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AES continuous growing by the hand of Andrés Gluski…
- Dec 19, 2022 3:06 pm GMT
In 2011, he became the AES Corporation's president and chief executive officer. He has guided AES to become an industry pioneer in the use of renewable energy and other green technology. AES was the only U.S. energy firm to be chosen by Fast Company as one of the top places to work for innovators in 2020. AES and Siemens formed a joint venture called Fluence, and Guidehouse has repeatedly recognized them as the top grid-scale energy storage installer worldwide.
Gluski also set CSR and sustainability targets for AES, which led to the company being named one of the World's Most Ethical by the Ethisphere® Institute for eight consecutive years and included in the Dow Jones Sustainability Index for North America. The corporation has set new, more stringent targets for reducing carbon emissions, including achieving net-zero carbon emissions from power sales by 2040, which was announced in 2021.
For both Waste Management and Fluence, he serves on the Board of Directors. Gluski graduated with the highest honours from Wake Forest University and went on to receive a master's degree and doctorate in economics from the University of Virginia.
Now AES and Air Products and Announced a $4 Billion Investment the First Mega-Scale Green Hydrogen Production Facility Will Be Built in Texas. Using around 1.4 GW of renewable electricity, this project has the potential to generate over 200 mt/d of green hydrogen.
The new facility will be, by far, the largest green hydrogen facility in the U.S. to use wind and sun as energy sources.
The facility, which is targeted to begin commercial operations in 2027, will serve growing demand for zero-carbon intensity fuels for the mobility market as well as other industrial markets. It will yield a totally clean source of energy on a massive scale, and, if all the green hydrogen were used in the heavy-duty truck market, it would eliminate more than 1.6 million metric tons of carbon dioxide (CO2) emissions annually when compared to diesel use in heavy-duty trucks. Over the project lifetime, it is expected to avoid more than 50 million metric tons of CO2, the equivalent of avoiding emissions from nearly five billion gallons of diesel fuel.
Air Products and AES will jointly and equally own the renewable energy and electrolyzer assets, with Air Products serving as the exclusive off-taker and marketer of the green hydrogen under a 30-year contract.
The project would create more than 1,300 construction and 115 permanent operations jobs, as well as about 200 transportation and distribution jobs. It is also expected to generate approximately $500 million in tax benefits to the state over the course of the project's lifetime, while extending Texas' energy leadership.
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