| Market Capitalization (Millions $) |
10,575 |
| Shares
Outstanding (Millions) |
715 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
13,054 |
| Net Income (TTM) (Millions $) |
1,047 |
| Cash Flow (TTM) (Millions $) |
118 |
| Capital Exp. (TTM) (Millions $) |
6,752 |
Business Description
The AES Corporation is a prominent global power company operating in 27 countries across five continents. Established as a Delaware corporation in 1981, AES serves as a holding company that primarily operates through its subsidiaries in two main business segments: generation and utilities.
Business Segments
1. Generation:
- This segment is responsible for the generation of electricity, encompassing both contract generation and competitive supply. AES operates interests in approximately 120 facilities across 25 countries, boasting a total generating capacity of around 44 gigawatts. The generation business is designed to supply electricity and related products to utilities and other wholesale or commercial buyers. Key performance indicators for this segment include the reliability of plants, efficiency in fuel and fixed cost management, and the ability to secure new power purchase agreements for growth.
2. Utilities:
- AESs utilities segment includes both large utilities and growth distribution elements. This division primarily focuses on the distribution and sale of electricity to residential, commercial, and municipal customers, utilizing integrated transmission and distribution systems. The success of this business unit hinges on providing reliable services, effectively managing working capital, obtaining necessary tariff adjustments, and navigating the regulatory landscape for new investments. Additionally, in developing countries, there is a focus on reducing commercial and technical losses.
Operational Capacity
AESs electricity distribution networks collectively sell approximately 88,890 gigawatt-hours (GWh) of electricity annually. The company aims to address the growing global demand for electricity through both its existing assets and by increasing capacity through the construction of new power plants and strategic acquisitions.
Strategic Approach
AES positions itself as a significant player in the global power sector, which enables it to leverage economies of scale and allocate resources towards developing optimal operating and management practices. The company emphasizes building expertise in targeted geographical regions to improve competitiveness and growth prospects. By maintaining a broad international presence, AES can better identify and manage the inherent risks associated with the energy business while pursuing investments in areas with substantial energy needs.
Commitment to Sustainability
In recent years, AES has also focused on sustainability and advancing cleaner energy solutions. This involves investing in renewable energy sources and technologies that reduce environmental impacts while meeting the growing global demand for electricity. AES is actively engaging in initiatives to transition toward more sustainable energy practices, reflecting the broader shift in the energy industry towards cleaner and more sustainable power generation.
Recent Developments
As of 2023, AES continues to adapt to the evolving energy landscape, expanding its portfolio in renewable energy and leveraging technological innovations to enhance operational efficiency. The company is committed to reducing its carbon footprint and increasing its capacity for renewable energy sources, aligning with global efforts to combat climate change.
In summary, AES Corporation is a significant force in the global power industry, with a diversified portfolio and an ongoing commitment to both operational excellence and sustainability in energy production and distribution.
Company Address: 4300 Wilson Boulevard Arlington, 22203 VA
Company Phone Number: 522-1315 Stock Exchange / Ticker: NYSE AES
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