Company Overview

The The AES Corporation is a global power generation and utility company operating across the energy and electric utilities industries, with a strategic focus on sustainable power solutions. AES develops, owns, and operates a diversified portfolio of electricity generation assets and distribution utilities, serving residential, commercial, industrial, and governmental customers. Its primary revenue drivers include electricity sales from generation facilities, regulated utility operations, and long-term power purchase agreements with corporate and utility offtakers.

Founded in 1981, AES has evolved from an independent power producer into a multinational energy company with a growing emphasis on renewable energy, energy storage, and grid modernization. The company is recognized for its early and continued investment in clean energy technologies and for its ability to combine utility-scale operations with advanced digital and analytics capabilities, positioning it as a key participant in the global energy transition.

Business Operations

AES operates through two primary business segments: Generation and Utilities. The Generation segment includes a mix of thermal, renewable, and energy storage assets, generating revenue primarily through long-term contracts and market-based electricity sales. The Utilities segment consists of regulated electricity distribution and generation businesses, producing stable cash flows under regulatory frameworks in various countries.

The company manages a broad portfolio of technologies, including solar, wind, hydro, gas, coal, and battery storage systems. AES controls and operates assets through numerous subsidiaries, including AES Andes, AES Brasil, AES Indiana, and AES Ohio, and maintains strategic partnerships with corporate customers and technology providers to deploy large-scale renewable and storage projects.

Strategic Position & Investments

AES’s strategy centers on accelerating decarbonization while maintaining reliable and affordable energy delivery. Growth initiatives emphasize expanding renewable generation, scaling energy storage, and leveraging digital platforms to optimize asset performance. The company has committed to reducing its carbon intensity and has set long-term goals aligned with global climate frameworks.

Major investments include the development and acquisition of utility-scale solar and wind projects, as well as advanced battery storage facilities. AES has also pursued selective acquisitions and joint ventures to strengthen its clean energy pipeline and technological capabilities, while divesting certain legacy coal assets as part of its portfolio transformation.

Geographic Footprint

AES operates across North America, Latin America, Europe, and Asia, with corporate headquarters in Arlington, Virginia, United States. The company maintains significant market presence in the United States, Chile, Brazil, Colombia, Mexico, and parts of Central America and Southeast Asia.

Internationally, AES plays a prominent role in emerging markets by investing in both generation and distribution infrastructure, often serving as a long-term partner to local governments and regulators. Its global footprint allows the company to balance regulated and market-based operations while diversifying geopolitical and economic risk.

Leadership & Governance

AES is led by an executive team with experience across global energy markets, technology transformation, and regulated utilities. The leadership philosophy emphasizes operational excellence, sustainability, and innovation, with governance practices aligned to public company standards and stakeholder accountability.

Key executives include:

• Andrés Gluski – President and Chief Executive Officer
• Ken Zagzebski – Chief Financial Officer
• Chris Shelton – Chief Operating Officer
• Barry Goldwater Jr. – Chief Legal Officer and Chief Administrative Officer
• Eleni Tsavara – Chief Strategy and Sustainability Officer