AES, 5B Become Strategic Partners to Help Clients Accelerate Solar Energy Use

The AES Corporation announced today that it has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B's revolutionary MAVERICK design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same footprint of traditional solar facilities. Together, AES and 5B will help clients accelerate their use of solar energy. The total global investment in the solar energy market between 2021-2025 is projected to reach $613 billion as companies transition to greener sources of energy. 5B's MAVERICK design enables companies to make that transition more quickly and while using less land. The MAVERICK design is a pre-wired, prefabricated solar solution that is folded up, shipped to site and rolled out. The 5B approach streamlines engineering, procurement and construction for ground-mounted solar facilities. MAVERICK also removes common barriers for organizations to deploy solar resources, including the availability of land and ground penetration, making solar possible in more places while providing the flexibility to easily relocate the resources in some applications.