The AES Company History Timeline

(220 Jobs)
1981

The company was founded on January 28, 1981, as Applied Energy Services by Roger Sant and Dennis Bakke, two appointees of the Federal Energy Administration under president Richard Nixon.

1987

Sant was chairman, CEO, and president and Bakke was executive vice president until assuming the position of president in 1987.

1990

One startling discovery was that the S-boxes appeared to be secure against an attack known as Differential Cryptanalysis which was only publicly discovered by Biham and Shamir in 1990.

1994

However, despite all this controversy, in 1994 NIST reformed DES for government use for a further five years for use in areas other than “classifed”.

1997

In January 1997 NIST issued a public request for candidates to replace the aging DES, which resulted in 15 viable submissions from 12 countries.

2000

AES acquired the assets of Indianapolis Power & Light, Ipalco, in 2000.

AES acquired the Chilean-based subsidiary Gener in 2000.

2003

However as of 2003, AES with key sizes of 192 and 256 bits has been found to be secure enough to protect information up to top secret.

2007

Before joining Fluence as CEO, Manuel sat on the Fluence Board of Directors and has long been a proponent of energy storage at AES since 2007.

2011

AES acquired DPL Inc. known as Dayton Power & Light in 2011.

2012

In 2012, Hanrahan resigned, his position as President and CEO of the company succeeded by Andres Gluski.

2015

In fiscal 2015 AES's total revenue was $15 billion.

2018

In January 2018, Siemens and AES launched Fluence, uniting the scale, experience, breadth, and financial backing of the two most experienced icons in energy storage.

2019

During his tenure at AES, he served as Senior VP of Global New Energy Solutions where he was responsible for global expansion in renewables, topping more than 2.8 GW in 2019 alone.

Founded
1981
Company Founded
Headquarters
Arlington, VA
Company Headquarter
Founders
Dennis Bakke,Roger Sant
Company Founders

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