Press Releases
04/18/2025
ICYMI: Avangrid CEO Pedro Azagra Discusses Grid Investment at Global Power Markets Conference
ICYMI: Avangrid CEO Pedro Azagra Discusses Grid Investment at Global Power Markets Conference
CEO Azagra highlights the nation’s rising energy demand and Avangrid’s commitment to invest in US grid infrastructure and support American manufacturing jobs
Pictured: Avangrid CEO Pedro Azagra in conversation with Jenny Yang, Global Head of Power and Renewables Research at S&P Global Commodity Insights
Orange, CT — April 18, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, participated in the S&P Global Power Markets Conference this week. Avangrid CEO Pedro Azagra engaged in an Executive Dialogue moderated by Jenny Yang, Global Head of Power and Renewables Research at S&P Global Commodity Inisghts.
The nearly hour long dialogue attended by over 400 industry leaders covered the U.S. rising energy demand and how Avangrid’s robust power generation facilities are delivering energy to millions of home, businesses and the emerging data center boom.
“The Global Power Markets Conference is an invaluable opportunity to engage with industry leaders and share Avangrid’s commitment to helping the nation meet its energy demand in an evolving energy landscape,” said Avangrid CEO Pedro Azagra. “I was encouraged by the conversations and partnerships emerging from this week’s conference and can say Avangrid is a committed partner and leader in the U.S. energy future.”
CEO Azagra discussed Avangrid’s unprecedented $20 billion investment to modernize and expand the nation’s aging grid infrastructure to strengthen resiliency and energy capacity. In addition to meeting rising energy demands, Avangrid is prioritizing grid updates to ensure reliability for homes and businesses during increasingly severe storms. Avangrid’s $20 billion investment will continue the protection and reconstruction of substations and transmission lines, enhancing resiliency and energy capacity.
CEO Azagra also highlighted Avangrid’s growing focus on local sourcing and manufacturing. 96% of Avangrid suppliers are American and in 2024, Avangrid spent $4.3 billion on purchases from U.S. suppliers. Through these local investments, Avangrid supports local communities and tens of thousands of American jobs.
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.
