American Electric Power

We’re working together with our customers and communities to create the future of energy.

General Information
Company Name
American Electric Power
Founded Year
1906
Location (Offices)
Columbus, United States +1
Founders / Decision Makers
Number of Employees
11849
Industries
Energy, Financial Services, Clean Energy
Funding Stage
Grant
Social Media

American Electric Power - Company Profile

American Electric Power (AEP) is a leading energy company with a rich history, founded in 1906. AEP’s commitment to shaping the future of energy is reflected in its slogan, "We’re working together with our customers and communities to create the future of energy." The company’s dedication to reducing its carbon footprint and empowering the communities it serves is remarkable. AEP has made substantial progress in cutting its carbon dioxide emissions since 2000 and is on track to achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030, with the ultimate goal of net zero emissions by 2045. AEP's extensive transmission and distribution networks cover 11 states, underpinning its status as the owner and operator of the largest transmission system in the country. The company's continuous investment in cutting-edge technologies underscores its commitment to a clean energy transition and enhanced customer service. This is evidenced by AEP's recent $27.80M grant investment through the GRIP Program on 19 October 2023. The focus on hiring and retaining top talent, coupled with efforts to reimagine the future of work, underlines AEP’s dedication to its workforce. The company's emphasis on diversity, equity, and inclusion as core values contributes to fostering innovation. Furthermore, AEP's dedication to philanthropy and economic development in its service territory demonstrates its commitment to being a force for good in the communities it operates in. In summary, American Electric Power stands at the forefront of driving positive change in the energy industry, positioning itself as a key player in shaping a new, brighter future alongside its customers and communities.

Taxonomy: energy company, carbon footprint reduction, clean energy transition, infrastructure investment, transmission system, distribution networks, workforce development, diversity and inclusion, community development, corporate social responsibility, employee empowerment, innovation, economic impact

Funding Rounds & Investors of American Electric Power (2)

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Funding Stage Amount No. Investors Investors Date
Grant $27.80M 1 GRIP Program 19 Oct 2023
Post-IPO Equity $1.50B 3 Invenergy, Caisse de Depot et Placement du Quebec 18 Aug 2023

Latest News of American Electric Power

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