Reported 1 day ago
The AES Corporation (NYSE:AES) announced the successful completion of Phase 1 of its Bellefield solar-plus-storage project in California, adding 500 MW of storage capacity under a 15-year agreement with Amazon. This milestone reinforces AES's 2025 outlook, as the project will power 467,000 homes and reduce over 1 million metric tons of CO2 emissions annually. The second phase is scheduled for completion in 2026, contributing positively to the company’s financials and solidifying its position in the energy transition.
Source: YAHOO