Press release
Avangrid to Construct New Projects to Meet Surging Energy Demand from AI Data Center Growth
Avangrid currently has 8 energy projects that support major data center providers, with 6 to be constructed
ORANGE, Conn. — Feb. 10, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, is helping deliver energy to the organizations operating data centers that will power the AI revolution, and actively working to bring more reliable electricity generation online to support growing demand. According to a December report from the U.S. Department of Energy, data center load growth has tripled over the past decade and is projected to double or triple again by 2028.
Avangrid currently has 8 projects that support data centers, totaling over 1,250 Megawatts (MW), with 6 more under construction, or soon to be under construction, totaling over 800 MW in additional capacity. Avangrid is actively working on new projects that will help meet expected energy demand growth in the coming years.
“With an extensive portfolio of energy projects spread across 24 states, and a robust pipeline of over 25 GW of projects, we are in the perfect position to provide secure American energy to the country’s largest technology companies and meet an expected surge in energy demand from data center growth,” said Pedro Azagra, Avangrid CEO. “In addition to developing a pipeline of American energy supply, these projects represent massive investments that support U.S. jobs and deliver important financial benefits to the communities they’re located within.”
Avangrid has about 10.5 GW of installed energy capacity across 24 states that are currently supporting the nation’s energy needs. Avangrid’s future projects will continue to power homes, business, and schools around the country, while meeting the growing energy needs driven in part by data center proliferation.
Media Contact
For media inquiries, email: corporatecommunications@avangrid.com
About Avangrid: Avangrid, Inc. is a leading U.S. energy company investing in grid infrastructure and power generation projects to deliver reliable energy and meet growing electricity demand. With approximately $50 billion in assets and operations across 25 states, Avangrid is helping modernize the U.S. electric grid, improve system resiliency, and support economic growth for the customers and communities it serves.
Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Avangrid also has nearly 100 energy generation facilities across the United States and more than 11 gigawatts of installed capacity. Avangrid has more than 8,300 employees and was named among the World's Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group.
About Iberdrola: With a market capitalization of more than €140 billion, Iberdrola is the largest electricity company in Europe and one of the two largest in the world. The Group serves more than 100 million people around the world and has a workforce of 45,400 employees and assets of €165 billion. In 2025, Iberdrola posted a record net profit of €6.3 billion. The company contributes close to €10.4 billion in taxes in the countries where it operates and supports more than 500,000 jobs throughout its supply chain, thanks to €13.2 billion in purchases from tens of thousands of suppliers.
Since 2001, Iberdrola has invested more than €175 billion in electricity networks, renewable energy and energy storage to help create an energy model based on electrification. The company has close to 1.4 million km of electricity networks in the United States (the states of New York, Connecticut, Maine and Massachusetts), the United Kingdom (Scotland, England and Wales), Brazil (the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo and Mato Grosso do Sul, as well as Brasilia) and Spain, as well as 57,000 MW of capacity worldwide, of which more than 46,000 MW is renewable.
