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AES Launches First AI-Enabled Solar Installation Robot

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AES has introduced Maximo, an AI-powered robot designed to revolutionize solar panel installation. This groundbreaking technology can install panels in half the time and at half the cost of traditional methods, working alongside human crews to meet the rapidly growing demand for renewable energy. Maximo has already installed nearly 10 MW of solar and is projected to install 100 MW by 2025.

AES plans to utilize Maximo in constructing up to 5 GW of its solar backlog over the next three years, including the 2 GW Bellefield project in California. The robot's AI-powered features include computer vision for precise panel placement, continuous learning for efficiency improvements, and image reconstruction to overcome challenging lighting conditions.

AES ha introdotto Maximo, un robot alimentato dall'AI progettato per rivoluzionare l'installazione dei pannelli solari. Questa tecnologia all'avanguardia può installare i pannelli in metà tempo e a metà costo rispetto ai metodi tradizionali, lavorando insieme a squadre umane per soddisfare la crescente domanda di energia rinnovabile. Maximo ha già installato quasi 10 MW di energia solare e si prevede che installerà 100 MW entro il 2025.

AES prevede di utilizzare Maximo nella costruzione di fino a 5 GW del suo backlog solare nei prossimi tre anni, incluso il progetto Bellefield da 2 GW in California. Le caratteristiche alimentate dall'AI del robot includono la visione artificiale per un posizionamento preciso dei pannelli, l'apprendimento continuo per miglioramenti di efficienza e la ricostruzione delle immagini per affrontare condizioni di illuminazione difficili.

AES ha presentado Maximo, un robot impulsado por IA diseñado para revolucionar la instalación de paneles solares. Esta tecnología innovadora puede instalar los paneles en la mitad del tiempo y a la mitad del costo que los métodos tradicionales, trabajando junto a equipos humanos para satisfacer la creciente demanda de energía renovable. Maximo ya ha instalado casi 10 MW de energía solar y se proyecta que instalará 100 MW para 2025.

AES planea utilizar Maximo para construir hasta 5 GW de su cartera de proyectos solares en los próximos tres años, incluido el proyecto Bellefield de 2 GW en California. Las características impulsadas por IA del robot incluyen visión por computadora para un colocación precisa de los paneles, aprendizaje continuo para mejoras en la eficiencia y reconstrucción de imágenes para superar condiciones de iluminación desafiantes.

AES는 Maximo를 소개했습니다. Maximo는 태양광 패널 설치를 혁신하기 위해 설계된 AI 기반 로봇입니다. 이 혁신적인 기술은 전통적인 방법의 절반의 시간과 절반의 비용으로 패널을 설치할 수 있으며, 인간 팀과 함께 작업하여 신재생 에너지에 대한 급증하는 수요를 충족합니다. Maximo는 이미 거의 10 MW의 태양광을 설치했으며, 2025년까지 100 MW를 설치할 것으로 예상됩니다.

AES는 향후 3년 동안 5 GW의 태양광 대기 프로젝트를 건설하는 데 Maximo를 활용할 계획이며, 이는 2 GW Bellefield 프로젝트가 포함됩니다. 로봇의 AI 기반 기능에는 정확한 패널 배치를 위한 컴퓨터 비전, 효율성 향상을 위한 지속적인 학습, 까다로운 조명 조건을 극복하기 위한 이미지 재구성이 포함됩니다.

AES a introduit Maximo, un robot alimenté par IA conçu pour révolutionner l'installation de panneaux solaires. Cette technologie révolutionnaire peut installer des panneaux en moitié moins de temps et à moitié moins de coût que les méthodes traditionnelles, en travaillant aux côtés d'équipes humaines pour répondre à la demande croissante d'énergie renouvelable. Maximo a déjà installé près de 10 MW d'énergie solaire et devrait installer 100 MW d'ici 2025.

AES prévoit d'utiliser Maximo pour construire jusqu'à 5 GW de son retard solaire au cours des trois prochaines années, y compris le projet Bellefield de 2 GW en Californie. Les caractéristiques alimentées par l'IA du robot comprennent la vision par ordinateur pour un placement précis des panneaux, l'apprentissage continu pour des améliorations d'efficacité et la reconstruction d'images pour surmonter des conditions d'éclairage difficiles.

AES hat Maximo eingeführt, einen KI-gesteuerten Roboter, der entwickelt wurde, um die Installation von Solarpanelen zu revolutionieren. Diese bahnbrechende Technologie kann Panels in halb so viel Zeit und zu halb so viel Kosten wie herkömmliche Methoden installieren und arbeitet zusammen mit menschlichen Teams, um die schnell wachsende Nachfrage nach erneuerbarer Energie zu decken. Maximo hat bereits fast 10 MW Solarenergie installiert und soll bis 2025 100 MW installieren.

AES plant, Maximo im Bau von bis zu 5 GW seines Solar-Rückstands in den nächsten drei Jahren zu nutzen, einschließlich des 2 GW Bellefield-Projekts in Kalifornien. Die KI-gesteuerten Funktionen des Roboters umfassen Computer Vision für präzise Panelplatzierung, kontinuierliches Lernen zur Effizienzsteigerung und Bildrekonstruktion zur Bewältigung schwieriger Lichtverhältnisse.

Positive
  • Maximo can install solar panels in half the time and at half the cost of traditional methods
  • AES expects to use Maximo to build up to 5 GW of its solar backlog and pipeline over the next three years
  • Maximo has already installed nearly 10 MW of solar and is projected to install 100 MW by 2025
  • The robot will be used in constructing the 2 GW Bellefield project, the largest solar-plus-storage project in the US
Negative
  • None.

Insights

AES's introduction of Maximo, an AI-powered solar installation robot, marks a significant leap in renewable energy technology. This innovation addresses critical challenges in the solar industry, particularly the projected tripling of solar installations by 2035 and the need to double the workforce.

Maximo's capabilities are impressive:

  • Reduces installation time and cost by 50%
  • Enhances safety by automating heavy lifting
  • Uses AI-powered computer vision for precise panel placement
  • Employs continuous learning for ongoing efficiency improvements
  • Utilizes generative AI for image reconstruction in challenging lighting conditions

The robot's proven track record of installing nearly 10 MW of solar capacity, with projections to reach 100 MW by 2025, demonstrates its practical viability. AES's plan to use Maximo for up to 5 GW of its solar backlog over the next three years signals a strong commitment to scaling this technology.

However, it's important to consider potential challenges:

  • Integration with existing workforce and processes
  • Reliability and maintenance of the robotic systems
  • Adaptability to diverse terrains and weather conditions

Overall, Maximo represents a transformative step in solar installation technology, potentially reshaping the industry's labor dynamics and project economics.

AES's introduction of Maximo presents a compelling business case with significant financial implications. The robot's ability to halve both installation time and costs could dramatically improve AES's competitive position in the rapidly growing solar market.

Key financial considerations include:

  • Potential for increased profit margins on solar projects
  • Improved capital efficiency due to faster project completion
  • Opportunity to capture larger market share in a growing industry
  • Possible new revenue stream if AES commercializes Maximo technology

The projected use of Maximo in up to 5 GW of AES's solar backlog over three years suggests substantial cost savings and efficiency gains. Moreover, its deployment in high-profile projects like the 2 GW Bellefield project for Amazon demonstrates market validation and potential for securing more large-scale contracts.

However, investors should consider:

  • Initial capital outlay for developing and scaling Maximo technology
  • Potential impact on workforce costs and structure
  • Competition from other companies developing similar technologies

While specific financial figures aren't provided, the potential for Maximo to significantly reduce costs in a rapidly growing market segment could positively impact AES's future earnings and market position. This innovation aligns well with the increasing demand for renewable energy, particularly from data centers and AI applications, positioning AES favorably in this high-growth sector.

The introduction of Maximo by AES is a game-changer in the solar installation market, addressing important industry challenges and potentially reshaping market dynamics. Let's break down the key market implications:

Market Growth and Demand: The International Energy Agency projects solar annual additions to triple by 2035, with workforce needs nearly doubling. Maximo's efficiency could help meet this surging demand, particularly from data centers and AI applications.

Competitive Advantage: As the "first proven solar installation robot on the market," Maximo gives AES a first-mover advantage. This could translate into increased market share and potential licensing opportunities.

Labor Market Impact: While automating some tasks, Maximo also creates new high-tech jobs, potentially attracting a different segment of the workforce to the solar industry. This could help address skilled labor shortages in the sector.

Cost Reduction: Halving installation time and costs could make solar energy more accessible and competitive, potentially accelerating market growth and adoption rates.

Project Scalability: Maximo's ability to work alongside human crews enhances project scalability, allowing AES to take on larger projects like the 2 GW Bellefield project.

Market Validation: Collaboration with major clients like Amazon provides strong market validation, potentially attracting more high-profile customers.

However, market researchers should monitor:

  • Competitor responses and potential for similar innovations
  • Regulatory implications of increased automation in solar installation
  • Long-term impact on job market and skills requirements in the solar industry

Overall, Maximo positions AES at the forefront of a technological shift in the solar installation market, with potential ripple effects across the entire renewable energy sector.

"Maximo" can install solar panels in half the time and for half the cost

ARLINGTON, Va., July 30, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) introduced "Maximo" today, a groundbreaking, AI-powered robot that enhances solar installation speed, efficiency and safety. Maximo is a first-of-its-kind robotic solution that works alongside construction teams to help meet rapidly growing renewable energy demand.

According to the IEA, by 2035, solar annual additions are expected to triple, and the workforce will need to nearly double. Maximo can install solar panels in half the time and half the cost, working together with on-the-ground crews to accelerate renewable energy deployment, reducing time-to-power for customers.

"Maximo is the first proven solar installation robot on the market," said Andrés Gluski, AES President and CEO. "We are facing unprecedented increases in demand, driven in large part by the rise of AI and data centers, and innovations like these will be fundamental for accelerating our ability to bring projects online faster and with greater efficiency."

Maximo enhances the safety and scalability of solar installation by automating the heavy lifting for placing and attaching solar modules. It accelerates project timelines, creates new high-tech jobs and brings opportunities to new segments of the workforce. Maximo expands job opportunities in solar installation, while providing individuals the experience to develop AI skills and learn emerging technologies.

Maximo has already installed nearly 10 MW of solar and is projected to install 100 MW by 2025. AES expects to use Maximo to help build up to 5 GW of its solar backlog and pipeline over the next three years.

AES will utilize Maximo in its construction of the 2 GW Bellefield project in Kern County, California, the largest solar-plus-storage project in the US, under contract with Amazon. Oak Ridge Solar project in Louisiana, also helping power Amazon operations, was a significant milestone in Maximo's journey as its first utility-scale deployment.

"As society's energy needs grow, the demand for new solar and wind projects are also increasing, requiring us to innovate so we can scale more quickly," said Chris Walker, Director of AWS Sustainability. "We're excited to collaborate with renewable energy developers like AES that are prioritizing the use of AI technologies that can help us fast-forward to a carbon-free energy future."

Maximo's AI-powered features include:

  • AI-Powered Computer Vision: Ensures precise panel placement, enhancing installation accuracy.
  • Continuous Learning: Adapting for optimal performance and driving efficiency improvements.
  • Image reconstruction: Proprietary generative AI pipeline that reconstructs images obscured by glare or related lighting conditions.

"Today, the US solar industry is setting an impressive pace, installing about 15,000 modules per hour, weighing one million pounds. Looking ahead, this installation rate is projected to reach 50,000 modules per hour by 2035," said Chris Shelton, AES Chief Product Officer. "In response to this exponential growth, we are scaling Maximo, deploying fleets of continually improving robots to empower our teams for faster and more competitive installations."

Maximo can perform in a broad range of climates and lighting conditions and has been validated in the field across a variety of US project sites. It will begin installing at Bellefield in August.

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
Media Contact: Katie Lau, 832-455-1165, katie.lau@aes.com
Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aes-launches-first-ai-enabled-solar-installation-robot-302209154.html

SOURCE The AES Corporation

FAQ

What is Maximo and how does it benefit AES's solar installation process?

Maximo is an AI-powered robot introduced by AES that can install solar panels in half the time and at half the cost of traditional methods. It enhances installation speed, efficiency, and safety, working alongside human crews to meet the growing demand for renewable energy.

How much solar capacity has Maximo installed so far, and what are AES's projections for its future use?

Maximo has already installed nearly 10 MW of solar and is projected to install 100 MW by 2025. AES expects to use Maximo to help build up to 5 GW of its solar backlog and pipeline over the next three years.

What are the key AI-powered features of AES's Maximo solar installation robot?

Maximo's key AI-powered features include AI-powered computer vision for precise panel placement, continuous learning for adapting and improving efficiency, and image reconstruction using a proprietary generative AI pipeline to overcome challenging lighting conditions.

Which major project will AES use Maximo for in the near future?

AES will utilize Maximo in the construction of the 2 GW Bellefield project in Kern County, California, which is the largest solar-plus-storage project in the US, under contract with Amazon. Installation at Bellefield is set to begin in August.

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