Avangrid Analysis
What is Avangrid?
Leading energy company serving 24 U.S. states
Employees
5001-10000
Founded
2015
Industry
Utilities
Market Share
2.2%
Product Features & Capabilities
- Electricity distribution
- Natural gas distribution
- Renewable energy generation
- Energy management services
- Infrastructure investment
Use Cases
Powering homes and businesses across 24 states; Supporting critical infrastructure with reliable energy; Investing in renewable energy projects; Upgrading utility infrastructure for enhanced reliability; Providing energy management solutions for efficiency
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
Avangrid engages in several sustainability initiatives, focusing on environmental, social, and governance (ESG) practices. Their key sustainability efforts include:
- 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.
These initiatives reflect Avangrid's commitment to sustainability and social responsibility.
Competitors
The main competitors of Avangrid in the energy sector include:
- 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
Recent developments related to Avangrid in the energy field include:
- 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
- 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
These developments highlight Avangrid's ongoing efforts in renewable energy training, legal resolutions, strategic partnerships, and sustainability initiatives.
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