Press release
Avangrid Announces $20 Billion Investment Plan for U.S. Grid Infrastructure Through 2030
Investment plan announced during CERAWeek where Avangrid and Iberdrola are meeting with key U.S. policymakers and global leaders
Robust investment comes at a time when U.S. energy demand is surging due to manufacturing and data center growth
HOUSTON — March 12, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced it has plans to invest $20 billion in U.S. electrical grid infrastructure through the end of the decade.
The announcement comes as Avangrid and Iberdrola take part in the CERAWeek 2025 conference in Houston, Texas, the largest energy industry event in the country. Iberdrola Executive Chairman Ignacio Galán and Avangrid CEO Pedro Azagra met with key U.S. policymakers this week, including U.S. Secretary of Energy Chris Wright and Doug Burgum, Chair of the White House National Energy Dominance Council and U.S. Secretary of Interior. They discussed how growing energy demand requires a critical need to invest in energy infrastructure, and that the U.S. is a top investment destination as Avangrid and Iberdrola modernize and expand the country’s electrical grid.
The investment plan could also include opportunities for new generation.
Avangrid has about $50 billion in assets across the United States across 23 states and employs over 8,000 people. Its eight electric and gas utilities in the Northeast serve over 3.3 million customers. Avangrid also owns and operates about 10.5 Gigawatts of electric generation capacity, capable of producing enough electricity to power over three million homes.
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For media inquiries, email: corporatecommunications@avangrid.com
About Avangrid: Avangrid, Inc. is a leading U.S. energy company investing in grid infrastructure and power generation projects to deliver reliable energy and meet growing electricity demand. With approximately $50 billion in assets and operations across 25 states, Avangrid is helping modernize the U.S. electric grid, improve system resiliency, and support economic growth for the customers and communities it serves.
Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Avangrid also has nearly 100 energy generation facilities across the United States and more than 11 gigawatts of installed capacity. Avangrid has more than 8,300 employees and was named among the World's Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group.
About Iberdrola: With a market capitalization of more than €140 billion, Iberdrola is the largest electricity company in Europe and one of the two largest in the world. The Group serves more than 100 million people around the world and has a workforce of 45,400 employees and assets of €165 billion. In 2025, Iberdrola posted a record net profit of €6.3 billion. The company contributes close to €10.4 billion in taxes in the countries where it operates and supports more than 500,000 jobs throughout its supply chain, thanks to €13.2 billion in purchases from tens of thousands of suppliers.
Since 2001, Iberdrola has invested more than €175 billion in electricity networks, renewable energy and energy storage to help create an energy model based on electrification. The company has close to 1.4 million km of electricity networks in the United States (the states of New York, Connecticut, Maine and Massachusetts), the United Kingdom (Scotland, England and Wales), Brazil (the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo and Mato Grosso do Sul, as well as Brasilia) and Spain, as well as 57,000 MW of capacity worldwide, of which more than 46,000 MW is renewable.
