AGR

Westinghouse Reaches a Key Milestone with Accident-Tolerant Fuel Technology

Retrieved on: 
Thursday, January 25, 2024

Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.

Key Points: 
  • Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.
  • View the full release here: https://www.businesswire.com/news/home/20240125022554/en/
    The shipment of advanced fuel, designed by Westinghouse, arriving at INL following its irradiation in a commercial nuclear power plant.
  • (Photo: Business Wire)
    Designed by Westinghouse, this new fuel technology with enhanced safety features will enable nuclear power plants to extend the generation of electricity from the current 18 months to 24 months, reducing refueling outages while delivering significant cost savings for customers and generating less spent nuclear fuel.
  • Westinghouse is a leading supplier of nuclear fuel, providing a uniquely diversified portfolio in the industry across nuclear reactor types, including PWR, BWR, AGR, and VVER.

Avangrid Foundation Provides More Than $2.8 Million in Grants in 2023

Retrieved on: 
Tuesday, January 16, 2024

The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), has announced it provided more than $2.8 million in grants to 97 different organizations during 2023 to help create a more sustainable and equitable future.

Key Points: 
  • The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid, Inc. (NYSE: AGR), has announced it provided more than $2.8 million in grants to 97 different organizations during 2023 to help create a more sustainable and equitable future.
  • This brings the Avangrid Foundation and its predecessors’ total investments to more than $38.9 million in partnerships since its founding in 2001.
  • “We invest our resources in organizations and programs that will impact the communities we serve,” said Pablo Colón, director of corporate citizenship and executive director, Avangrid Foundation.
  • Through this initiative, the Avangrid Foundation will donate $15 per employee volunteer hour to qualifying organizations, up to 100 hours per employee.

India Telecoms Industry Report 2023-2030: Mobile Subscriptions are Forecast to Grow at an Annual Average Rate of 2% from 2023 to 2030, and Fixed Broadband Subscribers at 12.6% - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 10, 2024

Growing mobile phone penetration and emerging fixed broadband take-up among households will fuel future growth over the next five years.

Key Points: 
  • Growing mobile phone penetration and emerging fixed broadband take-up among households will fuel future growth over the next five years.
  • According to the India Telecoms Report, mobile subscriptions and fixed broadband subscribers will continue to fuel the telecoms sector growth in the 2023-30 period.
  • Mobile subscriptions are forecast to grow at an annual average rate of 2% from 2023 to 2030, and fixed broadband subscribers at an average rate of 12.6% over the same period.
  • A balanced approach to growth, innovation, and regulatory frameworks will be crucial in shaping the future of telecommunications in India.

Avangrid’s Early Career Programs Named in Top 50 in the United States by RippleMatch

Retrieved on: 
Wednesday, January 10, 2024

Today Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that its early career programs have been named among the best in the United States by RippleMatch in their 2024 Campus Forward Awards.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that its early career programs have been named among the best in the United States by RippleMatch in their 2024 Campus Forward Awards.
  • Avangrid was selected among the Top 50 Midsize Early Career Programs for the company’s Internship and Global Graduate programs.
  • “Avangrid’s early career programs are the foundation of our workforce because they ensure we continue to acquire the industry’s top professionals,” said Pedro Azagra, Avangrid CEO.
  • Avangrid also earned high accolades for its Global Graduate rotational development program for early career employees.

India Telecoms Industry Report 2023-2030 - Bharti Airtel, Reliance Jio and Vodafone Idea Dominate the Market

Retrieved on: 
Friday, January 12, 2024

DUBLIN, Jan. 12, 2024 /PRNewswire/ -- The "India Telecoms Industry Report - 2023-2030" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 12, 2024 /PRNewswire/ -- The "India Telecoms Industry Report - 2023-2030" has been added to ResearchAndMarkets.com's offering.
  • According to the India Telecoms Report, mobile subscriptions and fixed broadband subscribers will continue to fuel the telecoms sector growth in the 2023-30 period.
  • The market comprises three major operators with mobile and fixed networks - Bharti Airtel, Reliance Jio, and Vodafone Idea - alongside two state-owned operators and several smaller fixed network operators.
  • A balanced approach to growth, innovation, and regulatory frameworks will be crucial in shaping the future of telecommunications in India.

Avangrid Employees Volunteer More Than 23,000 Hours in 2023

Retrieved on: 
Thursday, January 4, 2024

Avangrid (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced that its employees have volunteered more than 23,000 hours in 2023, well surpassing the company’s original goal to volunteer 14,000 hours last year.

Key Points: 
  • Avangrid (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, has announced that its employees have volunteered more than 23,000 hours in 2023, well surpassing the company’s original goal to volunteer 14,000 hours last year.
  • Led by the Avangrid Foundation, employees volunteered in 26 states across the company’s service and operating areas, supporting more than 350 organizations.
  • Through this initiative, the Avangrid Foundation donates $15 per employee volunteer hour to qualifying organizations, up to 100 hours per employee.
  • Our New York employees led the way this year, volunteering more than 7,200 hours in 2023.

CIP and Avangrid Announce First Power from Vineyard Wind 1

Retrieved on: 
Wednesday, January 3, 2024

“Soon, Vineyard Wind will be producing power equivalent to over 400,000 Massachusetts households.

Key Points: 
  • “Soon, Vineyard Wind will be producing power equivalent to over 400,000 Massachusetts households.
  • Today, we begin a new chapter and welcome 2024 by delivering the first clean offshore wind power to the grid in Massachusetts,” said Avangrid CEO Pedro Azagra.
  • Vineyard Wind 1 is jointly owned by CIP through its flagship fund, CI II and III and Avangrid.
  • In August 2022, Avangrid signed an agreement to assume responsibility as the operations and maintenance services provider for Vineyard Wind 1 once the project achieves commercial operations.

Avangrid, CIP Announce First Power from Nation-Leading Vineyard Wind 1 Project

Retrieved on: 
Wednesday, January 3, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240103149750/en/
    A GE Haliade-X Turbine Stands in the Vineyard Wind 1 Project Area South of Martha’s Vineyard.
  • Congratulations to Vineyard Wind’s determination and success.”
    “We’re thrilled that the first power from the Vineyard Wind Project has made its way to the Massachusetts grid,” said Representative Christopher Hendricks (D-New Bedford).
  • “The Vineyard Wind 1 project will provide affordable, renewable electricity that can power Massachusetts for years to come.
  • In July 2021, Vineyard Wind signed the first Project Labor Agreement for an offshore wind project in the United States, which outlined the creation of 500 union jobs though the project.

Avangrid Statement on PNM Resources, Inc. Merger

Retrieved on: 
Tuesday, January 2, 2024

AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).

Key Points: 
  • AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, issued the following statement today on the previously announced merger agreement with PNM Resources, Inc. (PNM).
  • Avangrid and PNM had obtained all the necessary regulatory approvals for the closing of the merger by the end of 2022 except the approval of the New Mexico Public Regulation Commission.
  • Avangrid has terminated the merger agreement because all final regulatory approvals were not received by December 31, 2023, the end date under the merger agreement after which either Avangrid or PNM could terminate the merger agreement if the merger had not yet been consummated.
  • Avangrid intends to continue to focus on its robust growth opportunities, with over $9 billion in incremental capital projects organically secured during the pendency of the merger.

FERC Rules in Favor of Avangrid in California Energy Crisis Litigation

Retrieved on: 
Thursday, December 21, 2023

Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.

Key Points: 
  • Today Avangrid, Inc. (NYSE: AGR) announced that the Federal Energy Regulatory Commission (FERC) issued a decision in favor of Avangrid Renewables, LLC (Renewables), an indirect, wholly-owned subsidiary of Avangrid, in the litigation related to the California energy crisis of 2000-2001.
  • The California Agencies further alleged that Renewables exercised market power that forced CDWR to pay unjust and unreasonable prices and agree to onerous, unjust and unreasonable nonprice terms.
  • Following FERC action, appeals to the Ninth Circuit and the U.S. Supreme Court and remand, FERC ordered a trial-type, evidentiary hearing to supplement the existing record.
  • Consequently, FERC found that the contract is just and reasonable and refunds for Renewables’ contract are not warranted.