Articles from AVANGRID

Avangrid subsidiary, Rochester Gas and Electric (RG&E) today announced the completion of upgrades on a new substation in Sodus, New York that will increase reliability and capacity for more than 3,300 residential and commercial customers in Sodus and the surrounding area. The $23 million investment is part of Avangrid and RG&E’s more than $7 billion statewide secured investments through 2030, adding to its current rate base in New York of $8 billion, to modernize critical grid infrastructure projects to meet the growing energy demands of homes and businesses and protect the community against severe weather threats.

Iberdrola is an accredited Top Employer Europe. The company has been recognised as Top Employer 2024 in Spain, the United Kingdom, Germany, France and Italy for supporting the personal and professional development of its people and its innovative HR practices. Iberdrola also received the same certification in its operations in the United States, Brazil and Mexico.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today the appointment of Ignacio Estella to senior vice president of diversity, equity, and inclusion (DEI), talent and innovation. This newly formed position will report directly to the Avangrid’s CEO, reflecting the company’s commitment to building a diverse pipeline of talent and creating a culture of inclusion and unmatched innovation.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, has partnered with a fifth-generation Oregon rancher to graze sheep at two solar farms in Oregon and Washington, and launched the largest “solar grazing” operation in the region. Solar grazing is a vegetation management method used at solar energy facilities that uses grazing livestock, like sheep, instead of machinery. Sheep are effective at limiting the growth of weeds and vegetation, cutting down on wildfire risks while replacing the use of gas-powered machines.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today that it has joined the National Veteran Business Development Council (NVBDC), an organization dedicated to providing greater access and opportunities for certified veteran-owned businesses across the United States. This partnership reinforces Avangrid’s commitment to supporting veteran entrepreneurs and fostering an inclusive and diverse supply chain.

Iberdrola has presented its global 2024 Biodiversity Report with the data and projects carried out in each country, detailing more than 1,800 actions in the last 2 years and more than 4,000 in the last 5 years.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, today celebrated the grand opening of its National Training Center (NTC) in Oregon. The NTC is a world-class facility located in Sherman County near many of Avangrid’s operating wind and solar farms, and will serve as a centralized location to train and upskill technicians working across Avangrid’s onshore renewable energy portfolio.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today it has been named Most Sustainable Company in the Clean Energy Industry by World Finance, an international publication specializing in the financial industry. This is the second consecutive year that Avangrid has been honored by World Finance for sustainability leadership.

The Avangrid Foundation, the primary philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSEAGR), has announced a $135,000 grant to Habitat for Humanity, continuing Avangrid’s longtime partnership with the organization. The funds will directly support the efforts of more than 10 local Habitat partners within Avangrid’s service areas in New York, Maine, Connecticut, Oregon, and across the United States.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and a member of the Iberdrola Group, hosted its seventh Innovation Forum today, titled “Transformative Collaboration”. The event featured some of Avangrid’s most innovative approaches to accelerating the country’s clean energy transition in both its networks and renewables businesses. Photos from the event can be downloaded here.

Today, Avangrid, Inc. (NYSEAGR), a sustainable energy company and member of the Iberdrola Group, announced the retirement of one of its longest-serving team members, Linda Fulton-Christie, who joined the workforce of Avangrid subsidiary Southern Connecticut Gas (SCG) in 1973. Avangrid CEO Pedro Azagra called Ms. Fulton-Christie to personally thank her for 51 years of service to SCG customers and to wish her well in her retirement.

Avangrid, Inc. (NYSEAGR) will be releasing its first quarter 2024 financial results on Tuesday, April 23, 2024, after the market closes. All first quarter earnings information including presentation and news release will be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of April 23rd, which will include a link to the financial results information on the company’s website.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the release of a comprehensive economic assessment, the Kitty Hawk Wind: Economic & Fiscal Impact report. The report finds that the Kitty Hawk Wind project will deliver approximately $4.8 billion in economic impact across Virginia, including $1.2 billion in the City of Virginia Beach. As part of this larger economic benefit, the report calculates that the City of Virginia Beach, which would serve as the host community for the interconnection of the project to the power grid, would realize $275 million in property tax revenue, averaging about $7 million per year over 40 years, through the development, construction, and operation of the project. These new revenue streams can be used to support critical municipal services and investment in capital projects throughout the community.

Avangrid, Inc. (NYSEAGR), a leading sustainabile energy company and member of the Iberdrola Group, has announced that it will use a non-pipes alternative (NPA) solution in Irondequoit, NY to realize Avangrid’s first Whole Home Electrification Program project. The project, in Rochester Gas and Electric’s (RG&E) service area, will result in the removal of 119 feet of leak-prone gas main to ultimately achieve electrification of three homes via an NPA solution.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, today was recognized for the fourth consecutive year on the annual JUST 100—a list of America’s best corporate citizens published by JUST Capital and its media partner CNBC. This year Avangrid earned the top rank among utilities, up from second in 2023, and improved its overall ranking to 12, up from 45 in 2023, for its commitment to serving its workers, customers, communities, the environment, and shareholders.

Avangrid (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, has announced that its employees have volunteered more than 23,000 hours in 2023, well surpassing the company’s original goal to volunteer 14,000 hours last year. Led by the Avangrid Foundation, employees volunteered in 26 states across the company’s service and operating areas, supporting more than 350 organizations.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, recently celebrated the energy industry’s next generation of talent during its annual Clean Energy Hackathon. The event attracted more than 40 students from seven leading northeast universities to participate in a competition to solve some of the energy sector’s biggest challenges with the top three teams earning cash prizes.

Avangrid, Inc. (NYSEAGR) posted its third quarter 2023 earnings release and presentation in the Investors section of the Company’s website. Interested parties can access using the following link: www.avangrid.com.

Avangrid, Inc. (NYSEAGR) will be releasing its third quarter 2023 financial results on Wednesday, October 25, 2023, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of October 25th, which will include a link to the financial results news release on the company’s website.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has been named to Smart Electric Power Alliance’s (SEPA) 2030 Club for being among the country’s leading utilities with the most aggressive carbon reduction commitments. This initiative aims to not only recognize these utilities for their targets, but also provide benchmarking and best practices for utilities that are preparing to meet their own carbon reduction targets.

When Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, launched its expanded Supplier Diversity Program last year, its aim was to proactively support small and diverse suppliers and ensure the company’s supply chain reflects the customers, communities and economies that it serves. While this goal has not changed, several bonus benefits are emerging—including that the program has become a pathway to creativity and innovation.

When describing the day-to-day work of an electric utility, ‘pushing the boundaries of technology’ might not be the first descriptor that comes to mind. However, Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, is looking to change that. Avangrid has launched a Data Science and Analytics team aimed at developing unique and proprietary artificial intelligence (AI) systems that are focused on improving reliability for customers. Once complete, these machine learning models will change how the company approaches grid investments, equipment upgrades, storm forecasting and more.

Today AVANGRID, Inc. (NYSEAGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable October 2, 2023 to shareholders of record at the close of business on September 1, 2023.

Avangrid, Inc. (NYSEAGR) will be releasing its second quarter 2023 financial results on Wednesday, July 26, 2023, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of July 26th, which will include a link to the financial results news release on the company’s website.

Avangrid, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has received two honors from World Finance: Most Sustainable Company in the Electric Services Industry and Best Corporate Governance. This is the fourth time World Finance, an international publication specializing in the financial industry, has recognized Avangrid for its governance leadership.

Ignacio Galán, the Executive Chairman of Iberdrola, and Chairman of its U.S. subsidiary Avangrid, Inc. (NYSEAGR), has become the inaugural recipient of The Foreign Policy Association’s ESG Leadership Award during their annual dinner at New York’s Harvard Club.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, today announced a meaningful contribution to Yale University to support innovative research projects focused on advancing the clean energy transition.

AVANGRID, a leading sustainable energy company and part of the Iberdrola Group, is the newest corporate sponsor of New Mexico Agriculture in the Classroom (NMAITC). As a Gold Apple Sponsor, their $10,000 contribution will help NMAITC enhance its agricultural literacy efforts among Pre-K-12th grade New Mexico classroom teachers and their students.

AVANGRID (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has achieved commercial operation at its 162 MWac (205 MWdc) Pachwáywit Fields solar farm (also known as Montague Solar) in Gilliam County, Oregon, becoming the state’s largest photovoltaic plant. The facility will deliver clean, renewable energy to large customers and municipalities enrolled in Portland General Electric’s (PGE) Green Future Impact program, allowing them to meet their ambitious sustainability and carbon reduction goals.

AVANGRID, Inc. (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, today released its 2022 Sustainability Report, titled “Investing in a Clean Energy Future for All,” which details that the company met or exceeded 85% of its 2022 Environmental, Social, Governance and Financial Stewardship (ESG+F) goals. The report also indicated AVANGRID is on track to meet its ambitious long-term ESG+F goals by demonstrating clear progress and actions underway to support their achievement. This includes AVANGRID’s industry-leading 2030 carbon neutrality targets for scopes 1 and 2 and its commitment to reach 16.9 GW emissions-free installed capacity by 2030.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, today joined the California Independent System Operator’s (CAISO) Western Energy Imbalance Market (WEIM) as the first generation-only entity. As a WEIM market participant, AVANGRID will support and strengthen the energy system of 11 Western states with almost 2 GW of installed emissions-free capacity from facilities that the company operates in the region.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, has announced today the signing of a power purchase agreement (PPA) with Meta to procure renewable energy from True North, a 240 MW solar farm under development in Falls County, Texas, and AVANGRID’s first solar facility in the state.

AVANGRID (NYSEAGR), a leading sustainable energy company and member of the Iberdrola Group, has announced today that it has achieved commercial operation at its 150-Megawatt (MW) Lund Hill solar farm in Klickitat County, Washington, the state’s largest photovoltaic plant. The facility will supply Puget Sound Energy’s Green Direct program, which allows large commercial and governmental participants the ability to purchase 100 percent of their energy from dedicated, local renewable energy resources.

The Avangrid Foundation, the primary philanthropic arm of leading sustainable energy company AVANGRID, Inc. (NYSEAGR), today announced a record total of $136,000 in grants to 15 wildlife rehabilitation centers as part of its Wildlife Rehabilitation Program. This is the highest amount of grants ever given in the program’s history. The funds will support operational capabilities and expand outreach to communities within the service area of the AVANGRID family of companies to improve knowledge and awareness of wildlife resources.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding the Bureau of Ocean Energy Management’s (BOEM) Draft Environmental Impact Statement (DEIS) on AVANGRID’s New England Wind Offshore project, consisting of the 1232 Megawatt (MW) Commonwealth Wind and 804 MW Park City Wind projects.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding its clean energy investments in Massachusetts and the path forward for the Commonwealth Wind project.

As a result of the ongoing global energy crisis and associated price increases, United Illuminating today is encouraging its customers to explore the assistance programs available through the company, including payment plans, winter protection, and bill forgiveness for those that qualify.

A diverse array of technology leaders converged at the Connecticut headquarters of AVANGRID (NYSEAGR) last week to showcase the latest in digital solutions for the energy sector as part of AVANGRID’s second annual Digital Summit.

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, released the following statement regarding its motion, filed with the Massachusetts Department of Public Utilities (DPU), seeking a one-month suspension in the Department’s review of the Power Purchase Agreements for the Commonwealth Wind project (DPU Dockets 22-70, 22-71, 22-72).

AVANGRID (NYSEAGR), a leading sustainable energy company and part of the Iberdrola Group, hosted its sixth annual Innovation Forum yesterday, entitled “Accelerating the Transformation”, which featured some of AVANGRID’s most innovative approaches to converting the grid to green power.

Today, NECEC Transmission LLC and Avangrid Networks, Inc., subsidiaries of AVANGRID, Inc. [NYSE: AGR] filed a lawsuit in Maine Superior Court challenging the citizens’ initiative (Question 1) voted on yesterday.