Avangrid Hosts Federal Leadership at New Bedford Marine Commerce Terminal

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]