Welcome to our dedicated page for Avangrid news (Ticker: AGR), a resource for investors and traders seeking the latest updates and insights on Avangrid stock.
Avangrid Inc. (NYSE: AGR) operates at the intersection of regulated utilities and renewable energy innovation, serving millions across key U.S. markets. This dedicated news hub provides investors and industry observers with essential updates spanning earnings announcements, regulatory developments, and renewable energy project milestones.
Key resources include: Quarterly financial results, strategic partnership disclosures, grid modernization initiatives, and wind power expansion updates. Our curated collection ensures transparent access to material events shaping AGR's position in the evolving energy landscape.
Bookmark this page for streamlined tracking of operational developments across both utility segments - including electric/gas distribution in New York and New England - and renewable operations managing over 8.6 GW of clean energy capacity. Stay informed about critical filings, leadership updates, and sustainability commitments through verified primary sources.
Avangrid Foundation has opened applications for its 2024 Wildlife Rehabilitation Grant Program, accepting submissions until November 15, 2024. The program, which has distributed over $640,000 since 2016, supports organizations providing wildlife care and habitat protection within Avangrid's service areas. Eligible applicants must be 501(c)(3) organizations with wildlife rehabilitation as their primary mission, have over one year of operations, hold proper permits, and operate within Avangrid's service territory. Last year's funds supported various initiatives including Avian Influenza treatment, stranded seal recovery, shelter construction, and wildlife nutrition.
Avangrid (NYSE: AGR) hosted its fourth annual Digital Summit at its Connecticut headquarters, bringing together 13 leading technology providers to showcase innovative digital solutions in the energy sector. The event, themed 'Leading in Digital,' focused on advancing customer service, smartgrids, operations, and renewable energy through technologies like advanced analytics, AI, machine learning, and robotics. Notable achievements highlighted include improved reliability results from NYSEG and RG&E subsidiaries, implementation of new AI tools for customer service, and recognition for their pilot robot dog 'Sparky' with the AEIC 2024 Achievement Award.
Avangrid (NYSE: AGR) has completed installing 105,000 solar modules at its Camino Solar project in California. The 44 MWac (57 MWdc) facility will generate enough energy to power approximately 14,000 homes. The project has created about 100 local jobs during construction and is expected to generate $15 million in state and local taxes over its lifetime. Located adjacent to Avangrid's 189 MW Manzana wind farm, Camino Solar will be the company's tenth solar project and first in California. The project spans private land and over 200 acres of public lands managed by the U.S. Bureau of Land Management. Final construction phases, including electrical work and commissioning, are ongoing before grid production begins next year.
Avangrid (NYSE: AGR) has secured two lease areas in the Gulf of Maine offshore wind auction for a total of $11.1 million. The areas, OCS-A 0564 (98,565 acres) and OCS-A 0568 (124,897 acres), have the potential to deliver 3 Gigawatts of clean power to New England. Located approximately 30 nautical miles from shore, these areas feature strong wind speeds and relatively shallow waters suitable for floating wind technology. This acquisition adds to Avangrid's existing 5 GW offshore wind pipeline on the East Coast, making it the largest offshore developer in the Northeast by total acreage.
Avangrid (NYSE: AGR) hosted its 2024 Supplier Awards at its headquarters in Orange, Connecticut, recognizing six business partners for their exceptional contributions. The event, returning for the first time since 2019, honored suppliers in categories including diversity, sustainability, innovation, services, emergency excellence, and health and safety. Mortenson was named Supplier of the Year among the winners. The company highlighted its strong supply chain relationships, which result in $5 billion in annual purchases and support operations across utilities and renewables, including over 9 GW of solar and wind farms and more than 1,000 MW under construction.
Avangrid (NYSE: AGR) has achieved joint certification in ISO 14001 and ISO 45001 for its Onshore Renewables business, becoming one of the first in the Iberdrola Group to do so. Bureau Veritas auditors conducted a 31-day examination of Avangrid's renewable energy operations, visiting 10 clean energy sites and their Portland office. The audit team identified several excellence areas, including competency development programs, incident reporting platforms, and environmental health & safety metrics. Avangrid's onshore business currently operates over 9.0 GW of installed clean energy capacity across more than 75 project sites in 22 states.
Avangrid (NYSE: AGR) has completed the sale of its Kitty Hawk North offshore wind lease area to Dominion Energy for approximately $160 million. The transaction includes a 40,000-acre lease area capable of supporting 800 MW of offshore wind generation. The sale price comprises a $117 million lease acquisition payment plus development cost reimbursement.
Avangrid retains ownership of Kitty Hawk South, which has potential for 2.4 Gigawatts of power generation. The company maintains a 9 Gigawatt renewable portfolio across 25 states, including the recently selected 791 MW New England Wind 1 project in Massachusetts.
Avangrid (NYSE: AGR) has achieved a security score of 98 from SecurityScorecard, significantly surpassing the energy industry average of 86. The company excels in network and application security, addressing key vulnerabilities in the energy sector. This achievement demonstrates Avangrid's commitment to protecting its infrastructure, customers, and employees in an increasingly digital environment. The company implements a multi-layered security management approach based on the National Institute of Standards and Technology framework to protect its transmission and distribution systems across its Networks companies.
Avangrid (NYSE:AGR) has released its third quarter 2024 financial results. The company has made these results available to the public in the Investors section of its official website. Interested parties can access the financial information by visiting www.avangrid.com. This brief announcement indicates that Avangrid is maintaining transparency with its shareholders and the broader investment community by promptly sharing its quarterly performance data.
Avangrid (NYSE: AGR) has been named one of America's Greenest Companies 2025 by Newsweek, recognizing its commitment to sustainability and clean energy transition. The list evaluates companies on greenhouse gas emissions, water usage, waste generation, and sustainability data disclosure. Avangrid CEO Pedro Azagra emphasized the company's dedication to advancing safe and affordable clean energy strategies.
Avangrid's sustainability focus includes investing in network infrastructure, increasing renewable energy generation, and innovating operations. The company aims to achieve carbon neutrality for Scope 1 and 2 emissions by 2030, aligning with Iberdrola's Science Based Target initiative goal. This recognition follows other recent awards, including being named one of America's Climate Leaders by USA Today and the top utility on the 2024 JUST 100 list.
