ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, has been recognized for the sixth consecutive year as one of the World’s Most Ethical Companies year by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Avangrid is one of only eight honorees globally in the Energy and Utilities sector in 2024. “Ethics are not just a set of rules, they are the moral compass that guides our ...

Core Viewpoint - Avangrid, Inc. has been recognized for the first time in Barron's 100 Most Sustainable Companies list, highlighting its commitment to sustainability through high scores in various ESG metrics [1] Group 1: Recognition and Rankings - Avangrid was named to Barron's 100 Most Sustainable Companies, achieving high scores across 230 ESG metrics [1] - The company was also ranked first among utilities and 12th overall in JUST Capital's annual JUST 100 for the fourth consecutive year [2] Group 2: Company Profile - Avangrid operates with approximately $44 billion in assets across 24 U.S. states, focusing on networks and renewables [3] - The company serves over 3.3 million customers through its electric and natural gas utilities [3] - Avangrid employs around 8,000 people and has been recognized as one of the JUST 100 companies for four consecutive years [3] - The company supports the U.N.'s Sustainable Development Goals and has been named among the World's Most Ethical Companies for five consecutive years [3]

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that is has earned the Cultural Transformation Award from the Smart Energy Consumer Collaborative (SECC) for developing the company’s Customer Experience and Digital Center of Excellence. This recognition is part of SECC’s 2024 Best Practice Awards, which highlight innovative ways that electricity providers are improving customer experience and engagement and re ...

Core Insights - Avangrid, Inc. is leading the Vineyard Wind 1 project, the first large-scale offshore wind project in the United States, with operations centered at the New Bedford Marine Commerce Terminal [2][4] - The project aims to generate electricity for over 400,000 homes and businesses in Massachusetts, create significant job opportunities, and reduce carbon emissions substantially [5] Company Overview - Avangrid, Inc. operates with approximately $44 billion in assets across 24 U.S. states, focusing on networks and renewables [6] - The company serves over 3.3 million customers through its electric and natural gas utilities and has been recognized for its corporate citizenship and ethical practices [6][7] Project Details - Vineyard Wind 1 is an 806-megawatt project located 15 miles off Martha's Vineyard, expected to save customers $1.4 billion over the first 20 years of operation [5] - The project has created 937 union jobs, exceeding its initial commitment of 500 jobs through a Project Labor Agreement [4] Operational Significance - The New Bedford Marine Commerce Terminal is crucial for staging and coordinating offshore operations, ensuring safety and efficiency in the deployment of wind farm assets [3][4] - The control center at the terminal manages assets located offshore and provides vital information for developers [3]

Core Insights - Kraken has partnered with United Illuminating (UI) to launch an intelligent energy management solution aimed at reducing energy consumption for households by 15-20 percent, set to launch in June 2024 [1][2] - The initiative aligns with Connecticut's climate goal of a 45 percent reduction in greenhouse gas emissions by 2030 [1] - The program allows households to save up to 30 percent on their monthly electric bills, translating to $120-$200 per device [2] Company Overview - Kraken Technologies operates a comprehensive energy management platform and is currently managing 155,000 domestic devices globally, totaling over 38.35 GW of contracted power [3] - The company aims to serve 100 million energy accounts by 2027, with 10% of these in North America [3] - Kraken's platform is contracted to serve 54 million customer accounts worldwide, with significant operations in the UK, Japan, US, New Zealand, Australia, and mainland Europe [5] Partnership Details - The partnership with UI is part of the Connecticut Public Utilities Regulatory Authority's Innovative Energy Solutions Program, focusing on creating a decarbonized and equitable electric grid [2] - A 20 percent adoption rate among UI's customer base could provide over 450 MW of flexible load to the Connecticut region, helping to alleviate grid stress and prevent blackouts [2] - The collaboration is expected to enhance customer-centric energy management and contribute to the sustainability goals of Connecticut [3]

ORANGE, Conn.--(BUSINESS WIRE)--The Avangrid Foundation, the primary philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), today announced a record total of $140,000 in grants to 15 wildlife rehabilitation centers as part of its Wildlife Rehabilitation Program. Now in its eighth year, Avangrid Foundation’s Wildlife Rehabilitation Program has given a total of more than $650,000 in grants to centers nationwide. “Climate change is rapidly altering our ecosystems, creating signi ...

Avangrid, Inc. (NYSE:AGR) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Company Participants Charlotte Ancel - Vice President, Investor Relations Pedro Azagra - Chief Executive Officer Justin Lagasse - Chief Financial Officer & Controller Catherine Stempien - President & Chief Executive Officer, Avangrid Networks Conference Call Participants David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Bank of America Anthony Crowdell - Mizuho Securities Michael Sullivan - Wolfe Angie Storozynski - ...

BOSTON--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment and in offshore wind development through its affiliate Vineyard Offshore, today announced that the developers have powered up the first five GE Haliade-X turbines for the nation-leading Vineyard Wind 1 project, delivering clean energy to 30,000 homes and businesses in Massachusetts. Vineyard Wind ...

2023 Results Presentation 2023 Results Legal Notice Presentation FORWARD LOOKING STATEMENTS Certain statements in this presentation may relate to our future business and financial performance and future events or developments involving us and our subsidiaries that are not purely historical and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “ ...

Core Insights - Avangrid, Inc. has announced its first Whole Home Electrification Program project in Irondequoit, NY, utilizing a non-pipes alternative (NPA) solution to electrify three homes by removing 119 feet of leak-prone gas main [1] - The project aligns with Avangrid's commitment to decarbonization and supports New York's climate and clean energy targets, including a goal to reduce greenhouse gas emissions by 40% by 2030 [1] - The Whole Home Electrification Program aims to replace leak-prone gas mains and provide electrification solutions at no cost to customers through combined incentives [2] Company Overview - Avangrid, Inc. is a leading sustainable energy company with approximately $41 billion in assets, operating in 24 U.S. states and serving over 3.3 million customers [5] - The company has two primary business lines: networks and renewables, and employs more than 7,500 people [5] - Avangrid has been recognized as one of America's best corporate citizens and ranked first among utilities in the JUST 100 list for 2024 [5]