The AES Corporation (NYSE: AES) today (May 5) announced it has entered into two renewable energy Power Purchase Agreements (PPAs) with Amazon. As part of the agreements, AES will deliver renewable energy in the CAISO (California Independent System Operator) market and source it from a combined 450 MW of solar and 225 MW, 4-hour duration battery energy storage from its portfolio of projects1. AES has contracted with Fluence to supply energy storage solutions for one of the projects.
These projects help Amazon stay on path to power its global operations with 100% renewable energy by 2025 - five years ahead of its original 2030 target - and reach net zero carbon by 2040. Amazon is the largest corporate buyer of renewable energy.
AES to supply renewable energy from solar and battery energy storage projects to power Amazon's operations in the CAISO.
"AES is proud to support Amazon's bold actions to power its business operations, including its AWS data centers, with 100% renewable energy," said Andrés Gluski, AES President and CEO. "Together with Amazon, we're showing how customized energy solutions and innovative thinking can help organizations of all kinds to decarbonize their operations and the grid."
Through collaboration with its customers to help meet their unique energy commitments and outcomes, AES signed nearly 5 GW of new PPAs globally in 2021 and was ranked by BNEF as the top developer selling clean energy to corporations through PPAs.
1. 450 MW solar and 225 MW, 4-hour duration energy storage additions were incorporated as part of AES' 5 GW of new PPAs in 2021.
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 AES here.
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