Company Overview

The AES Corporation is a global Fortune 500 power company that generates and distributes electric power across 15 countries, serving more than 2.5 million customers worldwide. Founded in 1981 as Applied Energy Services, AES has evolved from a consulting firm into one of the world's leading clean energy providers, operating a diverse portfolio of generation assets, utilities, energy storage, and distributed energy solutions.

Headquartered in Arlington, Virginia, AES operates a generation portfolio totaling over 32 gigawatts as of year-end 2024, with renewable energy comprising 50% of its capacity, complemented by natural gas (32%), coal (16%), and oil (2%). The company's strategic transformation toward clean energy has been remarkable. In 2024, AES announced plans to exit coal generation completely by 2025, ahead of its previous target, while simultaneously becoming the largest global supplier of clean energy to corporations for the third consecutive year according to BloombergNEF.

Under the leadership of President and CEO Andrés Gluski since 2011, AES has been named to The Wall Street Journal's "Top 250 Best Managed Companies" in 2021, 2022, and 2024, and was recognized by the Ethisphere Institute as one of the "World's Most Ethical Companies" for the 12th consecutive year in 2025. The company generated $12.28 billion in revenue in 2024 and employs approximately 10,500 people worldwide.

AES is at the forefront of the energy storage revolution, pioneering utility-scale battery storage technology and developing innovative solutions like Maximo, the first-of-its-kind AI-enabled solar installation robot. The company's joint venture with Siemens, Fluence (launched in 2018), has become a global leader in energy storage technologies. In 2024 alone, AES completed construction of 3.0 GW of renewable energy projects and signed 6.8 GW of new contracts, including renewable power purchase agreements and data center load growth. With a backlog of 12 GW of projects with signed contracts (5.2 GW under construction), AES is positioned to capitalize on the accelerating global transition to clean energy.

Founded
1981
Headquarters
Arlington, Virginia

The AES Corporation Story

Founded in 1981
Arlington, Virginia
Founded by Roger Sant, Dennis Bakke

Founders

Roger SantDennis Bakke
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Market Leader

AES Corporation is recognized as a market leader in the Energy & Utilities sector, demonstrating strong industry presence and customer trust.

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