STOCK TITAN

AES Tops List of Largest Corporate Energy Providers Globally by BNEF

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

AES has been ranked as the top seller of clean energy to corporations globally in 2024 by BloombergNEF (BNEF), marking its third consecutive year as a leader in the rankings. The company's position is notably strengthened by its partnerships with major technology companies, including Amazon, which ranked as the top corporate buyer in 2024.

The BNEF Corporate Energy Market Outlook report revealed that corporate clean energy contracts reached a record high in 2024, with a 36% year-over-year increase from 46 GW to 62 GW. AES CEO Andrés Gluski highlighted strong and growing demand for clean energy, particularly from AI data centers and advanced manufacturing, emphasizing renewables and energy storage as the fastest solutions for America's economic growth needs.

AES è stata classificata come il principale fornitore di energia pulita per le aziende a livello globale nel 2024 da BloombergNEF (BNEF), segnando il suo terzo anno consecutivo come leader nella classifica. La posizione dell'azienda è notevolmente rafforzata dalle sue collaborazioni con grandi aziende tecnologiche, tra cui Amazon, che è stata classificata come il principale acquirente aziendale nel 2024.

Il rapporto BNEF Corporate Energy Market Outlook ha rivelato che i contratti aziendali per l'energia pulita hanno raggiunto un massimo storico nel 2024, con un aumento del 36% rispetto all'anno precedente, passando da 46 GW a 62 GW. Il CEO di AES, Andrés Gluski, ha sottolineato la forte e crescente domanda di energia pulita, in particolare da parte dei centri dati AI e della produzione avanzata, enfatizzando le fonti rinnovabili e lo stoccaggio energetico come le soluzioni più rapide per le esigenze di crescita economica dell'America.

AES ha sido clasificada como el principal vendedor de energía limpia a corporaciones a nivel global en 2024 por BloombergNEF (BNEF), marcando su tercer año consecutivo como líder en el ranking. La posición de la empresa se ve notablemente fortalecida por sus asociaciones con grandes empresas tecnológicas, incluyendo a Amazon, que ocupó el primer lugar como comprador corporativo en 2024.

El informe BNEF Corporate Energy Market Outlook reveló que los contratos de energía limpia corporativa alcanzaron un récord histórico en 2024, con un aumento del 36% interanual de 46 GW a 62 GW. El CEO de AES, Andrés Gluski, destacó la fuerte y creciente demanda de energía limpia, particularmente de los centros de datos de IA y la manufactura avanzada, enfatizando las energías renovables y el almacenamiento de energía como las soluciones más rápidas para las necesidades de crecimiento económico de América.

AES는 2024년 BloombergNEF(BNEF)에 의해 전 세계 기업에 대한 청정 에너지의 최고 판매자로 선정되었으며, 이는 3년 연속으로 순위에서 선두를 차지한 것입니다. 이 회사의 위치는 Amazon을 포함한 주요 기술 기업들과의 파트너십에 의해 더욱 강화되었습니다. Amazon은 2024년 최고의 기업 구매자로 선정되었습니다.

BNEF 기업 에너지 시장 전망 보고서는 기업 청정 에너지 계약이 2024년에 사상 최고치에 도달했으며, 전년 대비 36% 증가하여 46GW에서 62GW로 증가했다고 밝혔습니다. AES의 CEO Andrés Gluski는 AI 데이터 센터와 첨단 제조업체로부터의 청정 에너지에 대한 강력하고 증가하는 수요를 강조하며, 재생 가능 에너지와 에너지 저장이 미국의 경제 성장 요구를 위한 가장 빠른 솔루션이라고 강조했습니다.

AES a été classée comme le premier vendeur d'énergie propre aux entreprises à l'échelle mondiale en 2024 par BloombergNEF (BNEF), marquant ainsi sa troisième année consécutive en tête du classement. La position de l'entreprise est considérablement renforcée par ses partenariats avec de grandes entreprises technologiques, y compris Amazon, qui a été classée comme le premier acheteur d'entreprise en 2024.

Le rapport BNEF Corporate Energy Market Outlook a révélé que les contrats d'énergie propre pour les entreprises ont atteint un niveau record en 2024, avec une augmentation de 36 % par rapport à l'année précédente, passant de 46 GW à 62 GW. Le PDG d'AES, Andrés Gluski, a souligné la forte et croissante demande d'énergie propre, en particulier de la part des centres de données IA et de la fabrication avancée, en mettant l'accent sur les énergies renouvelables et le stockage d'énergie comme les solutions les plus rapides aux besoins de croissance économique de l'Amérique.

AES wurde von BloombergNEF (BNEF) als der größte Anbieter von sauberer Energie für Unternehmen weltweit im Jahr 2024 eingestuft und markiert damit das dritte Jahr in Folge, in dem das Unternehmen an der Spitze der Rangliste steht. Die Position des Unternehmens wird durch Partnerschaften mit großen Technologieunternehmen, einschließlich Amazon, die 2024 als größter Unternehmenskäufer eingestuft wurde, erheblich gestärkt.

Der BNEF Corporate Energy Market Outlook-Bericht zeigte, dass die Verträge über saubere Energie für Unternehmen im Jahr 2024 einen Rekordhoch erreichten, mit einem 36%igen Anstieg im Jahresvergleich von 46 GW auf 62 GW. Der CEO von AES, Andrés Gluski, hob die starke und wachsende Nachfrage nach sauberer Energie hervor, insbesondere von KI-Datenzentren und fortschrittlicher Fertigung, und betonte, dass erneuerbare Energien und Energiespeicherung die schnellsten Lösungen für die wirtschaftlichen Wachstumsbedürfnisse Amerikas sind.

Positive
  • Achieved #1 ranking as global corporate clean energy seller for third consecutive year
  • Record corporate clean energy contracts with 36% YoY growth (46 GW to 62 GW)
  • Strong partnership with Amazon, the top corporate buyer in 2024
Negative
  • None.

Insights

The confirmation of AES's position as the global leader in corporate clean energy sales for the third consecutive year demonstrates the company's dominant market position in a rapidly expanding sector. The 36% year-over-year growth in corporate clean energy contracts, reaching 62 GW in 2024, underscores the accelerating demand in this market segment.

This leadership position is particularly significant given the evolving energy landscape. The focus on AI data centers represents a strategic advantage, as these facilities typically require 20-50 times more power than traditional data centers. With major tech companies like Amazon leading the corporate buying segment, AES is well-positioned to capture the growing demand from this high-consumption sector.

The emphasis on rapid deployment capabilities through renewables and energy storage solutions provides AES with a competitive edge in serving time-sensitive corporate needs. This is important as companies face increasing pressure to meet their sustainability goals while scaling operations, particularly in AI and advanced manufacturing sectors.

The sustained leadership in corporate energy sales suggests strong recurring revenue potential and long-term contract security through Power Purchase Agreements (PPAs). These agreements typically span 10-20 years, providing stable cash flows and reducing revenue volatility. The company's ability to maintain its top position indicates strong execution capabilities and customer satisfaction, particularly among tech giants who are known for their stringent vendor requirements.

Ranking Marks Third Consecutive Year as a Top Seller

ARLINGTON, Va., Feb. 18, 2025 /PRNewswire/ -- The AES Corporation (NYSE: AES) has been ranked as the top seller of clean energy to corporations globally in 2024, according to BloombergNEF's (BNEF) Corporate Energy Market Outlook. This marks the third consecutive year AES has been a leader in the rankings, which track the volume of corporate Power Purchase Agreement (PPA) signings.

BNEF's ranking reflects AES' position as one of the largest energy providers to technology companies globally, including Amazon, which ranked as the top corporate buyer in 2024.

"We see demand for clean energy from the corporate sector as strong and growing, especially from AI data centers and advanced manufacturing. This prestigious ranking reflects our continuing partnerships with leading corporations to provide tailored solutions, within the timeframe they need," said Andrés Gluski, AES president and CEO. "Renewables and energy storage have by far the fastest time to market and will continue to provide most of the additional power needed for America's economic growth."

According to the BNEF report, corporations signed contracts for a record amount of clean energy in 2024, representing a 36% year-over-year increase, from 46 GW to 62 GW.

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy.

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
Investor Relations: Susan Harcourt 703-682-1204, susan.harcourt@aes.com
Media Contact: Stephanie Cathcart 571-294-6824, stephanie.cathcart@aes.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aes-tops-list-of-largest-corporate-energy-providers-globally-by-bnef-302379494.html

SOURCE The AES Corporation

FAQ

What was AES 's ranking in BNEF's Corporate Energy Market Outlook for 2024?

AES ranked as the top seller of clean energy to corporations globally in 2024, according to BloombergNEF's Corporate Energy Market Outlook.

How much did corporate clean energy contracts grow in 2024 according to BNEF?

Corporate clean energy contracts grew by 36% year-over-year in 2024, increasing from 46 GW to 62 GW.

How many consecutive years has AES been a leader in BNEF's clean energy rankings?

AES has been a leader in BNEF's rankings for three consecutive years.

Who was the largest corporate buyer of clean energy from AES in 2024?

Amazon was the largest corporate buyer of clean energy in 2024, according to the BNEF report.

What sectors are driving clean energy demand for AES in 2024?

AI data centers and advanced manufacturing are driving strong demand for clean energy, according to AES.

Aes Corp

NYSE:AES

AES Rankings

AES Latest News

AES Stock Data

7.59B
705.26M
0.83%
95.22%
4.95%
Utilities - Diversified
Cogeneration Services & Small Power Producers
Link
United States
ARLINGTON