AES Readies to Meet Heavy 2024 Demand with Wind, Solar Buildouts

AES Readies to Meet Heavy 2024 Demand with Wind, Solar Buildouts

May 21, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. power demand is expected to increase significantly over the next decade, fueled by the growing markets for electric vehicles (EVs) and data centers, and AES Corporation (NYSE:AES) (Arlington, Virginia) believes it can meet a significant share of the challenge through wind, solar and battery energy-storage system (BESS) projects that will cater to high-demand areas, or even individual facilities.

Industrial Info is tracking more than $27 billion worth of projects from AES in the U.S. and Canada, including more than $4.6 billion worth nearing or under construction. Two of the largest projects are in California and Texas, and are being built in conjunction with Amazon.com Incorporated (NASDAQ:AMZN) and Air Products and Chemicals Incorporated (NYSE:APD), respectively.

Other companies featured: First Solar Incorporated (NASDAQ:FSLR)

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