AES and sPower Merge to Accelerate U.S. Energy Transition

AES' wholly-owned clean energy development business includes AES Distributed Energy and a wind development team formerly part of Advance Energy. The merged business will represent one of the top renewables growth platforms. As states, communities and organizations of all types make commitments and plans to reduce their carbon footprints, renewables are on track to be the fastest-growing source of electricity generation in the U.S. in 2020. AES is working with its customers to co-create and deliver the smarter, greener energy solutions that meet their needs, including 24/7 carbon-free energy.

"We share our customers' commitments to a more sustainable energy future. Together, we can create a safe, resilient and carbon-free grid," said Andrés Gluski, AES President and Chief Executive Officer. "The merger of sPower with AES' clean energy business will benefit customers by providing access to a broader portfolio of product offerings as well as an expanded highly skilled and experienced team to drive innovation at scale."

"The merged renewables platform will bring together sPower's and AES' differentiated capabilities in solar, wind and energy storage to accelerate our customers' energy transitions."