Press Releases
06/28/2023
Avangrid Congratulates Five Startup Firms Selected that will Advance Offshore Wind Technologies for Vineyard Wind 1
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Avangrid Congratulates Five Startup Firms Selected that will Advance Offshore Wind Technologies for Vineyard Wind 1
Boston, MA — June 28, 2023 — Today, Avangrid (NYSE: AGR) CEO Pedro Azagra issued the following statement on the five firms selected as part of the Greentown Go Energize program, which is dedicated to advancing technologies for responsible offshore wind development.
“At Avangrid, we firmly believe that innovation holds the key to unlocking the vast potential of offshore wind power, and we are very proud to collaborate with Greentown Labs, our Vineyard 1 team and this very talented group of startups that will further advance the latest technologies for the largest commercial offshore windfarm in the nation. Together, we will continue to drive innovation, revolutionize the energy industry, meet the nation’s clean energy goals, and pave the way for a cleaner, more sustainable energy future for all.”
Learn more about this program here.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine and Oregon, including operations in 24 states with approximately $47 billion in assets, and 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 and in 2024. Through its renewables business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing over 9GW of power for over 2.2 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company 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.