AES is a Virginia-based utility and power generation company. It offers its services in Latin America, Africa, North America, Europe, the Middle East, and Asia through its many subsidiaries, including but not limited to, AES Alamitos, AES Alamitos Energy, AES Integrated Energy, and AES Ohio Generation. In terms of turnover, AES is mostly a US-dependent utility with significant exposure to regulated and unregulated markets and a significant commitment to building out renewable energy. The firm also has some exposure to electricity markets in South America and exposure to electricity storage markets in the form of its ownership stake in Fluence (FLNC).
The AES Corporation declared its quarterly dividend of $0.1659 per share. The dividend is payable by November 15 to shareholders of record on November 1. As of October 23, the company has a dividend yield of 4.74%.
On October 13, The AES Corporation reported that it is a partner in two Regional Clean Hydrogen Hubs that have been awarded funding of up to $2.4 billion under the Bipartisan Infrastructure Law (BIL) that was passed in 2021. The company aims to lead the green hydrogen market in the U.S. by receiving funding for green hydrogen projects which will be possible through the two hubs. The Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES) Hub will receive $1.2 billion and is located in California. The HyVelocity Hub will receive up to $1.2 billion and is located on the Gulf Coast of Texas and Louisiana.