00130H204

Aes Corp

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A global power company that both generates electricity and delivers it to homes and businesses across dozens of countries, using natural gas, solar, wind, and hydroelectric plants, along with large-scale battery storage. It was founded in 1981 by Roger Sant and Dennis Bakke as a consulting firm called Applied Energy Services, which is where the AES initials come from, before pivoting to build and run power plants. In the late 1980s it pioneered the "independent power producer" model, breaking the old idea that only monopoly utilities could generate electricity and opening the market to competition.