Avangrid, Inc.
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ROIC.AI
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- Avangrid, Inc. Avangrid, Inc. (AGR) operates as a leading energy services holding company focused on regulated electricity transmission and distribution; natural gas distribution, transportation, and sales; and renewable energy generation across the United States. The company conducts business through two primary segments, Networks and Renewables; the Networks segment owns and operates eight electric and natural gas utilities—including New York State Electric & Gas Corporation (NYSEG), Rochester Gas and Electric Corporation (RG&E), Central Maine Power Company (CMP), The United Illuminating Company (UI), Connecticut Natural Gas Corporation (CNG), The Southern Connecticut Gas Company (SCG), Maine Natural Gas Corporation (MNG), and The Berkshire Gas Company (BGC)—serving more than 3.4 million customers primarily in New York and New England; the Renewables segment owns and operates approximately 80 energy generation facilities producing 10.5 gigawatts of power, mainly from onshore wind, as well as solar, biomass, and thermal sources, delivering output to investor-owned utilities, public utilities, federal and state agencies, and wholesale customers across 23 states. Avangrid, Inc. targets residential, commercial, industrial, and institutional customers with reliable energy delivery and grid infrastructure management; it maintains approximately $48 billion in assets, employs around 8,000 people, and conducts operations nationwide with offices in Connecticut, New York, Massachusetts, Maine, and Oregon. Incorporated in 1997 and headquartered in Orange, Connecticut, the company functions as a subsidiary of Iberdrola, S.A. In late 2024, Iberdrola, S.A. completed its acquisition of the remaining 18.4% of Avangrid, Inc. shares for $35.75 per share, taking the company private while retaining its Connecticut headquarters and enabling more efficient investments in grid modernization and renewable projects to meet rising demand from utilities and data centers; in August 2025, Avangrid, Inc. signed a power purchase agreement with SmartestEnergy for 72 megawatts from its Lempster and Groton wind facilities in New Hampshire; the company continues construction and development of key renewable assets, including the Vineyard Wind 1 offshore project and the 120-megawatt Tower Solar project in Oregon.
Avangrid Executes PPA with Microsoft for New 140 MW Solar Project in Washington; U.S. Contracts Now Exceed 500 MW
Avangrid and Puget Sound Energy Sign Contract for Washington Energy Project
Avangrid Partners with Clarkson to Advance Grid Research
Avangrid and Xcel Energy Extend Offtake Agreement for 150 MW Power Project in the Midwest
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Avangrid CEO Pedro Azagra Appointed CEO of The Iberdrola Group
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Avangrid Increases Investment with U.S. Suppliers to $4.3 Billion in 2024
Avangrid Deploys UI Crews to Pennsylvania to Assist with Storm Response and Restoration
Avangrid Honored as Stevie Award Winner in 2025 American Business Awards
Avangrid Foundation and Central Maine Power join Kennebec Valley Community College to Celebrate Lineworker Program Milestone
ICYMI: Avangrid CEO Pedro Azagra Discusses Grid Investment at Global Power Markets Conference
Avangrid and CPS Energy Expand Relationship to Provide Energy for Another 40,000 San Antonio Residents
Avangrid Brings Together Energy Leaders to Pursue Innovation in Grid Modernization, AI, and Resiliency
Avangrid Wins Eddy Award for Fifth Time in Five Years
PHP offer for Assure 'preferred option for shareholders', say analysts
Avangrid Delivers First Energy from Powell Creek Solar Project to Ohio Grid, Supporting Putnam County with Jobs and Investment
Avangrid Foundation Supported 89 Charitable Organizations Across the U.S. in 2024
Avangrid True North Solar Farm Achieves Commercial Operation, Its Largest Solar Project To Date