Air Products & Chemicals will build a $4 billion hydrogen plant in northern Texas in a joint venture with AES Corp. that will use renewable energy and produce gas without emitting carbon. The hydrogen plant will be powered by solar and wind energy gathered at the site. The gas will be produced by electrolyzers, which […]
Fluence Signs 1.1 GW Energy Market Optimization Agreement with AES – EQ Mag Pro
Fluence’s AI-powered IQ Bidding Application will enable AES to maximize the value of solar and energy storage projects in the Western US. Arlington, VA : Fluence (Nasdaq: FLNC) today announced an agreement with The AES Corporation (NYSE: AES) to employ the AI-powered Fluence IQ Bidding Application to maximize the value of a 1.1 GW portfolio […]
AES Buys Closely-Held Community Energy Solar in Renewables Push
AES Corp., a U.S.-based power plant developer, said it has purchased Community Energy Solar LLC of Pennsylvania as part of a push to deploy more renewable energy. AES didn’t disclose the terms of the deal. Community Energy, which is closely held, has developed more than 3 gigawatts of solar and energy storage projects, according to […]
Siemens, AES-backed Fluence Energy files for U.S. IPO – EQ Mag Pro
The listing plan comes at a time when global investors and lawmakers alike are pushing for more sustainable and environment friendly ways of doing business amid heightened climate change concerns. New Delhi : Fluence Energy Inc, an energy storage technology company backed by industry giants Siemens AG and AES Corp, on Tuesday filed regulatory paperwork […]
Hawaii PUC approves HECO Kapolei Energy Storage project
Hawaii PUC approves HECO Kapolei Energy Storage project. The PUC wrote in its decision — which included conditions — that it is approving the project so that the “lights will stay on” after the AES plant and other fossil-fuel plants are retired in the next several years…Read More…
Google Advances Green Goal With AES Deal for Carbon-Free Power
Google Advances Green Goal With AES Deal for Carbon-Free Power. Google’s moving forward with its goal of becoming carbon-free by the end of the decade after AES Corp. agreed to supply the tech giant with renewable energy to power its data centers in Virginia…Read More…
Schneider, AES investment takes Uplight’s valuation to $1.5 bln
Uplight, which makes software products focused on clean energy, will use the funding for acquisitions and international expansion, it said. A consortium of investors led by French electrical equipment group Schneider Electric and U.S. electric utility AES Corp are investing in Uplight, valuing the utility software firm at $1.5 billion, the companies said on Wednesday. […]
AES Invests In 5B Portable Solar Technology
5B is an Australian solar energy company with an innovative new idea. Instead of building a solar system onsite, make it in a factory using preassembled units that are hinged together and fold up like the sides of an accordion. Truck it to where it’s needed and deploy it using just a backhoe and three […]
Renewables and storage grow while importance of coal diminishes for AES Corporation
AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year. The company said in a […]
Hawaiian Electric Reveals Full List of Winners From Its Big Energy Storage Procurement
The winners range from energy storage stalwarts to relative newcomers to the large-scale battery business. Hawaiian Electric this week revealed the full list of winners from its second large-scale procurement of energy storage and renewables for the islands of Oahu, Maui and Hawaii. The winners run the gamut from major industry players like AES and Engie to […]