It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities.

Bakke later became the company's CEO in 1994, serving for eight years until his resignation in 2002 in the midst of a liquidity crisis that followed the collapse of the energy giant Enron.

Paul Hanrahan was appointed president and CEO and remained for ten years, overseeing the stabilization of the company.

Bakke and Sant oversaw much of AES's initial global expansion, building power plants in 29 countries and expanding its staff from 1,400 to 32,000 employees, and also instilled a system of decentralized management that emphasized social responsibility above profit.

Siestorage relies upon the closed-loop controls and pulse modulation built into its semiconductors, in order to provide consumers with increased dependability.

During January 2018, the subsidiary AES India, working in partnership with Mitsubishi, commenced construction of a 10 MW energy storage solution[buzzword] that will be located in Rohini.

[27] As part of an effort by AES to protect its employees from industry hazards and to improve workplace safety, the company announced a partnership with drone provider Measure to inspect their various energy infrastructures sites across 17 countries.