Arlington, Va. – September 30, 2013 – The AES Corporation (AES) today announced it is now operating more than 100 MW of grid-scale storage resources with the commercial operation of its 40 MW resource in Ohio. Located at Dayton Power and Light’s (DP&L) Tait generating station in Moraine, Ohio, the project is providing fast-response frequency regulation services to PJM Interconnection to stabilize the grid that serves more than 60 million people.
"At AES we are dedicated to improving lives by providing safe, reliable and sustainable energy solutions," said Andres Gluski, President and CEO, AES. "We are pleased to increase our presence in Ohio with the addition of 40MW of Advanced Energy Storage at DP&L's Tait Generation Station."
The facility is the largest of its kind in Ohio and helps to meet the needs otherwise provided by power generation from inefficient or retiring power plants, reducing overall system emissions and water use while optimizing existing grid resources.
“We are pleased to have this innovative solution bringing the next generation of sustainable alternative energy options to Ohio,” said Derek A. Porter, President, DP&L. “With the combined corporate leadership of AES and DP&L, we look forward to providing the Dayton region with a safe, reliable and clean resource that utilizes energy storage to better serve our most pressing power needs.”
This is AES’ fifth facility to run on its Storage Operating System. This patented operating system, called sOS™, is a fast-response control architecture that applies patented performance algorithms to automate the operation of AES-delivered battery-based energy storage arrays, optimizing performance and efficiency for customers, and extending the life of the battery.
“Advanced energy storage resources can uniquely maximize the performance and efficiency of the grid through their ability to act as both generation and load,” said Phil Herrington, President of Competitive Generation for the AES U.S. Strategic Business Unit. “With over 100 MW now serving the PJM market, we are seeing a growing interest from AES customers in other key markets.”
The Tait battery array includes more than 800,000 battery cells and connects through DP&L Tait station’s transformers, operated by DP&L and DPL Energy, LLC, through an independent agreement with PJM. The project was deployed from AES’ inventory of battery modules allowing for engineering, construction, and commissioning to occur in less than nine months.
With the operation of this facility, AES has more than 174 MW of grid-scale, power plant equivalent flexibility resources in operation. AES storage resources are currently deployed in the United States and South America.
For more information, please visit www.aesenergystorage.com.
About AES
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 23 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 25,000 people is committed to operational excellence and meeting the world’s changing power needs. Our 2012 revenues were $18 billion and we own and manage $42 billion in total assets. To learn more, please visit www.aes.com.
About The Dayton Power and Light Company and DPL Inc.
The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a regional energy company.
DPL’s other subsidiaries include DPL Energy, LLC (DPLE), Miami Valley Insurance Company (MVIC) and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; MVIC is a captive insurance company providing insurance services to DPL and its subsidiaries, and DPLER is a competitive retail electric supplier. DPL, through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are coal-fired units and 1,000 megawatts are natural gas and diesel peaking units. Further information can be found at www.dplinc.com. DPL Inc. was acquired by AES in 2011.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’s current expectations based on reasonable assumptions. Actual results could differ materially from those projected in AES’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the Tender Offer Materials related to the Tender Offers and AES’s filings with the SEC, including, but not limited to, the risks discussed under Item 1A “Risk Factors” and Item 7 “Management’s Discussion & Analysis of Financial Condition and Results of Operations” in AES’s 2012 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’s filings to learn more about the risk factors associated with AES’s business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Anyone who desires a copy of AES’s 2012 Annual Report on Form 10-K dated on or about February 26, 2013 may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made
