September 26, 2016 4:33 AM ET

Electric Utilities

Company Overview of AES Energy Storage, LLC

Company Overview

AES Energy Storage, LLC engages in power generation. The company was incorporated in 2007 and is based in Arlington, Virginia. AES Energy Storage, LLC operates as a subsidiary of The AES Corporation.

4300 Wilson Boulevard

Suite 1100

Arlington, VA 22203

United States

Founded in 2007

Phone:

703-522-1315

Key Executives for AES Energy Storage, LLC

President
Compensation as of Fiscal Year 2016.

AES Energy Storage, LLC Key Developments

AES Energy Storage to Deploy 37.5 MW of Advancion Energy Storage Arrays for San Diego Gas and Electric

The AES Corporation announced its subsidiary, AES Energy Storage, has entered into two contracts with San Diego Gas and Electric (SDG&E). AES will install and commission two energy storage arrays totaling 37.5 MW using its Advancion energy storage solution at sites in San Diego County, California. The SDG&E-owned energy storage arrays will help to improve regional reliability and integrate greater amounts of renewable energy when operational by the end of January 2017. With the support of the California Public Utilities Commission, SDG&E leveraged an ongoing competitive solicitation to seek energy storage projects on an expedited basis. SDG&E selected Advancion 4, AES’ fourth generation battery-based energy storage platform and recipient of the Edison Electric Institute’s 2016 International Edison Award. Advancion is designed for rapid deployment and is a smart, dependable and cost competitive alternative to peaking power plants that improves existing electric infrastructure and enables a greater penetration of clean energy resources. The SDG&E Advancion arrays will be able to provide 37.5 MW of power for four continuous hours and serve as a 75 MW of flexible resource to the grid. The arrays will be installed at two SDG&E substation facilities: 30 MW in Escondido and 7.5 MW in El Cajon. Once completed, the Escondido array will be the battery-based energy storage project in operation in the United States. Both arrays will incorporate components from Advancion certified suppliers, including batteries by Samsung SDI and power conversion systems by Parker Hannifin.

AES Energy Storage and Mitsubishi Corporation Sign an Alliance Agreement

The AES Corporation, through its subsidiary, AES Energy Storage, and Mitsubishi Corporation have announced the signing of an alliance agreement under which Mitsubishi will work with AES and its local partners to offer the Advancion energy storage platform in Asia and Oceania. The agreement is part of an AES initiative with select leading companies to ensure global availability of the Advancion energy storage platform. Energy storage enables utilities, industrial and commercial customers, independent power producers, and power system operators to efficiently integrate renewable energy, replace conventional peaking generation capacity and reduce the need for expensive transmission and distribution investments. The energy storage market has entered a new growth phase and Navigant Research projects that more than 11 GW of energy storage capacity will be installed annually by 2020 in 22 countries.

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Recent Private Companies Transactions

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