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AES Named to Fast Company's 2022 World's Most Innovative Companies List

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AES is recognized for its innovations in the energy sector and joins the ranks of other leading innovative companies, including SpaceX and Microsoft

ARLINGTON, Va., March 8, 2022 /PRNewswire/ -- Today, The AES Corporation (NYSE: AES) was named to Fast Company's 2022 list of the World's Most Innovative Companies. AES was ranked among the top five companies in the energy sector and was recognized for its work in clean energy innovations that are accelerating a greener, smarter energy future.

Accelerating the future of energy, together. (PRNewsfoto/The AES Corporation)
Accelerating the future of energy, together. (PRNewsfoto/The AES Corporation)

Climate change is the greatest challenge of our time. AES' innovative work is accelerating a cleaner energy future.

"Climate change is the greatest challenge of our time and the innovative work we are doing at AES is helping accelerate a cleaner energy future," said Andrés Gluski, President and CEO. "We are global leaders in energy storage, AI and cloud-based efficiency services and hurricane resistant prefabricated solar. Last year we signed more clean energy supply agreements with corporations than anyone else in the world. We are setting new renewable standards and making the promise of 100% carbon-free energy a reality."

AES is helping markets and organizations of all kinds make the transition to greener energy sources at an accelerated pace. In May 2021, the company announced a first-of-its-kind agreement to supply 24/7 carbon-free energy for Google data centers in Virginia. AES will help ensure that the energy powering those data centers will be 90% carbon-free when measured on an hourly basis from a portfolio of wind, solar, hydro and battery energy storage resources. To accelerate the deployment of solar at scale, AES announced the launch a new first-of-its-kind solar installation robot called Atlas in December 2021. Atlas assists the skilled solar workforce by doing the heavy lifting and panel attachment. This represents a major advance in solar energy technology, making it faster, more efficient and safer to construct new solar facilities.

To assemble this year's list, Fast Company's editors and writers sought out groundbreaking businesses across the globe and industries. The list provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the world economy.

"The world's most innovative companies play an essential role in addressing the most pressing issues facing society today, whether they're fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions," said Fast Company Deputy Editor David Lidsky.

The 2022 Fast Company designation follows on AES' recognition as one of Fast Company's Best Workplaces for Innovators in 2020. Both awards acknowledge AES' culture of innovation and its company-wide efforts to foster innovation and creativity with the goal of accelerating the future of energy.

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.com.

Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding the COVID-19 pandemic, accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: Management's Discussion & Analysis in AES' Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Any Stockholder who desires a copy of the Company's 2020 Annual Report on Form 10-K filed February 25, 2021, and any subsequent filing with the SEC, may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Form 10-K may be obtained by visiting the Company's website at www.aes.com.

Website Disclosure
AES uses its website, including its quarterly updates, as channels of distribution of Company information. The information AES posts through these channels may be deemed material. Accordingly, investors should monitor our website, in addition to following AES' press releases, quarterly SEC filings and public conference calls and webcasts. In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the "Subscribe to Alerts" page of AES' Investors website. The contents of AES' website, including its quarterly updates, are not, however, incorporated by reference into this release.


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SOURCE The AES Corporation