Thanks to Generadora Gatún, a natural gas-based power plant which began construction this March, Panama has secured a 20-year fuel supply contract at a stable and competitive price for the market, generating savings of 20 percent compared to current market prices. This was made possible by leveraging gas from the United States, the world’s largest exporter of liquid natural gas, along with Qatar, which allows for the best price to be offered.
What a magical year it has been!
One year ago, we announced the merger of six different groups to form AES Clean Energy with the bold ambition to become one of the leaders in the US renewables market and strengthen AES’ mission of accelerating the future of energy throughout the country.
Together with the Government of Chile, we made an exciting announcement today at COP26 that builds on our long-standing partnership to accelerate the future of energy storage in the country. It's an announcement that is meaningful not only because of its scale, but because it shows how collaboration allowed us to reach our shared goal of decarbonizing the country faster and with the greatest impact.
Fluence, AES’ energy storage and AI joint venture with Siemens, just experienced a “unicorn” IPO, so-called because of the rarity of a privately-held startup being valued at over a billion dollars. You can read more about the IPO in the press release.
The AES Alamitos Battery Energy Storage System (BESS) is a project of many firsts.
AES’ vision for the future is a world with net-zero carbon by 2050. The Climate Scenario Report we recently published shows that we have the vision for a net-zero future, and the strategy and energy solutions that are critical for getting there.
The AES Alamitos Battery Energy Storage System (BESS) is a project of many firsts.
