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11/16/2023

Avangrid CEO Pedro Azagra Statement on FuelCell Energy Project

Avangrid CEO Pedro Azagra Statement on FuelCell Energy Project

ORANGE, Conn. — November 16, 2023 — Pedro Azagra, CEO of Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today issued the following statement following an event in Derby, Connecticut with Governor Ned Lamont to celebrate a ribbon cutting for a 14-megawatt Fuel Cell project that will benefit customers of United Illuminating. 


“As a proud Connecticut company, Avangrid is a committed partner in driving forward the next-generation of clean energy solutions and unlocking the state’s innovation economy. In joining Governor Lamont and FuelCell Energy today, we’re demonstrating the innovative, all-of-the-above approach our company is taking to help deliver a renewable energy future in Connecticut, by procuring the energy from this fuel cell to benefit our customers at United Illuminating. The facility we’re celebrating today, with a 14-megawatt capacity, stands as one of the largest fuel cell projects in the country, and we’re proud to be part of this project and of the larger effort in Connecticut to lead the clean energy transition in the U.S. I commend the leadership of Governor Lamont, Representative Steinberg, and Derby Mayor Dziekan for their support of this important project, and look forward to working with you to advance our shared goal of building a better, brighter clean energy future for Connecticut.” 

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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