AES Corp up after Google data center deals

The AES

24/02/2026 12:20

** 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%

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))