Core Insights - The AES Corporation is expanding its renewable energy generation through solar, wind, and battery storage to meet long-term clean energy targets while also increasing its presence in the liquefied natural gas (LNG) market [1][2] - The company is facing challenges due to a decline in wholesale electricity prices [1][6] Growth Catalysts for AES - AES completed the development of 1.2 gigawatts (GW) of solar and energy storage projects in Q2 2025 and aims to add 3.2 GW of renewable capacity by year-end [2][9] - In Q2 2025, AES secured long-term power purchase agreements (PPAs) for 1.6 GW of renewables, increasing its total PPA backlog to 12 GW [3] - AES Indiana's acquisition of the 170-megawatt (MW) Crossvine solar-plus-storage project is set to begin operations in 2027 [3] - The company completed the construction of the 1,000 MW Bellefield 1 project, supported by a 15-year contract with Amazon, and plans to deploy up to 1,300 MW of solar, wind, and battery energy storage by 2027 [4][9] LNG Operations - AES operates LNG import terminals in the Dominican Republic with a storage capacity of 160,000 cubic meters, supplying re-gasified LNG to industrial users and third-party power plants [5][9] Headwinds for AES - The decline in wholesale electricity prices is attributed to the rising adoption of renewable energy, abundant natural gas, and demand-side management initiatives, with new PPAs being signed at lower rates [6] - This downward trend in electricity prices is expected to continue, potentially impacting AES's financial performance [6] Financial Overview - As of June 30, 2025, AES had a long-term debt of $26.55 billion and a current debt of $3.72 billion, with cash equivalents of $2.11 billion [7] Stock Performance - Over the past six months, AES shares have increased by 20.7%, outperforming the industry's growth of 7.7% [8]

POSCO (PKX) is ramping up its expansion in the energy sector by launching a carrier dedicated to liquefied natural gas (LNG), aiming to enhance the stability of its energy transportation amid increasing global supply chain uncertainties. On May 23, POSCO International hosted a naming ceremony for the group's first LNG carrier, the ‘HL FORTUNA,’ at HD Hyundai Samho shipyard in Mokpo, Jeollanam-do, South Korea.The development of this LNG carrier was made possible through a cross-industry collaboration involvi ...