Welcome to our dedicated page for Aes news (Ticker: AES), a resource for investors and traders seeking the latest updates and insights on Aes stock.
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company in the utilities sector, and its news flow reflects the breadth of its activities across renewables, electric utilities, and energy infrastructure. On this page, readers can review AES-related headlines covering financial results, large-scale project milestones, corporate partnerships, dividends, and legal developments that shape the company’s outlook.
AES regularly issues earnings releases and Form 8-K announcements detailing quarterly results, non-GAAP metrics such as Adjusted EBITDA and Adjusted EPS, and guidance for future periods. These updates often highlight the performance of its Renewables, Utilities, and Energy Infrastructure Strategic Business Units, as well as the size and progress of its backlog of signed long-term Power Purchase Agreements. Investors and analysts can track how new projects placed in service, rate base growth at AES Indiana and AES Ohio, and asset sales affect reported results.
Company news also features major project and customer announcements. AES has reported on the completion of the first phase of the Bellefield solar-plus-storage project in Kern County, California, under a long-term contract with Amazon, and on long-term PPAs with Meta to deliver hundreds of megawatts of solar capacity for data centers in Texas and Kansas. These stories illustrate AES’s role as an energy partner to data center and hyperscaler customers and its focus on large-scale renewables and storage deployments.
In addition, AES news can include dividend declarations by the Board of Directors and information about upcoming financial review conference calls and webcasts. Legal and regulatory matters may also appear, such as the lawsuit filed by Sinolam entities alleging that AES and partners coordinated a scheme to monopolize the LNG-to-power market in Panama and the region. By following AES news, readers can see how financial performance, project execution, customer agreements, regulatory actions, and litigation intersect for this global energy company.
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The AES Corporation (NYSE: AES) announced the closure of $154.2 million in non-recourse debt financing for the Luna Storage project, a 400-megawatt hour lithium-ion battery storage initiative in Lancaster, California. This financing, one of the largest for standalone battery storage, was facilitated by KeyBanc Capital Markets and others. The project is set to help integrate renewable energy into the grid, ensuring greater reliability for Clean Power Alliance customers. The Luna Storage facility expects to start operations later in 2021.
The AES Corporation (NYSE: AES) will host a virtual Investor Day on March 3, 2021, at 9:00 a.m. EST, focusing on its strategy and financial outlook. The event aims to provide insights into AES's approach to delivering greener energy solutions. Participants can listen via telephone or webcast, with access details provided. A replay will be available post-event on AES's website. This gathering highlights AES's commitment to operational excellence and innovation in energy solutions, empowering stakeholders to engage in the company’s strategic energy transitions.
Indianapolis Power & Light Company (IPL), a subsidiary of AES Corporation (NYSE: AES), has announced the acquisition of a 195 megawatt solar project in Clinton County, Indiana. Managed by Invenergy, the project will be operational by 2023, generating sufficient electricity to power over 30,000 homes. This acquisition aims to diversify IPL's electric generation portfolio and is projected to create 200 temporary construction jobs. The deal awaits approval from the Indiana Utility Regulatory Commission.
The Dayton Power and Light Company (DP&L), a subsidiary of AES (NYSE: AES), announced several senior leadership changes to enhance its service capabilities. Tom Raga will expand his role to lead government affairs for AES US Utilities in Ohio and Indiana. Aaron Cooper has been appointed as Chief Commercial Officer, having over 30 years of experience in the utility sector. Brandi Davis-Handy joins as Chief Public Relations Officer, bringing two decades of communications experience. These changes are part of DP&L's strategy to innovate and improve customer service.
On January 29, 2021, Indianapolis Power & Light Company (IPL), a subsidiary of AES, announced significant expansions to its senior leadership and government affairs teams. Notably, Brandi Davis-Handy becomes chief public relations officer, leading communications in Indiana and Ohio. Aaron Cooper assumes the role of chief commercial officer. Fred Mills, retiring after nearly two decades, was a key leader in government relations. Tom Raga will oversee government affairs, while Courtney Arango is appointed government affairs director. These appointments aim to enhance IPL's capabilities to better serve evolving customer needs.
The AES Corporation (NYSE: AES) has launched the Alamitos battery energy storage system (BESS) in Long Beach, California. This facility, among the largest globally, offers up to 400 MWh of energy to Southern California Edison (SCE), supporting California's aim for 100% carbon-free energy by 2045. The Alamitos BESS will enhance local power reliability during peak demand periods and facilitate renewable energy integration. It operates under a 20-year power purchase agreement with SCE and is a part of AES's commitment to sustainable energy solutions.
The AES Corporation (NYSE: AES) will hold a conference call on February 25, 2021, at 9:00 a.m. EST to discuss its fourth quarter and full-year 2020 financial results. The call is open to the media and the public in a listen-only mode, accessible via telephone and webcast. Interested participants can join by dialing 1-888-317-6003 or +1-412-317-6061 for international callers, using Conference ID 2262772. The call details, including a replay, will be available on the AES website.
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The AES Corporation (NYSE: AES) has signed an agreement to sell its 51% stake in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a US-led consortium. The deal, finalized on December 31, 2020, is expected to close by early 2022, pending necessary approvals. AES's CEO, Andrés Gluski, emphasized the company's commitment to sustainable energy and ongoing projects like the Son My LNG terminal and Son My 2 gas power plant in Vietnam. This move aligns with AES's global strategy to invest in renewable energy and LNG infrastructure.
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