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AES Reaches More Than 100 MW Of Grid-Scale Storage In The U.S. With 40 MW Resource In Ohio

Stocks in this article: AES

The Tait battery array includes more than 800,000 battery cells and connects through DP&L Tait station’s transformers, operated by DP&L and DPL Energy, LLC, through an independent agreement with PJM. The project was deployed from AES’ inventory of battery modules allowing for engineering, construction, and commissioning to occur in less than nine months.

With the operation of this facility, AES has more than 174 MW of grid-scale, power plant equivalent flexibility resources in operation. AES storage resources are currently deployed in the United States and South America.

For more information, please visit www.aesenergystorage.com.

About AES

The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 23 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 25,000 people is committed to operational excellence and meeting the world’s changing power needs. Our 2012 revenues were $18 billion and we own and manage $42 billion in total assets. To learn more, please visit www.aes.com.

About The Dayton Power and Light Company and DPL Inc.

The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a regional energy company.

DPL’s other subsidiaries include DPL Energy, LLC (DPLE), Miami Valley Insurance Company (MVIC) and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; MVIC is a captive insurance company providing insurance services to DPL and its subsidiaries, and DPLER is a competitive retail electric supplier. DPL, through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are coal-fired units and 1,000 megawatts are natural gas and diesel peaking units. Further information can be found at www.dplinc.com. DPL Inc. was acquired by AES in 2011.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’s current expectations based on reasonable assumptions. Actual results could differ materially from those projected in AES’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the Tender Offer Materials related to the Tender Offers and AES’s filings with the SEC, including, but not limited to, the risks discussed under Item 1A “Risk Factors” and Item 7 “Management’s Discussion & Analysis of Financial Condition and Results of Operations” in AES’s 2012 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’s filings to learn more about the risk factors associated with AES’s business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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