AES Breaks Ground on 400 MWh Energy Storage Project in Southern California - Seite 2

AES Southland was awarded a 20-year power purchase agreement (PPA) by SCE in 2014 to provide 100 MW of interconnected energy storage. It is part of a $2 billion repowering initiative in Long Beach to replace aging natural gas peakers with a combination of efficient combined-cycle gas capacity and battery energy storage, which is now a viable alternative to replace traditional thermal generation to meet peak power demands.

Together with the AES AEC combined-cycle gas turbine (CCGT), this project will result in more than $132 million in local purchases, 1.48 million hours in construction-related work, and a payroll of over $315 million. At completion – projected for late 2020 - the new AEC will not only be cleaner and more responsive to California’s energy needs, but it will also contribute between $12.3 and $14.6 million annually to the local economy.

“Energy storage is our most flexible resource. It can charge or discharge virtually instantaneously and helps us to maximize our use of renewable energy on the grid,” said Colin Cushnie, Vice President Power Supply for Southern California Edison. “Projects such as this signal a new direction for how we can meet our customers’ need for reliable energy with a clean mix of resources.”

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2018 revenues were $11 billion, and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

About Fluence

Fluence, a Siemens and AES company, is a global leader in the market for utility-scale energy storage technology and services, combining the agility of a technology company with the expertise, vision, and financial backing of two industry powerhouses. Established in 2018 as the successor to industry pioneers AES Energy Storage and Siemens energy storage, Fluence’s goal is to create a more sustainable future by transforming the way we power our world. The company offers proven energy storage solutions designed to address the diverse needs and challenges of customers in a rapidly changing energy landscape. One of Fast Company’s Most Innovative Companies for 2019, Fluence has now deployed or been awarded about 1 gigawatt of energy storage projects in 18 countries. To learn more, please visit http://fluenceenergy.com/ and follow Fluence on Twitter at @FluenceEnergy.