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AES
AES

-10.22%

Energy / Energy supply

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Company at a Glance

Price
Overview
AES Corporation, commonly referred to as just AES, is a global energy company that provides sustainable solutions to customers in over 15 countries. It was founded in 1981 and is headquartered in Arlington, Virginia, USA. The company's core business is in the production and distribution of electricity, with a focus on renewable energy sources.
AES operates in both regulated and non-regulated markets, with a diverse portfolio that includes traditional fossil fuel plants, wind and solar facilities, and energy storage systems. The company also offers energy services such as energy efficiency, demand response, and distributed generation through its subsidiary, AES Energy Solutions.
In addition to its energy operations, AES is committed to sustainability and has set a goal to reduce its carbon intensity by 70% by 2030. It has also invested in community development projects in the areas it operates, focusing on education, health, and economic empowerment.
AES is a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol AES. It has over 85,000 megawatts of generating capacity and employs more than 9,000 people worldwide. The company's current CEO is Andrés Gluski.
What is special about the company?
1. Encryption Standard: AES (Advanced Encryption Standard) is a widely used encryption standard for securing sensitive data. It is considered to be one of the most secure encryption algorithms available.
2. Government Approved: AES is approved by the U.S. National Security Agency (NSA) for protecting classified information. It is also the standard adopted by the U.S. government for securing sensitive data.
3. High Performance: AES is a highly efficient and fast encryption algorithm. It can encrypt and decrypt data much faster than other encryption methods, making it ideal for securing large amounts of data.
4. Strong Security: AES uses a symmetric key encryption method, where the same key is used for both encryption and decryption. This ensures strong security as the key needs to be kept secret, and any attempts to crack the encryption would require knowing the key.
5. Wide Usage: AES is widely used in different industries, including finance, healthcare, and government sectors. It is also used for securing online transactions, cloud storage, and communication channels.
6. Constantly Evolving: The AES algorithm is continuously being evaluated and improved by the AES Cryptographic Algorithm Validation Program, ensuring its reliability and effectiveness against emerging threats.
7. Versatility: AES can be implemented in different modes, such as Electronic Codebook (ECB), Cipher Block Chaining (CBC), and Galois Counter Mode (GCM). This makes it adaptable to various applications and requirements.
8. Open Standard: AES is an open standard, which means its specifications are publicly available. This encourages transparency and allows for third-party evaluation and validation, ensuring its trustworthiness.
9. Multiple Key Sizes: AES supports three different key sizes - 128-bit, 192-bit, and 256-bit. This allows for flexibility in choosing the level of security needed for different applications.
10. Trusted Source: AES was developed by two of the world's leading cryptographers, Joan Daemen and Vincent Rijmen, providing assurance that it is a secure and reliable encryption standard.
What the company's business model?
The AES Corporation is a multinational power company with a diversified portfolio of electricity generation, distribution, and utility services. Their business model involves owning and operating power plants, energy storage facilities, and electricity transmission and distribution networks in various countries around the world.
AES generates revenue through the sale of electricity to wholesale and retail customers, as well as through providing energy-related services such as energy efficiency solutions and renewable energy development projects. They also have a focus on investing in emerging markets and developing new technologies for a more sustainable energy future.
In addition to their core business of electricity generation and distribution, AES also offers energy consulting and management services to commercial and industrial clients and owns and operates natural gas pipelines and liquefied natural gas (LNG) terminals.
Overall, AES's business model is focused on providing reliable and affordable energy solutions while also driving innovation and sustainability in the energy sector.
Interesting facts about the company
1. AES stands for Applied Energy Services, and it is a global power company that operates in 15 countries across four continents.
2. The company was founded in 1981 by Roger Sant and Dennis Bakke, two former employees of the World Bank.
3. AES has a diverse portfolio of energy sources, including coal, natural gas, wind, solar, hydro, and biomass.
4. In 1995, AES became the first independent power producer to be listed on the New York Stock Exchange.
5. The company has a strong focus on sustainability and has committed to reducing its carbon intensity by 70% by 2030.
6. AES has been recognized as one of Fortune’s World’s Most Admired Companies for several years in a row.
7. In 2010, AES built the world’s largest energy storage project in Chile, using cutting-edge battery technology.
8. The company has a strong commitment to community engagement and has invested over $1 billion in social and environmental projects.
9. AES was a pioneer in developing and implementing new techniques for measuring and controlling emissions from power plants.
10. In 2014, AES partnered with Google to use its data centers for energy storage, helping to improve energy efficiency and reduce costs.
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