# AES Corporation

**Source:** https://geo.sig.ai/brands/aes-corporation  
**Vertical:** Energy & Utilities  
**Subcategory:** Enterprise  
**Tier:** Leader  
**Website:** aes.com  
**Last Updated:** 2026-04-14

## Summary

Arlington VA global power company (NYSE: AES) at $12.28B 2024 revenue; 32 GW portfolio (50% renewable), Meta solar agreements for AI data centers, 12 GW contracted backlog competing with NextEra for corporate clean energy PPA.

## Company Overview

The AES Corporation is an Arlington, Virginia-based global power company — publicly traded on the New York Stock Exchange (NYSE: AES) as an S&P 500 Fortune 500 component — generating and distributing electric power across 15 countries to more than 2.5 million customers worldwide with a generation portfolio totaling over 32 gigawatts, of which renewable energy comprises 50% of capacity. In fiscal year 2024, AES reported revenue of $12.28 billion, completed construction of 3.0 GW of renewable energy projects, and signed 6.8 GW of new contracts, including renewable power purchase agreements for AI data center load growth. AES has earned recognition as the largest global supplier of clean energy to corporations for three consecutive years (BloombergNEF). In 2025, AES signed major solar agreements with Meta for projects in Michigan, Missouri, and Illinois powering hyperscale data centers. AES announced plans to exit coal generation completely by 2025, ahead of its previous target. AES's Fluence joint venture with Siemens is a global leader in energy storage technologies. Founded in 1981 as Applied Energy Services, AES is led by President and CEO Andrés Gluski (since 2011) and employs approximately 10,500 people worldwide.

AES's global independent power producer model addresses the renewable energy procurement challenge for corporations and utilities seeking to meet decarbonization commitments across multiple markets simultaneously: a hyperscaler like Meta committing to 100% renewable energy across its global data center portfolio requires a power developer that can source and deliver renewable electricity in Michigan, Missouri, Illinois, and overseas markets through a single counterparty relationship rather than negotiating with dozens of local developers. AES's 15-country operating footprint (spanning the Americas, Europe, and Asia) and 32 GW generation portfolio creates the scale to develop, finance, and operate renewable energy projects of 100-1,000 MW that the corporate PPA market requires — with AES's investment-grade balance sheet enabling the 15-25 year power purchase agreement terms that corporate renewable energy buyers need for energy cost certainty. AES's Maximo AI-enabled solar installation robot (which automates panel placement and reduces installation labor cost) and Fluence energy storage technology create proprietary efficiency advantages over pure developer competitors.

In 2025, AES competes in the global independent power, utility-scale renewable energy, and corporate PPA market with NextEra Energy (NYSE: NEE, largest US renewable developer, $24B revenue), Enel Green Power (BIT: ENEL, Italian-owned global renewables), and Brookfield Renewable Partners (NYSE: BEP, $6B revenue, hydro and wind) for hyperscaler and corporate renewable energy procurement contracts in the AI data center power buildout. The Meta solar agreement (three projects totaling hundreds of MW in Michigan, Missouri, and Illinois) represents the hyperscaler direct PPA model that is driving renewable development faster than utility RFP cycles. The 12 GW contracted backlog (5.2 GW under construction) provides 3-4 years of visible growth in an environment where AI data center power demand is growing 40% annually. The 2025 strategy focuses on executing the 5.2 GW under-construction pipeline, signing additional hyperscaler data center power agreements, and completing the coal exit to improve ESG ratings and reduce carbon risk.

## Frequently Asked Questions

### What does AES Corporation do?
AES Corporation is a Fortune 500 global power company that generates and distributes electric power in 15 countries. The company develops, owns, and operates renewable energy facilities (solar, wind), energy storage systems, natural gas plants, and electric utilities serving 2.5 million customers. AES operates over 32 GW of generation capacity, with 50% from renewable sources, making it the world's largest supplier of clean energy to corporations.

### Who are AES Corporation's customers and target markets?
AES serves multiple customer segments: 2.5 million retail electricity customers through six electric utilities in the US and Latin America; large corporations including Meta, Microsoft, and Google purchasing renewable energy through power purchase agreements; data center operators requiring clean, reliable power; and wholesale electricity markets. The company targets the rapidly growing data center sector, having signed 1.6 GW of data center PPAs in 2025.

### When was AES Corporation founded?
AES Corporation was founded on January 28, 1981, by Roger Sant and Dennis Bakke in Arlington, Virginia. The two founders met while working at the Federal Energy Administration during the 1970s energy crisis. Initially called Applied Energy Services, the company went public on June 28, 1991, raising $98 million in its IPO on the New York Stock Exchange.

### Where is AES Corporation headquartered?
AES Corporation is headquartered in Arlington, Virginia, United States. The company operates in 15 countries across North America, South America, Europe, and Asia, with significant operations in the United States, Chile, Colombia, El Salvador, and other international markets. AES employs approximately 10,500 people worldwide.

### What is AES Corporation's financial performance?
AES reported revenue of $12.28 billion in 2024 and $12.03 billion for the twelve months ending June 2025. The company achieved Adjusted EBITDA of $2,639 million in 2024 and guides for $2,650-$2,850 million in 2025. Adjusted EPS was $2.14 in 2024, with 2025 guidance of $2.10-$2.26. AES has completed or acquired 1.9 GW of renewable energy projects in 2025 year-to-date and is on track to add 3.2 GW to its operating portfolio by year-end 2025.

### What makes AES different from other power companies?
AES differentiates itself through its aggressive transition to clean energy, becoming the world's largest supplier of clean energy to corporations for three consecutive years. The company pioneered utility-scale battery storage technology and developed Maximo, the first AI-enabled solar installation robot. Unlike traditional utilities, AES operates globally across generation, storage, and distribution, with 50% renewable generation and plans to exit coal completely by 2025. The company's Fluence joint venture with Siemens is a global leader in energy storage innovation.

### Who are AES Corporation's main competitors?
AES competes with global power companies including NextEra Energy, Duke Energy, Southern Company, and Dominion Energy in the US market; Iberdrola, Enel, and EDF in international markets; and AES Gener in South America. In renewable energy development, AES competes with specialized developers like Orsted, EDP Renewables, and Invenergy. In energy storage, competitors include Tesla Energy, Vistra Energy, and other utilities deploying battery systems.

### How can I contact AES Corporation?
AES Corporation's headquarters is located in Arlington, Virginia. The company can be reached through its official website at www.aes.com. For investor relations inquiries, visit the investor section of the website or contact the investor relations team. For utility customer service, customers should contact their local AES utility (AES Indiana, AES Ohio, etc.) through the contact information provided on their electricity bills or the AES website.

### Is AES Corporation hiring?
Yes, AES actively recruits talent across engineering, operations, project development, finance, and other functions to support its growing renewable energy portfolio. With 10,500 employees worldwide and aggressive growth plans including 12 GW of projects in the backlog, the company regularly posts openings for positions ranging from power plant operators to renewable energy developers to data scientists. Career opportunities can be found on the AES careers website.

### What's the latest news about AES Corporation?
Recent major developments include signing three solar agreements with Meta in 2025 to power data centers in Michigan, Missouri, and Illinois; completing the 1,000 MW Bellefield 1 solar-plus-storage project in California (expected to be America's largest); partnering with TotalEnergies on a 50% stake in AES Dominicana Renewables in July 2025; and announcing a $4 billion green hydrogen joint venture with Air Products in North Texas. AES also achieved recognition as one of the World's Most Ethical Companies for the 12th consecutive year in 2025.

### What is AES Corporation's market position in renewable energy?
AES is the world's largest supplier of clean energy to corporations according to BloombergNEF, a position held for three consecutive years. The company operates 16+ GW of renewable energy capacity (50% of total portfolio) and has signed 10.0 GW of renewable PPAs in 2023-2024 combined. With 12 GW of contracted projects in backlog (5.2 GW under construction), AES is positioned as a top-tier developer in the global renewable energy market, particularly in battery storage where it pioneered utility-scale deployment.

### What are AES Corporation's future plans?
AES plans to complete 3.2 GW of renewable energy and storage projects in 2025 and continue rapid expansion through its 12 GW backlog. The company is exiting coal generation completely by 2025, ahead of schedule, while aggressively pursuing data center clean energy contracts (1.6 GW signed with data centers in 2025). AES is developing green hydrogen capabilities through its Air Products joint venture and expanding energy storage through Fluence. The company targets continued leadership in corporate renewable energy supply and growth in the rapidly expanding data center power market.

## Tags

b2b, energy, fortune500, global, infrastructure, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*