AES today announced its market-dynamic, technology-aware control
platform for the commercial operation of energy storage. This patented
operating system, called sOS™, is a fast-response 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.
“Utility customers are looking for energy storage arrays that deliver
maximum performance and efficiency, and sOS™ brings that performance
without locking buyers into a specific storage technology,” said Chris
Shelton, President of AES Energy Storage. “The development of sOS™
leveraged the decades of experience that AES has in serving power
markets around the world and our unique understanding of the energy
storage market – an understanding that comes from investing, owning and
operating over $100 million worth of storage assets.”
The platform includes modules designed to optimize performance in key
markets and applications that react to desired performance conditions
within those markets. It is on these market-specific modules that
existing AES storage arrays with PJM, NYISO and ERCOT currently run,
maximizing the value for customers in those markets.
The unique modules within the platform allow AES to quickly deploy
energy storage solutions that will immediately deliver value within the
operating guidelines for each individual market. To date, AES has
developed and is offering customized modules for the PJM, NYISO, ERCOT
and Puerto Rico markets. AES is developing additional modules for key
markets in the US and around the world, making these efficient energy
storage resources available to customers in new markets.
The platform can accommodate any number of inverter or battery
technologies through its AES-designed reference architecture for
technology suppliers. The architecture enables the seamless and
efficient integration of underlying battery and inverter technologies
into the larger sOS™ platform. This allows for the uniform control of
all AES storage arrays, independent of which suppliers are chosen for a
facility.
"Building on our inverter technology at Parker, AES has been able to
deliver comprehensive grid storage solutions into the power industry.
Our inverter systems combined with their market-focused operational
controls have allowed them to consistently deliver high levels of
efficiency and flexibility to power markets," said Jim Hoelscher,
General Manager, Parker Hannifin’s Global Energy Grid Tie Division.
Designed with battery life in mind, the sOS™ platform enables the system
to automatically make trade-off decisions during operation, matching the
system performance specifically to the market need in that instant. This
function reduces ramping, improves efficiency, and enables battery
longevity and increased performance while also allowing AES to
right-size projects, ensuring that facilities are built to match the
needs of the customer.
"We’ve architected sOS™ to respond to the needs of each of our current
and prospective customers, while providing the best value. This platform
is already proving its ability to deliver results for customers every
day across three power markets in the US,” added Brett Galura, Vice
President, Solution Development.
About AES Energy Storage
AES Energy Storage is a subsidiary of the AES Corporation (NYSE: AES), a
company that has served utility customers around the world for 30 years,
helping them to deliver safe, reliable power. The company is a leader in
commercial energy storage partnerships, which enable utilities, power
markets and renewable developers to manage projects from concept to
operation. The company’s energy storage solutions allow customers to
unlock value from existing power infrastructure by liberating reserve
capacity, enabling renewable facilities to generate new revenue streams,
improving flexibility and reliability of the power system, and meeting
peak power demand. With 150 MW of resources online, AES Energy Storage
operates the largest fleet of battery-based storage assets in commercial
operation today. The company has over 1,000 MW in development in the US,
South America, Europe, and Asia. To learn more, please visit www.aesenergystorage.com
or @aes_es
on Twitter.
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.
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. Such forward-looking statements include, but are not limited to,
the expected closing date of the offering of the Notes and our intended
use of proceeds and anticipated use of our shelf registration statement,
which are subject to risks and uncertainties, such as our continued
eligibility to use the shelf registration statement, general economic
conditions and other risks and uncertainties. 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 our
forward-looking statements due to risks, uncertainties and other
factors. Important factors that could affect actual results are
discussed in the prospectus supplement related to the offering 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.
Any Stockholder 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.
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