MARIA: BIG BUSINESS OF POWER,
AES CORPORATION OPERATES, STOCK
IS UP 45% SO FAR THIS YEAR,
JOINING ME RIGHT NOW ON FOX
BUSINESS EXCLUSIVE IS THE CEO OF
AES, ANDRE, GOOD TO SEE YOU,
THANK YOU SO MUCH FOR JOINING
US, WHAT'S DRIVING THE STOCK
RIGHT NOW?
>> I THINK WE'VE HAD A GOOD YEAR
IN TERMS OF DELIVERING RESULTS
BUT FORECAST BUT WE ARE GROWING
AND ONE OF THE THINGS THAT'S
UNIQUE ABOUT OUR COMPANY, NOT
ONLY FEW INTERNATIONAL U.S.
INTERNATIONAL COMPANIES BUT THE
FACT THAT WE ARE REALLY
COMBINING WHAT I CALL CAPACITY
WITH ENERGY.
RENEWABLES PROVIDE YOU CAN
ENERGY BUT THEY ARE NOT HERE
24/7.
SO IT'S VERY IMPORTANT FOR
CONSUMERS, FOR EVERYONE, IT'S
HOW DO YOU PROVIDE ELECTRICITY
24 HOURS A DAY 7 DAYS A WEEK, SO
WHAT WE ARE REALLY DOING
COMBINING RENEWABLES WITH
TRADITIONAL SOURCES OF ENERGY
AND ALSO WITH BATTERIES, THE
WORLD LEADER IN THIS TECHNOLOGY
WHICH ALLOWS YOU PUT MORE
RENEWABLES ON THE GRID BUT HAVE
A BETTER GRID.
MARIA: I'M GLAD THAT YOU
MENTIONED BATTERY, WE HAVE BEEN
TALKING ABOUT BATTERY-GROWING
STORY FOR A LONG TIME AND I'M
WONDERING IF IT'S RESINATING
WITH BUSINESSES.
WHEN YOU LOOK AT, FOR EXAMPLE,
THE ELECTRIC CAR, WE HAVE BEEN
TALKING ABOUT ELECTRIC CAR,
PEOPLE ARE NOT BUYING IT, PEOPLE
BUYING BIG CARS, WHAT'S THE
STORY ON BATTERY TECHNOLOGY?
>> WELL, WE STARTED USING
LITHIUM ION BATTERIES ON GRID
SCALE, THIS WOULD NOT BE
SOMETHING THE CONSUMER SEES
ABOUT 10 YEARS AGO, AND DO THEY
HAVE MORE THAN 200 MEGA WATTS WE
WOULD BE BUILDING TO 500, WE
HAVE IT IN 16 COUNTRIES, FOR US
IT'S A PROVEN TECHNOLOGY.
WHAT YOU CAN DO WITH THE ENERGY
STORAGE IS YOU CAN STORE, FOR
EXAMPLE, A LOT OF SOLAR IN THE
MIDDLE OF THE DAY, YOU SAVE IT
UP AND INJECT IT WHEN YOU NEED
IT.
MARIA: THAT'S HUGE IN TERMS OF
BEING ABLE TO INJECT IT WHEN YOU
NEED IT.
>> YES.
MARIA: EASY TO DO?
>> YES, THAT'S WHAT THEY DO.
IT DOES ET BETTER THAN GAS
PLANTS, HAS TO HEAT UP, THIS IS
INSTANCE.
SO TODAY THE MARKET GROWING AT
100% A YEAR.
MARIA: FANTASTIC, EARLIER THIS
YEAR YOU ANNOUNCED THAT YOU WERE
TEAMING UP WITH SEMENS.
TEAM UP WITH SEMENS TO TAKE ON
TESLA WHICH IS IMPORTANT HERE
BECAUSE YOU ARE DOING TESLA
ENERGY IN THE STORAGE SPACE, HOW
IS THAT GOING, TELL ME ABOUT THE
GROWTH STORY THERE?
>> SURE, THAT'S GOING VERY WELL.
THIS YEAR WE WILL HIT SEVERAL
HUNDRED MILLION DOLLARS OF
SALES, IT'S A VERY GOOD
COMBINATION SEMENS AND US
BECAUSE WE REALLY AHEAD OF THE
CURVE, WE WERE DOING IT 10 YEARS
AGO, PROVEN MODELS, FIFTH DESIGN
TODAY AND SEMENS HAS THE ABILITY
TO SELL IN 160 COUNTRIES,
100-YEAR-OLD COUNTRY WITH
EXCELLENT REPUTATION AND THE
COMBINATION TO HAVE TWO OF US,
WE ARE IN 16 COUNTRIES TODAY BUT
WE HAVE THE CAPABILITY OF
DELIVERING IN 116 COUNTRIES.
THAT'S GOING VERY WELL AND BOTH
HAPPY.
MARIA: WHAT'S YOUR REACTION IN
TERMS OF WHAT'S GOING ON IN THE
MARKET, OIL PRICES DROPPING AND
NATURAL GAS ON THE RISE, WHAT'S
BEHIND THE MOVE?
>> IT'S VERY INTERESTING, THE
AFFECT OF THE OIL SECTOR ON OUR
ECONOMY HAVE CHANGED VERY MUCH.
CERTAINLY IN THE ELECTRIC SECTOR
IT ALMOST HAS NO EFFECT BUT
NATURAL GAS HAD BEEN THE BIG
STORY IN THE PREVIOUS DECADE, SO
WE, FOR EXAMPLE, HAVE A LOT OF
NATURAL GAS PLANTS, WE JUST
INAUGURATED A NEW L&G TERMINAL
IN PANAMA
IN PANAMÁ WHICH WILL DRASTICALLY
CHANGE THE ENERGY SECTOR OF THE
COUNTRY BECAUSE IT WAS DEPENDENT
ON RAINFALL AND NOW WITH CHIEF
NATURAL GAS FROM THE U.S.,
DROUGHT ENERGY PRICES WON'T
SPIKE AND ALSO GOOD FOR THE U.S.
BECAUSE IT MEANS HUNDREDS OF
MILLIONS OF DOLLARS OF ANNUAL
EXPORTS.
MARIA: THAT STORY IS BECOMING
INCREASINGLY IMPORTANT?
>> YES, ABSOLUTELY.
MARIA: SURE IS, ANDRE, GREAT TO
HAVE YOU ON THE PROGRAM.
I KNOW WE MET FIRST 22 YEARS
AGO.
>> THAT'S RIGHT WHEN I WAS DOING
IPO.
MARIA: IT'S BEEN A GREAT STORY,
CONGRATS, SO I INTERVIEWED YOU
22 YEARS AGO WHEN YOU FIRST WENT
PUBLIC.
>> THAT'S RIGHT.