Avangrid Analysis
What is Avangrid?
Leading energy company serving 24 U.S. states
Employees
5001-10000
Founded
2015
Industry
Utilities
HQ Full Address
180 Marsh Hill Rd, Orange, Connecticut 06477, United States
Market Share
2.2%
Product Features & Capabilities
- Electricity distribution
- Natural gas distribution
- Renewable energy generation
- Energy management services
- Infrastructure investment
Other Considerations
Announced $18.5 billion investment in infrastructure by 2028; Recognized on Forbes America’s Best Employers for Women 2025; Operates the largest solar energy fleet in the Pacific Northwest; Committed to rebuilding and strengthening utility grid infrastructure
Sustainability Initiatives
- Biodiversity Conservation - Avangrid promotes biodiversity through various conservation initiatives.
- Sustainable Resource Use - The company emphasizes the responsible and sustainable use of natural resources.
- Climate Action and Decarbonization - Avangrid is committed to reducing carbon emissions and has set ambitious goals for carbon neutrality by 2035.
- Health and Safety - They prioritize the health and safety of their employees.
- Equal Opportunity Supplier Program
- Community Investment - Through the Avangrid Foundation, the company invests in charitable organizations and philanthropic partnerships in the communities where they operate.
Competitors
- DTE Energy Co - Headquarters: United States - Employees: 9,500 - Revenue: $12.5 billion - Description: A diversified energy company involved in the generation, transmission, and distribution of electricity and natural gas.
- Eversource Energy - Headquarters: United States - Employees: 10,680 - Revenue: $11.9 billion - Description: Provides electric and natural gas services to customers in New England, focusing on renewable energy initiatives.
- Ameren Corp - Headquarters: United States - Employees: 9,372 - Revenue: $7.6 billion - Description: Operates as a utility company providing electricity and natural gas services across several states.
- Alliant Energy Corp - Headquarters: United States - Employees: 3,281 - Revenue: $4.0 billion - Description: Provides electric and natural gas services to customers in the Midwest, with a focus on renewable energy.
- NextEra Energy - Headquarters: United States - Description: A leading clean energy company primarily focused on renewable energy generation, including wind and solar.
- Duke Energy - Headquarters: United States - Employees: 27,535 - Revenue: $28.8 billion - Description: One of the largest electric power holding companies in the U.S., providing electricity to millions of customers.
- Southern Company - Headquarters: United States - Description: Provides electricity to the southeastern U.S. and is involved in renewable energy initiatives.
- Dominion Energy - Headquarters: United States - Description: A provider of energy and natural gas, focusing on sustainable energy solutions.
- American Electric Power (AEP) - Headquarters: United States - Description: One of the largest electric utilities in the U.S., serving millions of customers across several states.
- Calpine - Headquarters: Houston, TX - Revenue: $10.1 billion - Description: Focuses on renewable energy and efficient power generation.
Recent News
- Training Center in Oregon - Avangrid has established a National Training Center in Sherman County, Oregon, aimed at training wind technicians from across the U.S.
- Settlement with Nike - Avangrid reached a settlement in a lawsuit with Nike, which had claimed $31 million under a Texas wind power contract. The lawsuit was officially dismissed following the settlement. [Source](https://www.bizjournals.com/portland/news/2025/01/21/nike-avangrid-lawsuit-dismissed.html)
- Acquisition of Offshore Wind Lease - Dominion Energy announced an agreement to acquire an offshore wind lease from Avangrid, which could support future regulated generation development.
- Recognition as Climate Leader - Avangrid has been recognized by USA Today as one of America’s Climate Leaders for its significant reduction in core emissions intensity between 2020 and 2022, marking its commitment to sustainability. [Source](https://www.businesswire.com/news/home/20240530906027/en/Avangrid-Named-Among-Americas-Climate-Leaders-by-USA-Today-for-Second-Consecutive-Year)
