The AES Corporation has secured two long-term Power Purchase Agreements (PPA) to supply Meta's data centers with 650 MW of solar projects within the Southwest Power Pool (SPP) market. These agreements solidify AES's position as a preferred energy partner for corporate clients.

Andrés Gluski, President and CEO of AES, expressed pride in partnering with Meta to deliver dependable and cost-effective renewable energy, supporting Meta's data center expansion and sustainability objectives. The energy solutions provided by AES ensure rapid power delivery and low-cost electricity, reinforcing its status as a leading choice for companies like Meta, particularly those driving innovation in artificial intelligence.

Urvi Parekh, Global Head of Energy at Meta, conveyed enthusiasm about collaborating with AES on these solar energy projects. These initiatives align with Meta's commitment to achieving 100% clean and renewable energy and will introduce new generation capacity to the grid in relevant markets.

Beyond supporting Meta's objectives, these projects are expected to generate employment opportunities and provide economic benefits to communities in Texas and Kansas. This includes creating numerous construction jobs and contributing substantial long-term tax revenue to support local schools and counties.

AES currently operates 32.7 GW, has a backlog of 12.3 GW of signed long-term PPAs, and a pipeline of 65 GW. The company has secured 10.1 GW of contractual arrangements with major global hyperscalers, including 7.7 GW of long-term PPAs dedicated to building renewable capacity for data center energy needs. Bloomberg New Energy Finance's (BNEF) 2024 Corporate Energy Market Outlook recognized AES as a leading clean energy provider to corporations for the third consecutive year.

AES is dedicated to continuous innovation and operational excellence, working with customers on their strategic energy transitions and meeting their ongoing energy needs. For further details, visit www.aes.com.

This announcement includes forward-looking statements subject to risks, uncertainties, and other factors detailed in AES' filings with the Securities and Exchange Commission (SEC). AES undertakes no obligation to update these statements unless required by law.