AES Corp up after Google data center deals
ReutersFeb 24, 2026 12:20 PM
Shares of utility AES Corp AES.N up 4.4% at $16.98 premarket
Co signs agreements to provide energy generation for a new Google GOOGL.O data center planned in Wilbarger County, Texas
"To-date, AES has signed agreements for nearly 12 GW of energy with data center customers, 9 GW of these are PPAs directly with hyperscalers," says AES CEO Andrés Gluski
The two companies entered into 20-year Power Purchase Agreements (PPA) for co-located power generation
AES will own and operate the generation assets in addition to providing retail, cost optimization and related services to Google's data center campus
In 2025, AES was up 11.4%
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