The Aes Corporation · NYSE:AES

The Aes — Corporate Update (August 2024)

28 slides from The Aes's corporate update, Aug 22, 2024

  1. Slide 1: Rancho Viejo Solar + Storage Project Pre-Application Neighborhood Meeting

    Rancho Viejo Solar + Storage Project Pre-Application Neighborhood Meeting August 22, 2024 presented by AES 115 MWdc / 96 MWac / 192 MWh Solar + Battery Energy Storage System (BESS) 2 miles east of Hwy 14. Santa Fe County, Accelerating Santa Fe’s clean energy transition with locally-sourced, dispatch

  2. Slide 2: Presentation Agenda

    Presentation Agenda • The AES Corporation / AES Clean Energy • Project Location • Project Overview • Updates for Revised CUP Application • Solar Photovoltaic Modules • Battery Storage Design and Safety • Project Diligence  Visual Simulations  Noise Study • Conditional Use Permit Process Overview •

  3. Slide 3: The AES Corporation

    The AES Corporation 34.9 GW $12.7 billion Gross MW in operation* Total 2023 revenues * 54% renewables 12.6 GW $45 billion Renewable generation Total assets under construction or with owned & managed signed PPAs 4 Continents 22 million Recognized for our commitment to 13 Countries Number of people se

  4. Slide 4: AES' US Renewables business overview

    AES’ US Renewables business overview 1,400+ People 7.2 GW Operating clean energy 550 resources Projects 51 GW 26 States Clean energy projects in development Recognized for our commitment to Fluence Energy, our joint venture sustainability We are proud to be recognized by with Siemens, was recognized

  5. Slide 5: Project Location - Summary

    Project Location - Summary • 3 miles south from Santa Fe • 2 miles east of Hwy 14 • 1.3-1.5 miles west of El Dorado neighborhood • 1/3 mile from nearest residence in San Marcos • BESS sited 1.5 miles from both San Marcos and El Dorado neighborhoods • 680 fenced acres for project • Located on private

  6. Slide 6: Project Location – Lowest Wildfire Risk

    Project Location – Lowest Wildfire Risk 6

  7. Slide 7: Project Overview

    Technical Specifications • 115 MW DC solar photovoltaic source Project Overview • 96 MW AC output • 48 MW / 192 MWh battery storage (4 hours) Utility-Scale Project • Feed into PNM transmission grid • 268 GWh of clean energy, equivalent of entire annual residential load of Santa Fe • Fully power Sant

  8. Slide 8: Project Overview – Site Plan Updates

    Project Overview – Site Plan Updates • Removed array north of San Marcos • Max panel height reduced to 8’ • Previously specified 12’ • Perimeter access road • Consultation with SFCFD • Water storage tank – 30,000 gallon • 2021 IFC Chapter 5, Fire Service Features, Section 507, Water Supply • O&M bui

  9. Slide 9: Project Overview – Site Plan Updates

    Project Overview – Site Plan Updates 9

  10. Slide 10: Project Overview - Solar Photovoltaic Modules

    Project Overview - Solar Photovoltaic Modules Structure Dimensions • ~8’ max height at full 52° tilt in early morning/late evening • 5’ 4” clearance at central rack and at flat tilt, or stow mode. • 14’ 6” aisles between modules / 22’ post to post • Currently specified with New Mexico-built racking

  11. Slide 11: Project Overview - Battery Storage System

    Project Overview - Battery Storage System 11 Representative image from earlier containerized BESS solution

  12. Slide 12: Project Overview - Battery Storage System

    Project Overview - Battery Storage System 12

  13. Slide 13: Battery Storage Safety – A Multi Layer Approach

    Battery Storage Safety – Deflagration Panels A Multi Layer Approach • 40' shipping container design basis Chiller • Up to 8 MWh per enclosure • Liquid cooled with external chiller • Direct injection fire suppressant at PLC and Fire Break module level Communications (Wall) • Active monitoring of air,

  14. Slide 14: Battery Storage Safety – Incidents in Decline

    Battery Storage Safety – Incidents in Decline • 2023 Installed BESS capacity globally: +50 GW • 2023 Installed BESS capacity in USA: 16 GW • 2024 BESS capacity will double to 30 GW • AES is a global leader in BESS • Safety is AES’ #1 priority and company value • Pioneer of technology for grid storag

  15. Slide 15: Battery Storage Safety – In Growing Demand

    Battery Storage Safety – In Growing Demand 15

  16. Slide 16: Battery Storage Safety – In Growing Demand

    Battery Storage Safety – In Growing Demand 16

  17. Slide 17: Battery Storage Safety – In Growing Demand

    Battery Storage Safety – In Growing Demand 17

  18. Slide 18: Project Diligence

    Project Diligence Site Studies Performed • ALTA and topographical survey • Aquatic Resources Inventory Report – gen-tie to span crossing of jurisdictional feature • Biological Survey Report – no federal/state T&E species, prairie dog/burrowing owl avoided • Phase I Environmental Site Assessment - no

  19. Slide 19: Project Diligence

    Project Diligence Site Studies Performed • Environmental Impact Report – no significant resource issues • Noise Technical Report – Operational noise would not be perceived by a human observer • Geotechnical Investigation Report – Completed to inform project design • Decommissioning Plan – Prepared i

  20. Slide 20: Visual Simulation – View from Hwy 14

    Visual Simulation – View from Hwy 14 Project Location Photo capture location 20

  21. Slide 21: Visual Simulation - Camerada Loop (H-Frame)

    Visual Simulation - Camerada Loop (H-Frame) Project Location Photo capture location H-Frames structures up to 50 feet in height with structure spans ranging from 250 feet to 350 feet. 21

  22. Slide 22: Visual Simulation – View from Camerada Loop (Monopole)

    Visual Simulation – View from Camerada Loop (Monopole) Project Location Photo capture location Monopole structures up to 70 feet in height with structure spans ranging from 250 feet to 450 feet. 22

  23. Slide 23: Noise Technical Study

    Noise Technical Study • Detailed operation-related noise modeling completed using SoundPlan • Noise level at the closest property boundary of 48.3 dBA during daytime hours and 43.5 dBA during nighttime hours • Calculated noise levels emitted by the project would be below Santa Fe County Ordinance No

  24. Slide 24: Conditional Use Permit – Review Process

    Conditional Use Permit – Review Process • Technical Advisory Committee Meeting – November 24, 2021 • Pre-Application Neighborhood Meeting – August 22, 2024 • CUP Update Application Submitted – On or before August 30, 2024 • County Review, including Referral and Third-Party Review • Hearing Officer M

  25. Slide 25: Estimated Project Timeline

    Estimated Project Timeline Project Bid, Design, & Permitting Build Operate 2021 2022 2023 2024 2025 2026-2028 2028 – 2063 • TAC meeting • Initial site • Initial CUP • Interconnection • PNM RFP • 100% design • Operate for 35 • Interconnection studies application Agmt issued submission complete years

  26. Slide 26: Benefits: Economic

    Rancho Viejo Solar + Storage ~200 construction jobs (direct) ~Contributions to local Benefits: services (accommodation, Economic restaurants, professional services) >$200 million capital investment ~$28 million in labor and wages Market-competitive supply of $ ~$5 million in wages/material clean ene

  27. Slide 27: Benefits: Environmental

    Rancho Viejo Solar + Storage Serve ~1.1% of all of New Benefits: Mexico’s load in support of 1.1% its goal to procure 100% Environmental renewable energy by 2045 Low impact development that Renewable power for diversifies and strengthens grid equivalent of 37,042 homes’ annual electricity use resili

  28. Slide 28: Thank you!

    Thank you! Questions? Contact us: Email: RanchoViejoSolar@aes.com Web: www.aes.com The sun sets on the horizon, but Rancho Viejo Solar will keep the lights on for Santa Fe into the night 28

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