Press Releases
03/12/2025
Avangrid Announces $20 Billion Investment Plan for U.S. Grid Infrastructure Through 2030
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.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has corporate offices in Connecticut, New York, Massachusetts, Maine, and Oregon, and operations across 25 states with approximately $50 billion in assets. Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. It also owns and operates nearly 100 energy generation facilities across the United States with a capacity of more than 11 Gigawatts, enough to power over 3 million homes. Avangrid employs approximately 8,500 people 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. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
