AES Energy Storage today unveiled a portion of its deployment
roadmap for AES AdvancionTM Energy Storage Solutions, which
includes the addition of battery-based storage resources across the
US, South America, and Europe. Projects in construction or late
stage development are expected to deliver 260 MW of interconnected
battery-based energy storage, equivalent to 520 MW of flexible
power resource, 25% of which is expected to be on-line by mid-2016.
These projects are in addition to the 86 MW of interconnected
energy storage, equivalent to 172 MW of resource, AES currently has
in operation.
Today, AES announces the expansion of its existing fleet into
new markets, including the Company’s first utility scale project
within the Midcontinent Independent System Operator (MISO) in the
United States and the first two projects in Europe. Considerable
expansions are underway in existing markets, including California,
PJM Interconnection and Chile. AES Energy Storage is also actively
developing a pipeline of additional projects in multiple global
markets.
“The electricity grid is poised for a major transformation and
AES is proud to work with leading utilities and power systems to
bring advanced storage to a new scale,” said John Zahurancik,
President of AES Energy Storage. “Energy storage is lowering costs
and improving critical grid infrastructure for customers around the
world.”
Interconnection
Date of
Business Location
MW
Resource MW1
Deployment
Projects In Operation Norgener (Los Andes) Chile
12 24 2009 Electrica
Angamos Chile 20 40
2011 Laurel Mountain US-West Virginia
32 64 2011 Tait
US-Ohio 20 40 2013
Advancion™ Applications Center US-Pennsylvania
2 4 2013
TOTAL IN
OPERATION 86
172 Projects In Construction
Cochrane Chile 20 40
2H 2015 Warrior Run US-Maryland
10 20 2H 2015 Northern Ireland
Project Northern Ireland 10
20 2016 Netherlands Project
Netherlands 10 20 2016
TOTAL IN CONSTRUCTION
50 100 Projects in
Late Stage Development Indiana Project US-Indiana
20 40 2016 Northern
Ireland Project #2 Northern Ireland 90
180 2017 Alamitos Energy Center
US-California 100 200
2021
TOTAL IN LATE STAGE DEVELOPMENT
210 420
TOTAL
346 692
1 Resource MW are power plant equivalent
dispatchable resource, including supply and load capacity.
PJM: AES’ Warrior Run project under
construction in Cumberland, Maryland, adds to AES’ installations in
West Virginia, Pennsylvania, and Ohio that supply critical grid
stability services across the PJM territory. The project is part of
a series of expansions under development for this market.
Chile: AES’ third energy storage
project in Northern Chile is currently under construction. This
project integrates advanced battery-based energy storage with a 532
MW thermal power plant to provide reliability services to Chile’s
northern grid.
Western Europe: This spring, AES will
begin construction on its first advanced energy storage projects in
Europe – in Northern Ireland and the Netherlands. Both will provide
fast, accurate power to improve grid efficiency and reliability
assisting with grid integration and operations. AES will be the
first to deliver advanced energy storage projects of this scale in
both countries, providing safe and emissions-free power, supporting
regional wind integration and lowering overall cost to
consumers.
MISO: AES’ project in Indiana will be
the first utility scale storage project in MISO. AES performed its
initial storage pilot work in Indiana in 2008. The new project will
deliver enhanced reliability and ancillary services, including
frequency regulation and peak power.
California: As previously announced,
AES is proceeding with the deployment plan for its Alamitos Energy
Center storage project in Long Beach, CA. This local capacity
resource will supply fast acting power for Southern California
Edison customers under a 20-year Power Purchase Agreement.
“By choosing storage as a smart alternative, progressive
utilities, power system operators, and policy makers are improving
lives through lower cost, increased use of renewables, and higher
reliability,” said Praveen Kathpal, Vice President of AES Energy
Storage. “We’re excited to work with our customers and partners to
provide resilient, cost-effective power in the US and around the
world.”
About AES Energy Storage Solutions
AES is a leader in commercial energy storage, which enables
utilities, power markets and renewable developers to manage
projects from concept to operation with a market-proven solution.
The company’s AdvancionTM energy storage solutions unlock value
from existing power infrastructure, improving flexibility and
reliability of the power system, and providing customers with a
complete alternative to traditional peaking power plants. AES
introduced the first grid-scale advanced battery in commercial
power market service in 2008 and operates the largest fleet of
battery-based storage assets in service today. The company works
with utility partners and other customers to deliver the value of
advanced storage in the US and around the world. To learn more,
please visit www.aesenergystorage.com or @aes_es on Twitter.
About AES
The AES Corporation (NYSE:AES) is a Fortune 200 global
power company. We provide affordable, sustainable energy to 18
countries through our diverse portfolio of distribution businesses
as well as thermal and renewable generation facilities. Our
workforce of 18,500 people is committed to operational excellence
and meeting the world’s changing power needs. Our 2014
revenues were $17 billion and we own and manage $39
billion in total assets. To learn more, please
visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
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Exchange Act of 1934. Such forward-looking statements include, but
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Management’s Discussion & Analysis in AES’ 2014 Annual
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Readers are encouraged to read AES’ filings to learn more about the
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whether as a result of new information, future events or
otherwise.
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addressing a request to the Office of the Corporate Secretary, The
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Media:AES Energy StorageAmy Ackerman, 703-682-6399
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