What does Avangrid do?

Avangrid, Inc. is a prominent energy company based in Orange, Connecticut, operating across 23 states. Formed in 2015 from the merger of Iberdrola USA and UIL Holdings Corporation, Avangrid is a subsidiary of the Iberdrola Group. The company focuses on regulated utilities and renewable energy, managing approximately $48 billion in assets and employing around 8,000 people. Avangrid operates two main business segments: Networks and Power. The Networks segment includes eight electric and natural gas utilities that serve over 3.3 million customers in New York and New England, providing reliable energy delivery and infrastructure management. The Power segment, known as Avangrid Renewables, encompasses 80 facilities generating 10.5 GW of energy from wind and solar sources, catering to more than 3.1 million customers nationwide. Notable projects include the Amazon Wind Farm US East and Vineyard Wind 1, which will supply clean energy to 30,000 homes and businesses in Massachusetts.