The AES Corporation announced that it is the recipient of the Edison Electric Institute’s (EEI) 2016 International Edison Award for its development and deployment of Advancion® 4, its fourth generation, grid-scale, battery-based energy storage platform. This is the Company’s fifth International Edison Award and is a testament to the work AES’ employees are doing alongside their suppliers, to provide their customers with innovative and sustainable energy solutions.
“We are honored to receive this award from EEI, recognizing our contribution to the development of efficient and cost effective energy storage,” said Andrés Gluski, AES President and Chief Executive Officer. “Nearly a decade ago, a small team at AES had the idea to create advanced energy storage using lithium ion batteries. Today, we are the largest operator of battery-based energy storage in the world, with installations in four countries and advanced development projects in three more. Advancion is proven and available to utilities and other energy storage customers to meet their needs in this rapidly changing energy market.”
Using proven technology from nearly a decade of experience in operating the largest fleet of battery-based energy storage in the world, AES’ Advancion 4 energy storage solution has been deployed on the Company’s own platforms and is also available for other utilities, industrial and commercial customers, independent power producers and power system operators to deploy.
Since late 2015, AES has deployed Advancion 4 in projects in the United States, Northern Ireland and the Netherlands and now operates 116 MW of energy storage projects with an additional 278 MW under construction or in late stage development. AES’ energy storage platform is improving the reliability of the electric grid, mitigating the intermittency of renewable generation and lowering costs to operate the system.
Earlier this year, AES announced agreements with select leading companies in the power sector, to ensure the global availability of Advancion. Mitsubishi Corporation and Eaton Corporation are now offering Advancion as the core of their energy storage platforms to customers in Asia and Oceania, and Europe, the Middle East and Africa (EMEA), respectively.
The Edison Award is the electric power industry’s most prestigious honor and recognizes companies annually for their leadership, innovation and progress in advancing the industry.