The AES Corporation is a global power generation and utility company that owns electric generation assets and utilities across multiple countries, with an increasing focus on renewable energy sources like solar and wind power. Its business spans both regulated utility operations in some markets and unregulated power generation that sells electricity through long-term contracts with utilities and large corporate customers, including technology companies seeking renewable power for their data centers. AES has been transitioning its generation portfolio away from coal-fired power plants toward renewable energy and natural gas, a shift reflecting both environmental regulations and changing economics favoring lower-cost renewable generation in many markets. The company's revenue and growth are tied to global electricity demand growth, the pace of its renewable energy development pipeline, and long-term power purchase agreements with utilities and corporate customers seeking reliable power supply.