks Third Consecutive Year as a Top
Seller
ARLINGTON, Va., Feb. 18,
2025 /PRNewswire/ -- The AES Corporation (NYSE:
AES) has been ranked as the top seller of clean energy to
corporations globally in 2024, according to BloombergNEF's
(BNEF) Corporate Energy Market Outlook. This marks the third
consecutive year AES has been a leader in the rankings, which track
the volume of corporate Power Purchase Agreement (PPA)
signings.
BNEF's ranking reflects AES' position as one of the largest
energy providers to technology companies globally, including
Amazon, which ranked as the top corporate buyer in 2024.
"We see demand for clean energy from the corporate sector as
strong and growing, especially from AI data centers and advanced
manufacturing. This prestigious ranking reflects our continuing
partnerships with leading corporations to provide tailored
solutions, within the timeframe they need," said Andrés Gluski, AES
president and CEO. "Renewables and energy storage have by far the
fastest time to market and will continue to provide most of the
additional power needed for America's economic growth."
According to the BNEF report, corporations signed contracts for
a record amount of clean energy in 2024, representing a 36%
year-over-year increase, from 46 GW to 62 GW.
BloombergNEF (BNEF) is a strategic research provider covering
global commodity markets and the disruptive technologies driving
the transition to a low-carbon economy.
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy
company accelerating the future of energy. Together with our many
stakeholders, we're improving lives by delivering the greener,
smarter energy solutions the world needs. Our diverse workforce is
committed to continuous innovation and operational excellence,
while partnering with our customers on their strategic energy
transitions and continuing to meet their energy needs today. For
more information, visit www.aes.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the
meaning of the Securities Act of 1933 and of the Securities
Exchange Act of 1934. Such forward-looking statements include, but
are not limited to, those related to future earnings, growth and
financial and operating performance. Forward-looking statements are
not intended to be a guarantee of future results, but instead
constitute AES' current expectations based on reasonable
assumptions. Forecasted financial information is based on certain
material assumptions. These assumptions include, but are not
limited to, our expectations regarding accurate projections of
future interest rates, commodity price and foreign currency
pricing, continued normal levels of operating performance and
electricity volume at our distribution companies and operational
performance at our generation businesses consistent with historical
levels, as well as the execution of PPAs, conversion of our backlog
and growth investments at normalized investment levels, and rates
of return consistent with prior experience.
Actual results could differ materially from those projected in
our forward-looking statements due to risks, uncertainties and
other factors. Important factors that could affect actual results
are discussed in AES' filings with the Securities and Exchange
Commission (the "SEC"), including, but not limited to, the risks
discussed under Item 1A: "Risk Factors" and Item 7: "Management's
Discussion & Analysis" in AES' 2023 Annual Report on Form 10-K
and in subsequent reports filed with the SEC. Readers are
encouraged to read AES' filings to learn more about the risk
factors associated with AES' business. AES undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except where
required by law.
Any Stockholder who desires a copy of the Company's 2023 Annual
Report on Form 10-K filed February 26,
2024 with the SEC may obtain a copy (excluding the exhibits
thereto) without charge by addressing a request to the Office of
the Corporate Secretary, The AES Corporation, 4300 Wilson
Boulevard, Arlington, Virginia
22203. Exhibits also may be requested, but a charge equal to the
reproduction cost thereof will be made. A copy of the Annual Report
on Form 10-K may be obtained by visiting the Company's website at
www.aes.com.
Website Disclosure
AES uses its website, including its quarterly updates, as
channels of distribution of Company information. The information
AES posts through these channels may be deemed material.
Accordingly, investors should monitor our website, in addition to
following AES' press releases, quarterly SEC filings and public
conference calls and webcasts. In addition, you may automatically
receive e-mail alerts and other information about AES when you
enroll your e-mail address by visiting the "Subscribe to Alerts"
page of AES' Investors website. The contents of AES' website,
including its quarterly updates, are not, however, incorporated by
reference into this release.
Press Release
Investor Relations: Susan Harcourt 703-682-1204,
susan.harcourt@aes.com
Media Contact: Stephanie Cathcart
571-294-6824, stephanie.cathcart@aes.com
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SOURCE The AES Corporation
