The AES Corporation was named to Fast Company’s 2020 edition of Best Workplaces for Innovators, recognizing AES’ commitment to encouraging and supporting its people in the pursuit of leading-edge energy technologies and business development. The list, which goes online and will be published in a special upcoming print issue of Fast Company, places AES among 100 other major US corporations. “Accelerating a cleaner energy future is our mission,” said Andres Gluski, AES President and CEO. “To achieve our mission, we must constantly innovate, which requires creating a workplace that fosters and promotes new and creative ideas. That is the main reason we have become a global leader in energy storage, renewables and cloud-based digital energy efficiency solutions.” renewable energy solutions AES pursues advances in the energy sector through internal programs that foster innovations and, in turn, by expanding the company’s portfolio of carbon-free, 24/7 renewable energy solutions. AES programs such as APEX (AES Performance Excellence) provide their people with opportunities to generate the next big idea that can expand their businesses, operations, and the services that the company provides to their customers. AES Next initiatives have led to the creation or acquisition of game-changing subsidiaries such at Fluence and Uplight Over the past 14 years, systems created within the APEX program have made AES a more resilient, sustainable and competitive company. Through APEX, the company’s people have implemented more than 4,400 unique and innovative projects, delivering more than $1.1 billion in financial benefits to the company. AES Next, their business and technology incubator, works toward identifying new and innovative business ventures that provide leading-edge and greener energy solutions. scalable energy storage technology AES Next initiatives have led to the creation or acquisition of game-changing subsidiaries such at Fluence and Uplight. Fluence, a company created in partnership with Siemens, is the global provider of scalable energy storage technology and services. AES’ investment in Uplight has allowed AES customers to implement digital technology and data to manage energy use, resulting in greater efficiency and lower customer costs. By fostering innovation at all levels of their organization and by investing in transformative new businesses, AES has seen tremendous returns on investment. These employee-generated initiatives drive the overall growth the company.
The AES Corporation announces that it has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B's revolutionary MAVERICK design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same footprint of traditional solar facilities. Together, AES and 5B will help clients accelerate their use of solar energy. The total global investment in the solar energy market between 2021-2025 is projected to reach $613 billion as companies transition to greener sources of energy. 5B's MAVERICK design enables companies to make that transition more quickly and while using less land. Prefabricated solar solution The MAVERICK design is a pre-wired, prefabricated solar solution that is folded up, shipped to site and rolled out. The 5B approach streamlines engineering, procurement and construction for ground-mounted solar facilities. MAVERICK also removes common barriers for organizations to deploy solar resources, including the availability of land and ground penetration, making solar possible in more places while providing the flexibility to easily relocate the resources in some applications. "Solar is the most abundant clean energy source in the world, and 5B's innovative design produces twice the energy for any given area," said Andrés Gluski, President and CEO of AES. "In addition, a project using 5B's technology can be built in a third of the time when compared with conventional solar. These significant advantages will help us meet our customers growing needs in today's ever-changing environment." Annual renewables growth AES Gener will deploy 10 MW of MAVERICK technology as a part of the expansion of its Los Andes solar facility AES will benefit from the use of 5B's MAVERICK technology across many of the projects in its expected 2 to 3 GW of annual renewables growth. This year, AES Panama will fast-track the delivery of a 2 MW project utilizing the MAVERICK solution. In Chile, AES Gener will deploy 10 MW of MAVERICK technology as a part of the expansion of its Los Andes solar facility in the Atacama Desert in the north of the country. "AES share our vision for a clean energy future. Our Maverick solution is defining the next generation for solar power and the true potential of solar power in terms of how fast, simple, flexible and low cost it should and will be," said Chris McGrath, 5B's Co-founder and CEO. Energy technology platforms "5B has delivered the speed and efficiency benefits of our MAVERICK solution in the Australian market, and now AES is bringing its strength to bear as we scale our solution globally." Following a US $8.6 million investment round that included AES, 5B joins a growing portfolio of energy technology platforms in which AES has made strategic investments. AES had a foundational role in the creation and growth of the energy storage market through Fluence, its joint venture with Siemens. Fluence is the largest grid-scale battery energy storage solutions company in the world. AES is also collaborating with Uplight, the digital customer energy platform in the US. AES' strategic collaborations with and investments in these companies have helped them to accelerate the future of energy.