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01/16/2019

Bike New Haven Welcomes AVANGRID as Founding Sponsor

Bike New Haven Welcomes AVANGRID as Founding Sponsor

FOR IMMEDIATE RELEASE

 

 

NEW HAVEN and ORANGE, Connecticut — AVANGRID, Inc., the parent company of United Illuminating and Southern Connecticut Gas, is now an official sponsor of Bike New Haven, the companies announced today.

Bike New Haven and AVANGRID (NYSE: AGR) will collaborate to provide a healthy and environmentally friendly transportation option throughout New Haven, enabling riders to travel more efficiently to downtown areas and other forms of transit.

Bike New Haven launched in February of 2018 with an initial 100 bicycles and 10 stations. The program, operated by P3 Global Management (P3GM), will continue its growth until it reaches 300 bicycles and 30+ stations. Many of the bicycles display AVANGRID branding.

“AVANGRID and its companies, including United Illuminating and Southern Connecticut Gas, are proud to be founding sponsors of Bike New Haven, supporting this community transportation option that is both affordable and environmentally conscious,” said Tony Marone, President and CEO of AVANGRID’s Connecticut companies. “AVANGRID has declared a goal of being carbon-neutral by 2035, and Bike New Haven is a great example of how we can reduce carbon emissions by using an existing technology — the bicycle — in new and innovative ways.”

AVANGRID, based in Orange, Connecticut, is a leader in service, innovation and investment in the U.S. energy industry.

“On behalf of city residents and the region’s bicycling enthusiasts, I applaud AVANGRID’s just-announced sponsorship of Bike New Haven: the ‘tailwind’ provided by a fixture in the region’s corporate community is most welcome,” New Haven Mayor Toni N. Harp said. “I appreciate the symbolism built into a major energy provider underwriting efforts to reduce energy consumption – I’m confident the region will continue reducing its carbon footprint with contributions from all sectors, and this sponsorship is additional evidence of that collaboration.”

Bike-sharing is meant for quick trips around the city. Customers can pick up a bicycle at one of the stations throughout the city, return it at another station, and continue with their day. New Haven residents can register for membership options including single trips at $1.75, a daily pass at $8, a monthly pass at $20 and an annual pass for $90. There are also discounts in place for low-income and senior users.

The bike share system features smart bikes, which will allow riders to temporarily pause their rides. This will be useful for quick mid-trip stops. The system also allows for riders to dock their bike at already full stations, simply by locking the bike to itself.

For more information visit BikeNewHavenCT.com or download the Bike NHV app.

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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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