A diversified energy and utility company providing electric and natural gas services, with a strong commitment to renewable energy and sustainability.
Avangrid, Inc., headquartered in Orange, Connecticut, is a leading energy services holding company in the United States, focusing on regulated energy transmission and distribution as well as renewable energy generation. Operating through its two main segments, Networks and Renewables, Avangrid plays a pivotal role in the generation, transmission, and distribution of electricity, along with the distribution, transportation, and sale of natural gas.
The company's Networks segment dellivers natural gas and electricity to residential, commercial, and institutional customers across New York, Maine, Connecticut, and Massachusetts through its regulated utilities. Avangrid serves a substantial customer base, with eight electric and natural gas utilities catering to approximately 3.3 million customers in New York and New England. This segment ensures reliable energy delivery and infrastructure maintenance in these regions.
In the Renewables segment, Avangrid operates renewable energy generation facilities primarily utilizing onshore wind power, complemented by solar, biomass, and thermal power. The company boasts an impressive renewable energy capacity, owning and operating 9.2 gigawatts of electricity across 22 states. Avangrid sells its renewable energy output to investor-owned utilities, public utilities, and other credit-worthy entities, contributing significantly to the growth of clean energy in the U.S.
Founded in 1997 and a subsidiary of Iberdrola, S.A., Avangrid also generates and provides power and services to federal and state agencies, as well as institutional retail and joint action agencies. Additionally, the company delivers thermal output to wholesale customers in the Western United States, further diversifying its energy portfolio. Avangrid's commitment to sustainable energy solutions and infrastructure reliability positions it as a key player in the American energy sector.