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04/24/2024

Avangrid CEO Pedro Azagra Named City & State Trailblazer in Clean Energy

Avangrid CEO Pedro Azagra Named City & State Trailblazer in Clean Energy

Award recognizes innovators and groundbreakers in New York’s clean energy sector

ORANGE, Conn. — April 24, 2024 — Pedro Azagra, CEO of Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, has been named a Trailblazer in Clean Energy by City & State. This award recognizes the innovators and groundbreakers in New York’s clean energy sector who are developing revolutionary clean energy tech, implementing groundbreaking programs, advocating for transformative policies, enhancing economic opportunities and leading the charge toward a clean energy future. Avangrid has two New York subsidiaries: New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E).

“Being recognized as a Trailblazer is a tremendous honor,” said Azagra. “Avangrid is very proud to play a fundamental role in advancing New York state’s ambitious clean energy goals. Through NYSEG and RG&E, we’re integrating more renewable energy onto the grid, investing in transmission and distribution grid enhancements, and helping our customers adopt more energy-efficient, less carbon-intensive technologies. By following Iberdrola's vision, led by Chairman Galán, we're creating a sustainable energy future for New York and contributing to creating a better and brighter planet for all.”

Azagra was appointed CEO of Avangrid in May 2022 and has a long history with the company, having served on its board and executive committee since 2019. His influence extends globally, with board memberships at Siemens Gamesa, Iberdrola Mexico and the Neoenergia Group in Brazil, among others. Prior to Avangrid, he was chief development officer at Iberdrola, where he led the group's expansion in Europe, Latin America, and the U.S. His strategic vision has facilitated more than 120 transactions worldwide, totaling more than $120 billion, and has been instrumental in Iberdrola's entry into new markets. A graduate of the Universidad Pontificia de Comillas and the University of Chicago, he has been teaching at the Universidad Pontificia de Comillas since 1998.

NYSEG and RG&E are helping deliver the clean energy future to their customers through a variety of innovative programs and technologies. This includes expanding access to electric vehicle chargers, advancing the NYS Clean Heat Program through a geothermal energy project in Rochester, and upgrading their transmission system to create pathways for nearly 2 gigawatts of existing and planned renewable energy facilities in New York's Southern Tier. Additionally, NYSEG and RG&E recently completed their first whole home electrification project in Irondequoit, converting three homes from natural gas to electric.
 

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. 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.

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