AGR

Avangrid Hosts its First Ever Supplier Diversity Summit

Retrieved on: 
Thursday, October 12, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Multimedia, Inclusion, NYSE, Sustainability, Wind, Intersex, Diversity, Equity, Summit, Eaton, Queer, Disability, Environment, AGR, Supplier, Insurance, Distribution (marketing), Online shopping, Renewable energy, Avangrid

The event proactively connected diverse suppliers with Avangrid contacts and increased the overall visibility of Avangrid’s Supplier Diversity Program as the company moves to increase its supplier diversity spend to $300 million by 2025.

Key Points: 
  • The event proactively connected diverse suppliers with Avangrid contacts and increased the overall visibility of Avangrid’s Supplier Diversity Program as the company moves to increase its supplier diversity spend to $300 million by 2025.
  • Avangrid launched its expanded Supplier Diversity Program last year and added staff dedicated to proactively supporting diverse suppliers.
  • “Supplier diversity has always been something that is top of mind for me,” said Dominick Manno, Director of Sustainability & Supplier Diversity at Avangrid.
  • Now my journey has come full circle as I lead the Supplier Diversity Program at Avangrid.

Westinghouse to Design Fuel for Rolls-Royce’s Small Modular Reactor

Retrieved on: 
Wednesday, October 11, 2023
Nuclear, Energy, Multimedia, CO2, Westinghouse Electric Company, BWR, SMR, Springfields, The Electric Company, Rolls-Royce SMR, Nuclear fuel, Generic, VVER, AGR, GDA, Westinghouse, PWR, Office for Nuclear Regulation, Uranium mining, Renewable energy

Westinghouse Electric Company announced today an agreement with Rolls-Royce SMR Ltd to support the development and the design of the nuclear fuel for Rolls-Royce’s Small Modular Reactor program.

Key Points: 
  • Westinghouse Electric Company announced today an agreement with Rolls-Royce SMR Ltd to support the development and the design of the nuclear fuel for Rolls-Royce’s Small Modular Reactor program.
  • View the full release here: https://www.businesswire.com/news/home/20231011445475/en/
    The Westinghouse Springfields site has manufactured world-class nuclear fuel and related products and services for nearly 75 years.
  • “Westinghouse has a strong heritage and unrivalled experience in nuclear fuel design and manufacturing.
  • Westinghouse is proud to bring its generations of experience designing and manufacturing fuel in the U.K.,” said Tarik Choho, Westinghouse President of Nuclear Fuel.

Avangrid Schedules Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 4, 2023
Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Business Wire, AGR, Business, News, NYSE, Cryptocurrency, Risk management, Avangrid

Avangrid, Inc. (NYSE:AGR) will be releasing its third quarter 2023 financial results on Wednesday, October 25, 2023, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors .

Key Points: 
  • Avangrid, Inc. (NYSE:AGR) will be releasing its third quarter 2023 financial results on Wednesday, October 25, 2023, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors .
  • The company will issue an advisory news release over Business Wire the evening of October 25th, which will include a link to the financial results news release on the company’s website.
  • In conjunction with the earnings release, Avangrid will conduct a webcast conference call with financial analysts on Thursday, October 26, 2023, beginning at 10:00 A.M.
  • Avangrid’s Executive team will present an overview of the financial results followed by a question and answer session.

Avangrid Statement on Announcement of Northeast States Regional Procurement for Offshore Wind Power

Retrieved on: 
Wednesday, October 4, 2023
Environment, Environmental Policy, Environmental Issues, Other Energy, Environmental Health, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, Acceleration, Wind, AGR, Joe Biden, Investment, NYSE, Azagra, Renewable energy

Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement on announcement of northeast states regional procurement for offshore wind power:

Key Points: 
  • Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement on announcement of northeast states regional procurement for offshore wind power:
    “Avangrid commends Governor Maura Healey, Governor Ned Lamont, and Governor Daniel McKee for their forward-thinking and collaborative approach in announcing that Massachusetts, Connecticut, and Rhode Island will move forward with joint regional procurement for 6,000 megawatts of offshore wind power.
  • At this critical time for the industry in the United States, as well as the rapid acceleration of the climate crisis, this bold procurement strategy rises to the level of urgency the moment demands while providing offshore wind developers an opportunity to leverage economies of scale that will unlock more competitive bids and the potential for greater investments in local development and job creation.
  • “We look forward to reviewing the final details of the procurement structure and to building on our success leading the development of the nation’s first utility scale offshore wind project, Vineyard Wind 1, which is currently moving forward with turbine installation campaign with the goal of delivering first power this year.
  • “We are grateful to the northeast states for their commitment to advancing the President’s ambitious 30 Gigawatt by 2030 goal, and for the support of our federal partners and the Biden Administration.”

Westinghouse to Supply the Most Advanced BWR Nuclear Fuel to Large U.S. Utility

Retrieved on: 
Wednesday, October 4, 2023
Other Energy, Utilities, Environment, Manufacturing, Energy, Other Manufacturing, Nuclear, Partnership, AGR, Nuclear fuel, Multimedia, BWR, VVER, The Electric Company, Engineering, Westinghouse Electric Company, PWR, Uranium mining, Westinghouse

This milestone marks the re-entry of Westinghouse into America’s BWR fuel market for the first time since 2016.

Key Points: 
  • This milestone marks the re-entry of Westinghouse into America’s BWR fuel market for the first time since 2016.
  • View the full release here: https://www.businesswire.com/news/home/20231004599261/en/
    The TRITON11® fuel assembly is Westinghouse’s optimized and robust BWR fuel design, offering unmatched fuel cycle economic and performance benefits.
  • (Photo: Business Wire)
    The TRITON11® fuel assembly is Westinghouse’s optimized and robust BWR fuel design which offers unmatched fuel cycle economic and performance benefits.
  • “We are very pleased to strengthen further our long-standing partnership with U.S. utilities and to bring back the most advanced BWR fuel to America’s reactors,” said Tarik Choho, Westinghouse President of Nuclear Fuel.

Avangrid Statement on Park City Wind Offshore Project

Retrieved on: 
Tuesday, October 3, 2023
Alternative Energy, Energy, Other Energy, Utilities, Power purchase agreement, Wind, AGR, NYSE, Renewable energy, Avangrid

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement regarding the filing of agreements with the Connecticut Electric Distribution Companies to terminate power purchase agreements for the Park City Wind offshore project.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement regarding the filing of agreements with the Connecticut Electric Distribution Companies to terminate power purchase agreements for the Park City Wind offshore project.
  • “One year ago, Avangrid was the first offshore wind developer in the United States to make public the unprecedented economic headwinds facing the industry including record inflation, supply chain disruptions, and sharp interest rate hikes, the aggregate impact of which rendered the Park City Wind project unfinanceable under its existing contracts.
  • “Since that time, Avangrid has been transparent and collaborative, working diligently with state and federal officials and stakeholders to find solutions to the economic challenges facing Park City Wind as we continued to advance the permitting and development of the project.
  • After exploring all potential solutions to the financial challenges facing the project, and engaging in good-faith and productive discussions with Connecticut state officials regarding these challenges, it is clear the best path forward for Park City Wind is in the termination of the Power Purchase Agreements and a rebid of the project.

Avangrid’s Digital Summit Showcases the Technologies Shaping the Future of the Energy Industry

Retrieved on: 
Monday, October 2, 2023
Technology, Other Energy, Utilities, Oil, Gas, Software, Alternative Energy, Networks, Energy, Internet, Data Management, IBM, Amazon Web Services, Partnership, AGR, IEA, Life, PwC, Ernst & Young, International Energy Agency, Information, Utility, Microsoft, Innovation, NTT DATA, Multimedia, SAP, Top, Architecture, Organization, Investment, Machine learning, Pleasure, CO2, Artificial intelligence, NTT Data, Digital, NTT, Robotics, NYSE, Accenture, Online shopping, Renewable energy, Metaverse, Avangrid

This year’s event took place last week and featured disruptive technologies that will advance smart grids, improve operations efficiency and enhance the customer experience.

Key Points: 
  • This year’s event took place last week and featured disruptive technologies that will advance smart grids, improve operations efficiency and enhance the customer experience.
  • Our annual Digital Summit creates a powerful learning environment and is part of Iberdrola’s global event series to analyze the latest trends in digitalization and innovation.
  • “Seeing use cases demonstrating real life application of these technologies, solving business problems and driving business value really helps bring these technologies to life.
  • These investments drove reliability improvements across operations and the exploration of the development of new renewable energy sources, like green hydrogen.

Avangrid Named to Smart Electric Power Alliance’s 2030 Club for Leading Carbon Reduction Commitment

Retrieved on: 
Thursday, September 28, 2023
Environment, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, SEPA, Science Based Targets initiative, AGR, Carbon, Investment, Department for Business, Energy and Industrial Strategy, Research, Benchmarking, NYSE, Renewable energy, Avangrid

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has been named to Smart Electric Power Alliance’s (SEPA) 2030 Club for being among the country’s leading utilities with the most aggressive carbon reduction commitments.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that it has been named to Smart Electric Power Alliance’s (SEPA) 2030 Club for being among the country’s leading utilities with the most aggressive carbon reduction commitments.
  • The 2030 Club currently includes 25 utilities that have voluntarily committed to achieving at least an 80% reduction in carbon emissions, or a generation supply of at least 80% clean energy resources by 2030.
  • Avangrid has committed to reaching carbon neutrality for Scopes 1 and 2 emissions by 2030 and is developing a strategy to address scope 3 emissions.
  • In 2024, SEPA plans to engage with 2030 Club and other interested utilities to explore best practices, lessons learned and remaining barriers to achieving carbon reduction goals.

Avangrid and Vitol Reach Landmark Transfer Agreement for $100 Million of Production Tax Credits

Retrieved on: 
Wednesday, September 27, 2023
White House, Federal Government, Public Policy, Government, Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, CFO, Inflation, AGR, Inflation Reduction Act of 2022, Vitol, PTC, Partnership, NYSE, IRA, Farm, Renewable energy, Commercial property, Avangrid

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Vitol Inc. today announced that they have reached a landmark transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms, totaling 1,134 megawatts of generating capacity.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Vitol Inc. today announced that they have reached a landmark transfer agreement for an estimated $100 million of 2023 production tax credits (PTCs) from eight operating wind farms, totaling 1,134 megawatts of generating capacity.
  • “It has created a tax credit transfer process that is streamlined and removes the bottleneck that existed with the tax equity investment structure.
  • Under the IRA, renewable energy owners like Avangrid who qualify for tax credits but are not able to use them immediately can transfer credits to a third-party investor, such as Vitol.
  • The 2023 PTCs included in the transfer agreement with Vitol are from eight of Avangrid’s wind farms:

Avangrid Chairman Galán submits Iberdrola Climate Transition Plan to United Nations Secretary-General

Retrieved on: 
Friday, September 22, 2023
Environment, Environmental Policy, Environmental Issues, Environmental Health, Utilities, Alternative Energy, Sustainability, Green Technology, Energy, Organic, AGR, Employment, Education, UNICEF, PwC, Generation, The Leadership Council, UN General Assembly Resolution 60/147, Leadership Council, United Nations General Assembly, Multimedia, Carbon, Biodiversity, Climate change, Non-governmental organization, Investment, UN, Kilowatt-hour, Iberdrola, AI, Empowerment, NYSE, Renewable energy, Fossil fuel, Avangrid

Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.

Key Points: 
  • Iberdrola’s comprehensive and actionable plan delivers on the rigorous criteria stipulated by the UN’s High-Level Expert Group on net zero pledges.
  • “Delivering on the successful transition to a cleaner energy model requires the ambition and commitment of global business,” said Avangrid Chairman Ignacio Galán.
  • Building on the momentum of the week’s activity, on Thursday September 21, 2023 Chairman Galán joined UNICEF’s Generation Unlimited Global Leadership Council.
  • The Leadership Council is co-chaired by Catherine M. Russell, Executive Director, United Nations Children's Fund (UNICEF) and Bob Moritz, Chairman, PwC.