At CERAWeek, mapping one large utility's energy transition path

Mar 19, 2024

A Fortune 500 energy company, AES Corporation, discusses its net-zero goals and transition from coal to gas at CERAWeek. The importance of regional differences in energy transitions is highlighted, with a focus on phasing out coal and fuel oil for natural gas. The challenges and strategies for global decarbonization are explored, along with AES's initiatives in renewable energy and tech partnerships for emissions reduction.

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Introduction

00:00 • 2min

Energy Transition Strategies of a Large Utility Company

01:33 • 9min

Navigating the Energy Transition for Big Tech Data Centers in the Age of Gen AI

10:07 • 2min

Global Commitment to Decarbonization Amidst Energy Transition Challenges

12:33 • 6min

Exploring the Integration of Renewables at the Distribution Level of the Grid

18:10 • 2min

In this special episode of the ESG Insider podcast we sit down on the sidelines of CERAWeek with Phil Nevels, Director of Corporate Strategy for AES Corporation, a Fortune 500 energy company with operations in multiple regions including the US, Latin America and Asia.

S&P Global's CERAWeek conference is one of the biggest events in the energy industry, convening global leaders to talk about energy and transition strategies. In the interview, Phil outlines steps AES is taking to achieve its net-zero goals, including phasing out coal-fired generation and building more renewables and gas-fired generation.

Phil explains that renewable generation may not be an easy option for some locations and that transitioning from coal to gas can be a positive initial step.

"Every country is going to be transitioning at different speeds, phases, stages, and we have to appreciate that and recognize that the approach is going to look different in every country," Phil says. "In many cases, the low-hanging fruit is transitioning from coal and fuel oil to natural gas."

Tune into the podcast later this week for more highlights from CERAWeek.

This piece was published by S&P Global Sustainable1, a part of S&P Global.

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