Press release
Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, joins President Donald J. Trump at State Dinner in Qatar
Iberdrola and Avangrid move forward with plan to invest $20 billion in U.S. grid infrastructure through 2030
For video of Chairman Galán meeting President Trump, please see here. Video Credit: Right Side Broadcasting Network
Photo: Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, meets with President Donald J. Trump at a State Dinner at Lusail Palace in Doha, Qatar on Wednesday, May 14, 2025. Photo Courtesy of Avangrid.
Orange, CT — May 15, 2025 — Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, joined President Donald J. Trump at a State Dinner at Lusail Palace in Doha, Qatar on Wednesday, May 14, 2025. As a leading energy company in the United States, Avangrid announced in March 2025 its plans to invest $20 billion in U.S. electrical grid infrastructure through 2030. Avangrid serves more than 3.4 million homes and business customers in major American metropolitan areas, through its eight electric and natural gas companies in New York and New England, and operates energy generation facilities in 23 states across the U.S.
In addition to President Trump, Chairman Galán met with U.S. Commerce Secretary Howard Lutnick, Department of Energy Secretary Chris Wright, Emir Sheikh Tamim bin Hamad Al-Thani, and Minister of Foreign Trade of the State of Qatar Ahmad Mohammed Al Sayed.
From left to right, Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid is pictured with Department of Energy Secretary Chris Wright, and Minister of Foreign Trade of the State of Qatar Ahmad Mohammed Al Sayed. Photo Courtesy of Avangrid
With electric demand in the United States projected to grow by as much as 50% between 2035-2050, Iberdrola and Avangrid are demonstrating the need for critical investments in transmission, distribution, and grid expansion, modernization, and resilience. Avangrid currently operates $15 billion of regulated networks assets in the Northeast. Iberdrola has invested over $8 billion in the U.S. since November 2024. In addition, nearly $11.1 billion of committed investments are already underway in New York, Maine, Connecticut, and Massachusetts to upgrade and expand electricity and natural gas transmission and distribution infrastructure, and for the next five years through 2030, an additional $9 billion investments are planned through new rate cases in New York, Connecticut, and Maine.
Additionally, Iberdrola and Avangrid, through a portfolio that includes more than 75 generation facilities, are delivering over 10.5 gigawatts of energy to over 2 million homes and businesses in 23 states in the U.S. These facilities along with current and future electric and gas distribution projects will help each state, and the country, meet the growing demand for electricity, but deliver important community benefits by creating jobs, boosting economic growth, and contributing to the local tax base. In total, Iberdrola and Avangrid are projected to invest over $20 billion in U.S. networks up to 2030 and have further optional growth opportunities in generation of more than $10 billion to help meet the energy demand of the U.S.
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: 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.
