Press Releases
12/28/2017
Avangrid Foundation Celebrates the Season of Giving
Avangrid Foundation Celebrates the Season of Giving
ORANGE, Connecticut — December 28, 2017 — The Avangrid Foundation, the principal philanthropic arm of AVANGRID, Inc. (NYSE: AGR) and its subsidiary companies, donated nearly $6 million to more than 650 organizations through grants, scholarships and matching gift programs throughout 2017.
Of this, more than $3 million in grants and scholarships supported master’s degree scholars and research partnerships in energy and engineering-related fields during the 2017-2018 academic year. Avangrid Foundation investments are focused on fostering innovation and research, protecting the environment, reaching vulnerable persons and strengthening communities.
“It’s an honor to support the work of so many deserving and impactful organizations and institutions,” said James P. Torgerson, President of the Avangrid Foundation. “AVANGRID is part of the critical energy infrastructure that is central to the well-being of our customers and communities throughout the United States, and so through the Foundation we appreciate the opportunity to partner locally and globally to create meaningful change for those citizens in areas we serve.”
The contributions from the Avangrid Foundation will directly benefit individuals and communities across the AVANGRID service territory in 27 states, including those served by the company’s affiliates, which include NYSEG and RG&E (New York); Central Maine Power and Maine Natural Gas (Maine); United Illuminating, Southern Connecticut Gas and Connecticut Natural Gas (Connecticut); and Berkshire Gas Company (Massachusetts). The contributions also support organizations in communities nationwide served by Avangrid Renewables, which is headquartered in Portland, Oregon.
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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.
