Press Releases
07/12/2024
Avangrid Earns Security Award for State Fusion Cell Partnership
Avangrid Earns Security Award for State Fusion Cell Partnership
CSO Award from Foundry’s CSO honors organizations with outstanding security projects and initiatives
ORANGE, Conn. — July 12, 2024 —Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today that it has been named a winner of a 2024 CSO Award from Foundry’s CSO for its industry-leading intelligence program. This prestigious honor is bestowed upon select organizations that have implemented security projects and initiativesthat demonstrate outstanding business value and thought leadership. Avangrid was selected in the Intelligence and Security Organization category for its partnership with a state fusion cell.
For the award-winning project, Avangrid partnered with a state fusion cell to share security intelligence and data through each other’s knowledge management databases. This first-of-its-kind public-private partnership has the potential to dramatically change, and improve, the way security information and intelligence is shared. Through this innovative project, Avangrid and the state fusion cell shared raw data, increasing the speed of data sharing, and in turn, allowing for more discoveries. For example, Avangrid was able to initiate strong security site assessments due to having real-time data and analysis that provided a better understanding of the threats to critical infrastructure.
"At Avangrid, we are deeply committed to implementing robust cybersecurity measures to protect our assets and safeguard our communities,” said Pedro Azagra, Avangrid CEO. “The foundation of any strong intelligence program is based in having robustregional, state and federal partnerships. We have taken that to the next level with this latest collaboration, setting a new standard for public-private partnerships. This award from CSO is a testament to our commitment to innovation and excellence in the security field.”
The CSO Awards recognize organizations for security projects and initiatives that demonstrate outstanding business value and thought leadership. The CSO Hall of Fame honors leaders who have significantly contributed to advancing information risk management and security. Inductees exemplify the qualities of leadership and excellence and, by their example, contribute to improving security across all organizations.
“The stakes grow higher every day for security leaders and their teams, and this year’s CSO Awards honor the very best efforts to tackle challenges from an expanding threat landscape,” said Beth Kormanik, content director for the CSO Conference & Awards.“From devising new threat detection methods and cyber analytics to initiatives addressing AI threats, zero trust, and data protection, these projects are at the forefront of innovative security thinking and represent true business value for their organizations. We congratulate the winners and look forward to celebrating them at the CSO Conference & Awards this fall.”
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.
