ARLINGTON, Virginia., August 3, 2021 / PRNewswire / – AES Corporation (NYSE: AES) announced today that it is working with X, the Moonshot factory (formerly Google X) to develop tools that allow additional clean energy resources to enter the grid at a faster rate while improving grid reliability, optimizing operations and reducing costs.

AES and X use the tools to simulate and virtualize AES distribution networks in Indiana and Ohio. Near real-time network virtualization technologies will improve the customer experience by testing new ideas, optimizing the network for renewable energy, improving reliability and creating new efficiencies in the system.

Like Audrey Zibelman, vice-president and general manager of The X power grid team explains, “One of the biggest obstacles to moving to a renewable and reliable power system is having a complete real-time picture of what’s happening on the power grid. We are developing new compute and virtualization tools designed to give everyone who manages and operates the network the ability to plan, build and manage a clean and resilient network. “

“We believe the future of energy is clean, reliable, affordable and accessible to everyone. By combining X’s technical expertise with our industry experience and knowledge, we are accelerating this future, ”said Kristina lund, President of AES for US Utilities. “We are proud to be among the first to adopt these X network virtualization tools in our smart grid strategy. Our goal is to build a modern and green network for the benefit of all.

Zibelman added, “We are delighted to be working with an industry leader like AES to develop tools that guide towards an efficient, reliable and low-carbon energy future.

This work complements the 10-year strategic alliance formed by AES with Google in 2019 to leverage Google Cloud technology to accelerate innovation in energy distribution and management and AES unique agreement to supply 24/7 carbon-free energy to Google data centers in Virginia.

About AES
AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we are improving lives by providing the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers in their strategic energy transitions and continuing to meet their energy needs today. For more information visit our page on advanced energy networks.

Safe Harbor Disclosure
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements include, without limitation, those relating to future earnings, growth and performance. Forward-looking statements are not intended to be guarantees of future results, but rather constitute AES ‘current expectations based on reasonable assumptions. The forecast financial information is based on certain important assumptions. These assumptions include, but are not limited to, our expectations regarding the COVID-19 pandemic, precise projections of future interest rates, commodity prices and foreign currency prices, maintenance of normal levels of operational performance. and electricity volume in our distribution companies and operational performance at our generation activities in line with historical levels, as well as the execution of PPAs, the conversion of our backlog and our growth investments to levels of investment and standardized rates of return consistent with past experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Material factors that could affect actual results are discussed in documents filed by AES with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks discussed in Section 1A : “Risk Factors” and Section 7: “Discussion & Analysis” in AES ‘2020 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read the documents filed by AES to learn more about the risk factors associated with AES ‘business. AES assumes no obligation to update or revise any forward-looking statements, whether as a result of new information or future events. or otherwise.

SOURCE AES CORP.

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