About AES
Company Overview
The AES Corporation, a publicly traded global power company
HeadquartersArlington, VA, United States
Founded1981
SizeApproximately 9,100 employees globally (source: virginiabusiness.com). Revenue of about $12.28 billion in 2024 (source: companieshistory.com).
What They Do
AES operates as a global power company developing, owning, and operating utilities and power projects across North and South America, the Caribbean, Europe, and Asia (source: aes.com). Its business portfolio includes regulated utilities, renewable generation such as solar, wind, and battery storage, as well as conventional thermal generation including combined-cycle gas plants (source: nasdaq.com). AES has strategically expanded its commercial focus toward large technology and data-center customers, securing 8.1 GW of agreements with technology clients by mid-2024 and supporting 2.1 GW of new data-center load growth at AES Ohio in 2024 (source: q4cdn.com). The company differentiates itself by integrating utility operations, project development, and long-term contracting at scale, maintaining a substantial backlog of signed power purchase agreements and a proven track record delivering projects for hyperscalers and utilities (source: q4cdn.com).
Projects & Track Record
AES’s notable projects include the Bellefield solar-plus-storage project in California, which reached 2 GW of combined solar and storage capacity for Amazon after signing an additional 1 GW contract in 2024 (source: sec.gov). The company completed Chevelon Butte, the largest wind project in Arizona, and Delta, the first utility-scale wind project in Mississippi, both highlighted in 2024 management remarks (source: q4cdn.com). In Hawaii, AES launched the West O‘ahu solar-plus-storage project in Kapolei, its first facility combining solar generation and battery storage on O‘ahu (source: aes.com). Additionally, AES completed a 670 MW combined-cycle gas plant in Panama in 2024 (source: nasdaq.com). By the end of 2024, AES reported a power purchase agreement backlog of 11.9 GW, including 4.9 GW under construction, underscoring its strong project pipeline (source: nasdaq.com).
Recent Developments
In 2024, AES signed or was awarded 6.8 GW of new contracts, including renewable power purchase agreements, data-center load growth at U.S. utilities, and retail supply agreements for data centers (source: nasdaq.com). The company completed or acquired 3.0 GW of renewables primarily in the United States and Chile, alongside the 670 MW Panama gas plant (source: nasdaq.com). By Q3 2024, AES had signed 2.2 GW of new agreements with data-center hyperscalers and maintained a 12.7 GW signed PPA backlog (source: nasdaq.com). In February 2025, AES reported a net income of $698 million for 2024 and announced progress toward its 2023–2025 asset sale target, with $2.8 billion announced or closed (source: nasdaq.com).
Working There
AES hires across a broad range of roles including renewable development, project engineering, construction, operations, utility operations, finance, commercial origination, legal, and corporate functions, reflecting its diverse business spanning generation, regulated utilities, and customer contracting (source: aes.com). The company emphasizes employee wellbeing, work-life balance, and comprehensive health and wellbeing benefits on its careers page (source: aes.com). Recent growth areas suggest strong hiring demand in solar, storage, grid infrastructure, and data-center-related commercial roles, particularly in locations tied to AES Indiana, AES Ohio, and project-development offices supporting North and Latin America (source: nasdaq.com).
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