AES Indiana joins EPRI Climate READi initiative to address power system resilience and adaptation

June 20, 2022

Today, AES Indiana, a subsidiary of The AES Corporation (NYSE: AES), announced it joined Climate READi, a three-year initiative launched by the Electric Power Research Institute (EPRI) to address energy system climate resilience and adaptation as extreme weather events continue to increase. AES Indiana supports the Climate READi framework which will enable global energy companies, climate scientists, regulators and other stakeholders to address risks to energy networks from climate change disruption.

Climate READi: Power™ (REsilience and ADaptation initiative) convenes global thought leaders and industry stakeholders to develop a common framework to address this challenge. The Climate READi framework produced from this effort will embody one of the most comprehensive, integrated approaches to physical climate risk assessment.

By facilitating the analysis and applications of climate data, the framework will enable better planning, designing and operation of resilient energy systems of the future.

"AES Indiana is proud to join Climate READi in its work to proactively strengthen grid resilience against potential climate and weather impacts, now and in the future," said Kristina Lund, President and CEO, AES US Utilities. "Together, with the other companies that have joined the initiative, we are showing how customized energy solutions and innovative thinking can help organizations of all kinds decarbonize their operations and the grid.”

Across Central Indiana, AES Indiana is investing $1.2 billion through an initiative called revAMP, to modernize its electric grid to meet customers’ rapidly changing energy needs. These investments address the upgrade and replacement of aging equipment, hardware and other assets. In addition, the investment will provide new technology, equipment and systems, including a self-healing electric grid and “Smart” AMI meters and other technology that automatically indicate when the power is out, as well as inform estimated time of restoration during outages.

"Joining EPRI's Climate READi Initiative will help us build on our existing improvement efforts by providing valuable insights into future climate impacts, rather than relying on historical data,” said Lund. “This robust climate modeling will help inform our investments to better deliver long-term reliability for our customers."

EPRI's collaborative model will convene the global thought leaders and scientific researchers necessary to build an informed and consistent approach. AES is one of 18 companies that have joined the initiative to date.

Learn more about Climate READi here: www.epri.com/READi

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About AES Indiana

AES Indiana, an AES Company, provides retail electric service to more than 500,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, AES Indiana has supplied its customers with some of the lowest-cost, most reliable power in the country.  Connect with AES Indiana on Twitter, Facebook and LinkedIn.  For more information about how AES Indiana is accelerating the future of energy, visit aesindiana.com/hellofuture.