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AES’ Advancion® to Enhance Reliability at Panasonic Manufacturing Facility

New Delhi, April 18, 2016 – Panasonic India Pvt. Ltd. and AES India Private Limited today announced an agreement to construct a 10 MW energy storage array at Panasonic’s Technopark manufacturing facility in Jhajjar, Haryana. This joint project is the first large-scale battery-based energy storage project in India. The storage will provide daily reliability and back-up to the manufacturing facility, while demonstrating grid stability and renewable integration services in the region.

The project combines Panasonic’s capabilities as India’s leading lithium-ion battery supplier with AES Energy Storage’s Advancion® platform, experience as a leading owner and operator of energy storage projects across the world and its deep knowledge of the energy storage industry. While AES operates 116 MW of energy storage projects around the globe, this project signifies AES’ entry into the commercial and industrial energy storage market.

The Indian power market is expected to grow up to 350 GW by 2022, from current installed capacity of 288GW. In addition, there is a target to install 160 GW of solar and wind generation. While this rapid growth in renewables will help improve energy security, increase access to electricity, reduce reliance on energy imports, and reduce air emissions, it will also strain the system, as the current infrastructure is not designed to meet these modern demands. Energy storage can easily transform this infrastructure to deliver more value from the initial investment, while ensuring a clean, unbreakable grid that fuels India’s economic prosperity for decades to come.

“We are excited to bring Advancion®, the most proven energy storage system available globally, to India,” said Marty Crotty, President of AES’ Strategic Business Unit in Asia. “Panasonic delivers high quality, cost-effective batteries and is a great partner to be working with as we demonstrate the value of large-scale energy storage to commercial and industrial customers, renewable developers, utilities, and the grid operator.”

The global energy storage market has entered a new growth phase and Navigant Research projects that more than 11 GW of energy storage capacity will be installed annually by 2020 in 22 countries. AES and Panasonic have both been working for several years to meet these demands. Panasonic has been working in “Energy Storage Solutions” space in India since FY 2013, and became market leader in supplying lithium ion batteries to Telecom Sector as well as multiple other mission critical applications. AES has integrated energy storage into eight different power markets in four countries and AES’ energy storage solutions represent the world’s largest advanced energy storage fleet, with more than three million megawatt-hours of delivered service. AES has announced construction or late stage development of an additional 278 MW of energy storage.

Speaking about the agreement, Mr. Manish Sharma, Executive Officer of Panasonic Corporation and President & CEO of Panasonic India Pvt. Ltd. said, “Panasonic India’s partnership with AES signifies the convergence of synergies to deliver reliable, cost-competitive solutions to meet growing energy demand. This association further establishes our commitment and capabilities to providing smart energy storage solutions. Set to transform the energy storage landscape, Panasonic India looks forward to this association, which will help offer grid stability and improved ancillary services.”

Advancion® 4, AES’ latest design, incorporates insights from serving utilities globally for more than 30 years and lessons learned from more than eight years of real world operations of large-scale, grid-connected battery systems built to serve the needs of a long-term asset owner. The scalable design can be used for both utility-scale and behind-the-meter applications and allows for standard configurations from 100 KW to over 1,000 MW, and from 15-minutes of duration to over four hours without any reengineering.

Panasonic will be supplying Advancion Certified batteries for this initial project by leveraging Panasonic’s manufacturing and supply chain from the transportation section. This is the first commercial energy storage project with AES and the companies are working on a roadmap to expand the scope of the partnership to meet the growing needs of the global market.

About Panasonic India            

Panasonic makes available in India its wide range of consumer electronics, home appliances like LCD  DVD players, Home Theatre Systems, Smartphones, Cameras, Camcorders, Car Audio Systems, Air Conditioners, Washing Machines, Refrigerators, Microwave Ovens, Automatic Cookers, Vacuum Cleaners and a wide range of system products including communication ones like Mobile Phones, High Definition Videoconferencing, Professional Audio Video products like Broadcast Cameras, Projectors and Displays, Business Solutions including Printers, Whiteboards, Security Solutions, and Energy Storage Solutions. The Company currently has a workforce of about 13,000 in India. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in.

About Panasonic

Panasonic Corporation is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions and device industries. Since its founding in 1918, the company has expanded globally and now operates 468 subsidiaries and 94 associated companies worldwide, recording consolidated net sales of 7.715 trillion yen for the year ended March 31, 2015. Committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers. To learn more about Panasonic: http://www.panasonic.com/global.

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 17 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 21,000 people is committed to operational excellence and meeting the world’s changing power needs. Our 2015 revenues were $15 billion and we own and manage $37 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.

About AES India

AES is the only global power company with a continuous presence in India since 1992, demonstrating its long-term commitment to the Indian power market. In 1998, AES participated in an international competitive bidding and was the successful bidder of 49% stake in Odisha Power Generating Corporation (OPGC). AES currently operates a 420 MW thermal power plant at the Ib Thermal Power Station and is constructing a 1,320 MW super critical thermal power plant as an expansion of the existing facility. To learn more, please visit www.aes-india.com.

About AES Energy Storage

AES is a leader in commercial energy storage solutions, which improve flexibility and reliability of the power system, and provide customers with a complete alternative to traditional peaking power plants.  The company’s Advancion® 4 energy storage solution is available for sale to leading utilities, power markets, and independent power producers, and AES can manage installations from concept to operation with a market-proven solution that integrates best in class battery and power conversion technologies. AES introduced the first grid-scale advanced battery-based energy storage solution in commercial operations in 2008 and operates the largest fleet of battery-based storage assets in service today. AES has a total of 394 MW of interconnected energy storage, equivalent to 788 MW of flexible resource, in operation, construction or late stage development in seven countries. To learn more, please visit www.aesenergystorage.com or @aes_es on Twitter.

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