AES

AES is a global power company operating in 15 countries, providing affordable and reliable energy through its distribution businesses and diverse generation portfolio of over 32 gigawatts, including renewable sources.

Gustavo Garavaglia

CFO

13 past transactions

Motor

Series A in 2023
Motor collaborates with utility companies to facilitate consumer adoption of electric vehicles. It addresses common barriers to EV ownership by offering access through partner utilities, ensuring both economic benefits for consumers and grid advantages.

GreenAnt

Acquisition in 2021
Founded in 2014, GreenAnt is a Brazilian company specializing in intelligent energy management solutions. It offers SaaS platforms focused on energy efficiency, consumer empowerment, management control, and sustainability.

Uplight

Private Equity Round in 2021
Uplight is a provider of customer-centric technology solutions focused on the energy sector. Formed through the merger of Tendril and Simple Energy, along with the acquisitions of FirstFuel, EEme, and EnergySavvy, Uplight specializes in developing energy management software for utility companies serving residential, commercial, and industrial users across North America. The company offers a comprehensive suite of tools designed to connect energy customers with the decarbonization goals of power providers. By facilitating energy savings and cost reductions, Uplight aims to promote a more sustainable future for the energy ecosystem.

5B Australia

Series A in 2020
5B Australia Pty Ltd, founded in 2013 by solar engineers Chris McGrath and Eden Tehan, specializes in the engineering, procurement, and construction of large-scale solar farms. Based in Alexandria, Australia, the company has developed an innovative prefabricated solar array technology known as MAVERICK, which allows for rapid deployment and installation by small teams. This accordion-style design revolutionizes traditional solar farm construction by enabling a shift from unpredictable field environments to controlled factory settings, enhancing efficiency and quality control while reducing risks. 5B's commitment to innovation has led it to shape the future of clean energy and make it more accessible and competitive globally. The company has worked on over 140 projects worldwide, focusing on transforming the solar supply chain and supporting a global transition to sustainable power solutions. The name "5B" reflects the vast energy potential of the planet, emphasizing the need to harness solar power efficiently. As it continues to expand its partnerships and project deployments, 5B aims to provide the fastest, safest, and most cost-effective solar array solutions for its customers.

Fohat

Grant in 2019
Fohat is an energy intelligence company focused on transforming the energy sector through innovative technologies. It operates a platform that facilitates the integration of distributed energy resources and enhances energy trading capabilities. The platform addresses challenges associated with microgrid management by enabling efficient energy trading, redirecting surplus energy into designated storage systems, and mitigating sudden fluctuations in the power grid. Additionally, it serves as a reliable backup solution for large industries, allowing businesses to develop products across various market segments. Fohat's approach aims to create a more resilient and sustainable energy landscape.

Fluence Corporation

Post in 2018
Fluence Corporation is a global provider of water and wastewater treatment and reuse solutions for municipal, commercial, and industrial markets. It offers fast-to-deploy, decentralized packaging systems for desalination, treatment, and reuse, including NIROBOX, RO/ultrafiltration modules, Aspiral wastewater treatment, SUBRE membrane biofilm reactors, EcoBox water reuse systems, and associated aeration equipment, as well as food and beverage processing and waste-to-energy solutions. The company also delivers project finance support and Smart Operations data analytics software, plus after-sales services. With operations across dozens of countries, Fluence serves thousands of projects, focusing on water reuse and industrial applications such as mining and technology sectors. Revenue and growth derive from decentralized, repeatable solutions and recurring offerings spanning municipal and industrial segments, Southeast Asia and China, and other regions. Founded in 2008 and based in White Plains, New York, Fluence aims to be a leading global provider of decentralized water and wastewater treatment and reuse solutions.

DayBack

Non Equity Assistance in 2017
DayBack is a manufacturer specializing in wind turbines designed for urban energy generation, catering to commercial and industrial customers. The company also develops an energy management platform that collects real-time data on energy production and consumption by connecting to various equipment, including switchboards and generators. This platform enables businesses to strategically manage their energy usage, enhance energy efficiency, lower operational costs, and contribute to environmental sustainability. Additionally, DayBack offers solar photovoltaic energy solutions, encompassing design, integration, and commercialization services.

sPower

Acquisition in 2017
sPower is an independent power producer based in Salt Lake City, with additional offices in San Francisco, Long Beach, and New York City. The company specializes in owning and operating renewable energy generation systems, including wind, solar, and storage facilities, across the United States and the UK. With an extensive portfolio that includes over 150 utility and distributed generation systems and a combined capacity of 6.7GW across operating, construction, and development stages, sPower is actively engaged in acquiring utility-scale renewable assets at various stages of development. The company also provides construction and operational management services, contributing to local economies through payments to landowners and revenues for local governments, while focusing on reducing carbon emissions and delivering affordable, reliable energy to consumers.

sPower

Private Equity Round in 2017
sPower is an independent power producer based in Salt Lake City, with additional offices in San Francisco, Long Beach, and New York City. The company specializes in owning and operating renewable energy generation systems, including wind, solar, and storage facilities, across the United States and the UK. With an extensive portfolio that includes over 150 utility and distributed generation systems and a combined capacity of 6.7GW across operating, construction, and development stages, sPower is actively engaged in acquiring utility-scale renewable assets at various stages of development. The company also provides construction and operational management services, contributing to local economies through payments to landowners and revenues for local governments, while focusing on reducing carbon emissions and delivering affordable, reliable energy to consumers.

AES Distributed Energy

Acquisition in 2015
The AES Corporation (AES), a Fortune 200 global power company, provides affordable, sustainable energy to 18 countries through a diverse portfolio of distribution businesses and 36 GW of generation capacity, including over 8 GW of renewables. Enabled by the acquisition of Main Street Power Company in February 2015, and leveraging AES’ expertise, relationships and scale, they deliver our clients the benefits of sustainable energy powered by resilient, turnkey solutions that we finance, own and operate. Currently available in the US, Mexico, El Salvador, Brazil and the Dominican Republic, AES brings reliable and cost-effective distributed energy systems to schools, municipalities, utilities, residences, and commercial and industrial clients. We have over 65 MW of distributed generation solar PV projects in operation across North America, and over 200 MW in development in the Western Hemisphere.

DPL

Acquisition in 2011
DPL Inc. is an energy company based in Dayton, Ohio, operating as a subsidiary of The AES Corporation. Founded in 1985, DPL Inc. focuses on the transmission and distribution of electricity across a 6,000 square mile area in West Central Ohio, serving approximately 526,000 retail customers, including residential, commercial, industrial, and governmental sectors. The company caters to various industries, such as automotive, food processing, paper, plastic, manufacturing, and defense. As part of a Fortune 200 global power company, DPL Inc. contributes to providing affordable and sustainable energy solutions while adapting to the evolving demands of the energy market.

KMR Power Company

Acquisition in 2000
KMR Power Company is a privately owned electric power plant developer and operator with a significant presence in Colombia. The company holds a controlling interest in three natural gas-fired power plants, which collectively have a total capacity of approximately 600 megawatts. KMR Power Company is also linked to KMR Infrastructure, a growth equity firm that specialized in investments in the energy sector within Africa.

Ipalco Enterprises

Acquisition in 2000
IPALCO Enterprises, Inc. is a provider of electric energy services, primarily engaged in the generation, transmission, distribution, and sale of electricity. The company operates four generating stations, including coal-fired and natural gas facilities, and has an extensive transmission system comprised of over 450 circuit miles of high-voltage lines. Its distribution network includes more than 5,000 circuit miles of underground and overhead cables, supported by a comprehensive infrastructure of substations. Serving approximately 500,000 retail customers in Indianapolis and surrounding areas, IPALCO is committed to delivering reliable and low-cost electricity. Since its inception in 1926, the company has focused on customer satisfaction, consistently achieving high service ratings. IPALCO Enterprises is headquartered in Indianapolis, Indiana, and is a subsidiary of AES U.S. Investments, Inc.
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