AGR 📈 Avangrid - Overview

Avangrid, Inc. is a diversified energy services holding company with a multifaceted presence in the United States, operating through two primary segments: Networks and Renewables. The company's Networks segment is responsible for the transmission and distribution of energy, including electricity and natural gas, to a wide range of customers across New York, Maine, Connecticut, and Massachusetts. This segment is further divided into regulated utilities, which deliver energy to residential, commercial, and institutional customers, as well as provide energy solutions to federal and state agencies, and other entities.

The Renewables segment, on the other hand, focuses on the generation of renewable energy, primarily through onshore wind power, but also leveraging solar, biomass, and thermal power. This segment operates a significant portfolio of renewable energy generation facilities, with a total capacity of 9.3 gigawatts of electricity, spanning 22 states. The company's renewable energy output is sold to a variety of customers, including investor-owned utilities, public utilities, and other credit-worthy entities, contributing to a cleaner and more sustainable energy mix in the United States.

As a subsidiary of the Spanish energy giant Iberdrola, S.A., Avangrid, Inc. benefits from its parent company's extensive experience and expertise in the energy sector. With a history dating back to 1997, Avangrid has established itself as a major player in the US energy market, serving 3.3 million customers through its regulated utilities and operating a substantial portfolio of renewable energy assets. The company's commitment to delivering energy solutions that are both reliable and sustainable has earned it a reputation as a leader in the industry, with a strong focus on innovation, customer satisfaction, and environmental stewardship.

In terms of its operational footprint, Avangrid, Inc. owns and operates eight electric and natural gas utilities, providing energy services to customers in New York and New England. The company's renewable energy generation facilities are located in various parts of the country, with a significant presence in the Western United States, where it delivers thermal output to wholesale customers. With its common stock listed on the New York Stock Exchange (NYSE) under the ticker symbol AGR, Avangrid, Inc. is a publicly traded company, providing investors with an opportunity to participate in the growth and development of the US energy sector.