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06/05/2019

AVANGRID Marks World Environment Day by Doubling Down on Its Commitment to Electric Vehicles

AVANGRID Marks World Environment Day by Doubling Down on Its Commitment to Electric Vehicles

 
FOR IMMEDIATE RELEASE
 

Company Announces Expansion of Nissan Electric Vehicle Discount Program to 3.2 Million Customers; Commits to Increasing EV Fleet by 75%; Funds $34 Million Expansion of Charging Infrastructure

ORANGE, CT —  June 5, 2019 — Today, AVANGRID, Inc. (NYSE: AGR) marks World Environment Day by announcing plans to expand its partnership with Nissan North America to provide 3.2 million customers and employees across New York, New England and Oregon with a $5,000 discount on the purchase of a Nissan LEAF electric vehicle (EV). In addition, the company announced plans to increase its own EV fleet by 75 percent, and reiterated a $34 million investment in the expansion of EV charging infrastructure across Maine and New York. 

“As one of the cleanest U.S. energy companies, we are committed to investing in innovative and sustainable energy solutions for our customers,” said James P. Torgerson, AVANGRID’s chief executive officer. “Demand for clean energy goes beyond powering our homes and businesses. Enabling customers to invest in electrified transportation by expanding our incentives and charging infrastructure is yet another component to ensuring a secure energy future.”

“Nissan supports programs that increase EV adoption and we’re very happy to see companies like AVANGRID offering these types of discounts to employees and customers,” said Michael Arbuckle, senior manager, EV sales and fleet, Nissan North America. “And with the recent introduction of the LEAF PLUS, with a range of up to 226 miles, people will now be able to choose the LEAF that best fits their driving needs.”

The Nissan LEAF is the best-selling electric vehicle ever, with more than 400,000 vehicles sold globally. Launched in October 2018, AVANGRID subsidiaries Rochester Electric & Gas (RG&E) in New York and United Illuminating (UI) in Connecticut initially offered the discount program to customers and employees. The expanded program will now be made available to Central Maine Power (CMP) and New York State Electric & Gas (NYSEG) customers, as well as all AVANGRID and subsidiary employees. Customers are encouraged to visit energy.gov to learn more about federal and state EV tax credits and other incentives.

In Maine, CMP has committed $5 million to fund the development of EV infrastructure across the state by offering rebates and support for EV purchases and charging station development. In New York, NYSEG and RG&E have implemented three EV pilot projects and have proposed a $29 million EV program to expand charging infrastructure across the companies’ service areas — encompassing more than 45,000 miles across the state.

AVANGRID has also committed to increasing its own EV fleet by 75 percent in 2019. To further promote the use of EV transportation among its employees, the company has expanded on-site chargers for employees’ personal use.

In 2016, AVANGRID became the first U.S. energy company to set a goal for carbon-neutrality. The company pledged to reduce emissions intensity from power plants 25 percent by 2020, and to be carbon neutral by 2035. Avangrid Renewables is the third-largest U.S. wind producer, owning and operating 6.6 gigawatts (GW) of wind and solar generation. With an owned capacity that is 89 percent emissions-free, the energy delivered from AVANGRID’s renewable energy facilities has allowed customers to avoid 12 million metric tons of CO2 emissions, which is equivalent to removing 2.55 million cars from the road annually. For more information, visit avangrid.com.

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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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