Avangrid Subsidiary Awarded $31.8M Federal Grant to Deploy Cutting Edge Grid Technology
Avangrid's subsidiary, Central Maine Power (CMP), has been awarded a $31.8 million federal grant to deploy innovative grid technologies in Maine. The grant, funded by the Bipartisan Infrastructure Law, will support the implementation of Active Network Management (ANM) and Dynamic Line Rating (DLR) to enhance renewable energy integration and grid protection. This award brings Avangrid's total federal funding to nearly half a billion dollars in one year, including projects like the Aroostook Renewable Project and the Shaw Mill Project.
The smart grid technologies will help connect more clean energy to Maine's power grid while preventing overloading, supporting the state's climate goals. Governor Janet Mills emphasized the importance of strengthening and modernizing Maine's electrical infrastructure to reduce fossil fuel dependence and embrace clean energy. The grant is part of the U.S. Department of Energy's Grid Resilience and Innovation Partnerships (GRIP) program and aligns with Maine's Flexible Interconnections and Resilience for Maine (FIRM) project.
La filiale di Avangrid, Central Maine Power (CMP), ha ricevuto un contributo federale di 31,8 milioni di dollari per implementare tecnologie innovative nella rete elettrica del Maine. Il finanziamento, fornito dalla Bipartisan Infrastructure Law, sosterrà l'implementazione di Gestione Attiva della Rete (ANM) e Valutazione Dinamica delle Linee (DLR) per migliorare l'integrazione dell'energia rinnovabile e la protezione della rete. Questo riconoscimento porta il finanziamento federale totale di Avangrid a quasi mezzo miliardo di dollari in un anno, inclusi progetti come l'Aroostook Renewable Project e lo Shaw Mill Project.
Le tecnologie della smart grid aiuteranno a collegare maggiori quantità di energia pulita alla rete elettrica del Maine, prevenendo il sovraccarico e supportando gli obiettivi climatici dello stato. La Governatrice Janet Mills ha sottolineato l'importanza di rafforzare e modernizzare l'infrastruttura elettrica del Maine per ridurre la dipendenza dai combustibili fossili e abbracciare l'energia pulita. Il finanziamento fa parte del programma Grid Resilience and Innovation Partnerships (GRIP) del Dipartimento dell'Energia degli Stati Uniti e si allinea con il progetto Flexible Interconnections and Resilience for Maine (FIRM).
La subsidiaria de Avangrid, Central Maine Power (CMP), ha recibido una para implementar tecnologías innovadoras de red en Maine. La subvención, financiada por la Ley Bipartidista de Infraestructura, apoyará la implementación de Gestión Activa de Redes (ANM) y Calificación Dinámica de Líneas (DLR) para mejorar la integración de energía renovable y la protección de la red. Este premio lleva el financiamiento federal total de Avangrid a casi medio billón de dólares en un año, incluidos proyectos como el Aroostook Renewable Project y el Shaw Mill Project.
Las tecnologías de smart grid ayudarán a conectar más energía limpia a la red eléctrica de Maine mientras se previene la sobrecarga, apoyando los objetivos climáticos del estado. La Gobernadora Janet Mills enfatizó la importancia de fortalecer y modernizar la infraestructura eléctrica de Maine para reducir la dependencia de los combustibles fósiles y adoptar la energía limpia. La subvención es parte del programa de Asocios para la Resiliencia e Innovación de Redes (GRIP) del Departamento de Energía de EE. UU. y está alineada con el proyecto de Interconexiones Flexibles y Resiliencia para Maine (FIRM).
Avangrid의 자회사인 Central Maine Power (CMP)는 메인에서 혁신적인 그리드 기술을 배치하기 위해 3,180만 달러의 연방 보조금을 수여받았습니다. 이 보조금은 초당파 인프라 법에 의해 자금 지원되며, 재생 가능 에너지 통합 및 그리드 보호를 강화하기 위한 능동 네트워크 관리(ANM) 및 동적 선로 등급(DLR)의 구현을 지원합니다. 이 수상으로 Avangrid의 총 연방 자금은 1년 만에 5억 달러에 가까운 규모로 증가했습니다. 포함된 프로젝트에는 Aroostook Renewable Project와 Shaw Mill Project가 있습니다.
스마트 그리드 기술은 메인의 전력망에 더 많은 청정 에너지를 연결하는 데 도움을 주며 과부하를 방지하고 주의 기후 목표를 지원합니다. 재닛 밀스 주지사는 화석 연료 의존도를 줄이고 청정 에너지를 수용하기 위해 메인의 전기 인프라를 강화하고 현대화하는 것이 중요하다고 강조했습니다. 이 보조금은 미국 에너지부의 그리드 탄력성과 혁신 파트너십(GRIP) 프로그램의 일환이며, 메인의 유연한 상호 연결 및 탄력성(FIRM) 프로젝트와 일치합니다.
La filiale d'Avangrid, Central Maine Power (CMP), a reçu une subvention fédérale de 31,8 millions de dollars pour déployer des technologies de réseau innovantes dans le Maine. Cette subvention, financée par la Loi bipartisane sur les infrastructures, soutiendra la mise en œuvre de Gestion Active du Réseau (ANM) et Évaluation Dynamique des Lignes (DLR) pour améliorer l'intégration des énergies renouvelables et la protection du réseau. Cette récompense porte le financement fédéral total d'Avangrid à près de 500 millions de dollars en un an, y compris des projets tels que l'Aroostook Renewable Project et le Shaw Mill Project.
Les technologies de smart grid aideront à connecter davantage d'énergie propre au réseau électrique du Maine tout en évitant les surcharges, soutenant les objectifs climatiques de l'État. La gouverneure Janet Mills a souligné l'importance de renforcer et de moderniser l'infrastructure électrique du Maine pour réduire la dépendance aux combustibles fossiles et adopter les énergies propres. La subvention fait partie du programme de Partenariats pour la Résilience et l'Innovation des Réseaux (GRIP) du Département de l'Énergie des États-Unis et est en accord avec le projet d'Interconnexions Flexibles et de Résilience pour le Maine (FIRM).
Die Tochtergesellschaft von Avangrid, Central Maine Power (CMP), wurde mit einem Bundeszuschuss von 31,8 Millionen Dollar ausgezeichnet, um innovative Netzwerk-technologien in Maine einzuführen. Der Zuschuss, der durch das Bipartisan Infrastructure Law finanziert wird, unterstützt die Umsetzung von Aktivem Netzwerk Management (ANM) und Dynamischer Leitungsbewertung (DLR), um die Integration erneuerbarer Energien und den Schutz des Netzes zu verbessern. Diese Auszeichnung bringt die Gesamtsumme der Bundesmittel von Avangrid auf fast eine halbe Milliarde Dollar innerhalb eines Jahres, einschließlich Projekte wie das Aroostook Renewable Project und das Shaw Mill Project.
Die Smart-Grid-Technologien werden helfen, mehr saubere Energie mit dem Stromnetz von Maine zu verbinden und Überlastungen zu verhindern, während die Klimaziele des Bundesstaates unterstützt werden. Gouverneurin Janet Mills betonte die Bedeutung der Stärkung und Modernisierung der elektrischen Infrastruktur von Maine, um die Abhängigkeit von fossilen Brennstoffen zu verringern und saubere Energie zu fördern. Der Zuschuss ist Teil des Programms für Netzresilienz und Innovationspartnerschaften (GRIP) des US-Energieministeriums und steht im Einklang mit dem flexiblen Interconnections and Resilience for Maine (FIRM) Projekt.
- CMP awarded $31.8 million federal grant for smart grid technologies
- Total federal awards for Avangrid in Maine reach nearly $500 million in one year
- Implementation of ANM and DLR to enhance renewable energy integration
- Support for Maine's climate goals and clean energy transition
- None.
Insights
The
The cumulative federal funding of nearly
For Avangrid and its stakeholders, this funding not only supports infrastructure development but also positions the company as a key player in the state's energy transition. The focus on smart grid technologies and renewable energy integration could lead to long-term operational efficiencies and potential revenue growth as the energy landscape evolves.
This grant is a clear indicator of the federal government's commitment to accelerating the transition to clean energy through grid modernization. The Bipartisan Infrastructure Law's Grid Resilience and Innovation Partnerships (GRIP) program is proving to be a important mechanism for funding these initiatives.
The Flexible Interconnections and Resilience for Maine (FIRM) project, led by the Governor's Energy Office, demonstrates strong state-level support and coordination with federal objectives. This alignment between state and federal policies creates a favorable environment for clean energy development and could attract further investment in Maine's renewable energy sector.
For investors, this signals a positive long-term outlook for companies like Avangrid that are actively participating in grid modernization and renewable energy integration. The consistent flow of federal funding into these projects suggests a stable policy environment that could support sustained growth in the clean energy sector, potentially leading to increased shareholder value over time.
Grant from
When deployed, smart grid technologies will help connect more renewable energy to Central Maine Power’s electric grid
These initiatives are being driven at the state-level in
“Our ability to connect more clean, affordable energy to Maine’s power grid is critical to meeting the state’s climate goals,” said Pedro Azagra, Avangrid CEO. “Over the past year, CMP and Avangrid have received nearly a half billion dollars in federal awards that will directly benefit our customers. I want to extend our gratitude to Governor Mills, Secretary Granholm, and Maine’s Congressional Delegation for their ongoing support as we continue to combat extreme weather and build smarter, stronger, and more resilient energy infrastructure for Maine.”
“In order to reduce our dependence on fossil fuels and embrace clean energy, we must make sure that
This grant from the
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October 2024: Flexible Interconnections and Resilience for
Maine (FIRM). Central Maine Power was selected to receive a$31.8 million -
September 2024: Aroostook Renewable Project. Avangrid was selected to receive a
$425 million -
July 2024: Shaw Mill Project. Central Maine Power was selected to receive a
$1.6 million Maine . -
October 2023: Enhancing Utility Resilience in America's Most Forested State. Central Maine Power was selected to receive a
$30.3 million
“A strong, modern electrical grid is essential for unlocking affordable, reliable, clean energy for
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241018657937/en/
Media:
Jon Breed
jonathan.breed@avangrid.com
(207) 458-3510
Source: AVANGRID, Inc.
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