AES Corporation Net Worth, Marketcap, Revenue, Competitors 2026

AES Corporation operates as a global power generation and utility company headquartered in Arlington, Virginia. The company owns and operates power plants that generate electricity using diverse fuel sources including solar, wind, natural gas, coal, and hydro.

AES distributes power to approximately 2.7 million customers through its utility subsidiaries. The company operates in four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies. AES has positioned itself as a leader in clean energy, ranking as the top provider of clean energy to corporations globally by BloombergNEF for three consecutive years.

AES Corporation History

AES Corporation Co-founders

AES Corporation Competitors

AES Corporation competes with major utility and power generation companies across global markets. In renewable energy, AES faces competition from FirstEnergy Corp. and other utilities investing in clean energy transitions.

AES Corporation Marketcap

AES Corporation maintains a market capitalization of approximately $10.5 billion as of January 2026. The company trades on the New York Stock Exchange under the ticker symbol AES.

AES Corporation Revenue

AES Corporation generated $12.28 billion in revenue for fiscal year 2024. This represents a 3.08% decrease from the $12.67 billion reported in 2023.

AES Corporation Acquisitions

AES Corporation has pursued strategic acquisitions to expand its renewable energy portfolio and utility operations. The company’s acquisition strategy focuses on building capabilities in clean energy generation and storage.

In 2000, AES made two major acquisitions. The company acquired Indianapolis Power and Light (IPALCO), expanding its regulated utility business in the United States. AES also purchased Chilean-based Gener, establishing a strong presence in South American power markets. Indianapolis Power and Light was later rebranded as AES Indiana in February 2021.

The 2011 acquisition of DPL Inc., parent company of Dayton Power and Light, cost $4.7 billion including assumed debt. This purchase gave AES access to over 500,000 customers in West Central Ohio. Dayton Power and Light was rebranded as AES Ohio in 2021. The acquisition strengthened AES’ position in the regulated utility sector.

In 2017, AES partnered with Alberta Investment Management Corporation to acquire sPower for approximately $853 million. sPower was the largest independent utility-scale solar developer in the United States at the time. The company operated across 11 states with a portfolio of 1.3 GW of solar and wind projects. In 2020, sPower merged with AES’ clean energy business to form AES Clean Energy.

AES also acquired Mainstreet Power in 2015 to add distributed solar resources to its portfolio. In 2021, the company acquired Community Energy Solar to help deliver 4 GW of renewables in the US. These acquisitions support AES’ goal of achieving net-zero carbon emissions from electricity sales by 2040. The WEC Energy Group and other utilities have pursued similar renewable energy acquisition strategies.

FAQs