Press Releases
11/26/2024
New Report Details How Avangrid Built a Model for Internal Data Science and Analytics Excellence
New Report Details How Avangrid Built a Model for Internal Data Science and Analytics Excellence
Avangrid’s Operational Performance organization has transformed the company’s use of data and analytics to solve resiliency and reliability challenges and deliver a more robust electrical grid
ORANGE, Conn. — Nov. 26, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the publication of a brand-new report detailing the successes of Avangrid’s Operational Performance organization in using data science and analytics to improve resiliency and reliability, and how these capabilities are critical to effective management of and investment in the grid.
Established in 2020, the Operational Performance organization was charged with improving the internal analytical capabilities of the Company’s electric operations. Through the recruitment and development of data science, engineering, and analytic professionals, the organization rebuilt Avangrid’s internal data infrastructure and tailored it for rapid growth and flexibility. After only four years, Operational Performance now executes advanced analytics for reliability and resiliency improvement, helps prioritize operational implementation, and can develop more advanced AI models and data science platforms.
“The success of the Operational Performance organization at Avangrid is underscored by the central tenet that data science and analytics must be a core function of electric operations and the utility as a whole. By embedding data professionals into the organization who are focused on the development of flexible and agile data infrastructure, we were able, not only to anticipate and accommodate the daily needs of our organization, but also use and leverage data in unforeseen ways,” said Mark Waclawiak, Senior Manager of Operational Performance. “The Operational Performance organization, at its core, is a bridge to the next phase of Avangrid’s data-driven future by focusing on investment into its own people.”
Titled The Digital Transformation of Electric Operations, the report also explains how development of an internal data science and analytic organization and its accompanying infrastructure can be significantly more cost-effective for rate payers than vendor-driven use case development. It provides more tailored, highly effective results because it is embedded within the organization itself, developing infrastructure not overly complicated or expensive.
The Digital Transformation of Electric Operations can be found here.
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.
