AES has named University of Dayton students as winners of its 2022 Energy Innovation Competition | So Good News

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The AES competition serves to stimulate the innovation of the next generation of energy industry professionals

ARLINGTON, WV., October 31, 2022 /PRNewswire/ — AES Corporation (NYSE: AES) today announced the winners of the 2022 Energy Innovation Competition. The winners are three graduate students of the university University of Dayton: Scott Eardley, Sean Kapp and Megan McNally. The UD Flyers, as the students call their team, developed Project Oasis, an indoor agriculture system powered by solar energy and battery storage. The prize-based competition brings together teams of graduate students with diverse backgrounds to create and propose solutions to pressing issues facing the energy industry today.

“We created the Energy Innovation Challenge to encourage energy professionals to explore new and potentially untapped solutions to current and future energy challenges,” he said. Bernard Da Santos, AES Chief Operating Officer and Advisor to Challenge organizers. “With innovation part of our company’s DNA, we want to accelerate new ways to build a clean, smart energy future. Scott, Sean and Megan’s solar and storage urban farm concept solves many of the challenges facing local communities. Ohio and United States wider. We congratulate them on their winning project.”

UD Flyer’s innovative project provides both carbon-free energy and locally grown produce. Edgemont next door, both reduce emissions Dayton district and help address food deserts in that neighborhood. Not only did UD Flyers present an in-depth technical solution, the team also impressed the judges with their consideration of the multidisciplinary aspects required to realize such an impactful project, including funding, economic benefits, community stakeholder management and social impact.

The second place team will come Johns Hopkins University (JHU) and consists of students: Alain Nieman, Grant Taylor Miller, Jack Prill, Sebastian Gettelman and Travis Jaramillo. The JHU team has developed a solution to decarbonize steel while restoring economic and community growth Pennsylvania steel city. The team’s proposed solution includes using additional renewable energy to produce green hydrogen for steel furnaces, as well as creating a circular economy in the steel market to reduce the energy needed to produce steel. The AC/DC team impressed the judges by demonstrating the positive impact this project would have on the community, based on the band’s research and community outreach.

“We created the Energy Innovation Challenge to help inspire the next generation of energy industry professionals,” he said Tish Mendoza, AES Chief Human Resources Officer and Advisor to Challenge organizers. “AES is accelerating the clean energy transition through innovation in green, smart energy technologies and approaches. The industry is constantly evolving and AES is committed to supporting new talent who are reimagining and building the future of energy.”

Now in its second year, the AES Energy Innovation Challenge provides students with an exciting opportunity to gain the real-world experience, skills and insights needed to accelerate a responsible energy transition—all while connecting with leaders at AES, a Fortune 500 global energy company. designed to lead the transformation to a greener energy future. This year’s challenge included teams from four universities, including 19 students from mechanical engineering, sustainable energy, international relations, and more. studying subjects.

About AES

AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we improve lives by providing the green, smart energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence as we partner with our customers in strategic energy transitions and continue to meet their energy needs today.

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This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding future earnings, growth, financial and operating performance. performance. Forward-looking statements are not intended to be guarantees of future results, but instead constitute AES’s current expectations based on reasonable assumptions. The forward-looking financial information is based on certain material assumptions. These assumptions include, but are not limited to, accurate predictions of future interest rates, commodity prices and foreign currency valuations, the continuation of normal levels of operating performance at our distribution companies and expectations regarding electricity volumes and production performance of our industrial facilities. levels as well as implementation of PPAs, exchange of backlog and growth investments at normalized investment levels, rates of return consistent with past experience and the COVID-19 pandemic.

Actual results may differ materially from those projected by our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES’ filings with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks discussed in Item 1A: “Risk Factors” and Item 7: “Management’s Discussion and Analysis ” in AES’s 2021 Annual Report on Form 10-K and subsequent reports filed with the SEC. Readers are encouraged to read AES 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 desiring to obtain a copy of the Company’s 2021 Annual Report on Form 10-K filed on February 28, 2022 may obtain a copy (excluding its exhibits) free of charge to the SEC by making a request to the Office of the Corporate Secretary, AES Corporation, 4300 Wilson Blvd., Arlington, Virginia 22203. Exhibits may also be requested, but a fee equal to the cost of their reproduction will be charged. A copy of the Annual Report on Form 10-K may be obtained by visiting the Company’s website at www.aes.com.

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SOURCE AES CORP.

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