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10/18/2023

Avangrid Subsidiary CMP Wins $30M Federal Smart Grid Technology Grant

Avangrid Subsidiary CMP Wins $30M Federal Smart Grid Technology Grant

Established by the Bipartisan Infrastructure Law, grant will enhance grid flexibility and improve the resilience of Maine’s power grid against growing threats of extreme weather 

ORANGE, Conn. — October 18, 2023 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that its subsidiary, Central Maine Power (CMP), secured a $30 million grant, awarded by the U.S. Department of Energy’s Grid Deployment Office under the Grid Resilience and Innovation Partnerships (GRIP) program. Established by the Bipartisan Infrastructure Law, the grant funding will position CMP to accelerate the deployment of smart grid technologies that reduce the frequency and impact of power outages.   

The new technology will include advanced grid restoration (AGR) and sequential reclosing (SR). These innovative, “self-healing” technologies are designed to reduce the frequency and impact of outages. The grant will also allow deployment of the transmission supervisory control and data acquisition (SCADA) switch program to help prevent system faults, particularly to disadvantaged communities. 

“As our customers continue to change the way they use electricity, we are committed to strengthening our electrical system so it can handle increased threats from climate change. At the same time, we are transforming our grid to continue supporting Maine’s significant economic growth, new distributed resources like solar power, and electrification,” said Pedro Azagra, CEO of Avangrid. “This work to build a strong, modern, and clean electric grid is for our customers. I want to thank the Biden Administration for their climate action leadership and the Department of Energy for selecting our talented team for this grant award.”

“Extreme weather events fueled by climate change will continue to strain the nation’s aging transmission systems, but President Biden’s Investing in America agenda will ensure America’s power grid can provide reliable, affordable power,” said U.S Secretary of Energy Jennifer M. Granholm. “Today’s announcement represents the largest-ever direct investment in critical grid infrastructure, supporting projects that will harden systems, improve energy reliability and affordability—all while generating union jobs for highly skilled workers.”   

This grant will increase the flexibility, efficiency, reliability, and resilience of Central Maine Power’s electric grid while ensuring a variety of community-level benefits, especially for disadvantaged communities. Specifically, it will: 

  • Increase system reliability 
  • Enhance ability to identify faults and minimize outages
  • Mitigate impacts of extreme weather or natural disasters
  • Aggregate and integrate energy resources like solar
  • Create up to 100 jobs across a variety of sectors during the project’s duration

Avangrid is appreciative of the support from the Maine Development Foundation, the Governor’s Energy Office, the International Brotherhood of Electrical Workers, Central Maine Growth Council, Kennebec Valley Community College, and the Mid-Maine Chamber of Commerce during the grant application process. 

For more information, visit U.S. Department of Energy’s Grid Deployment Office.
 

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 $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,600 people and has been recognized by JUST Capital for three consecutive years as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. 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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