Welcome to our dedicated page for Avangrid news (Ticker: AGR), a resource for investors and traders seeking the latest updates and insights on Avangrid stock.
Avangrid, Inc. (NYSE: AGR) is an energy and utility company headquartered in Orange, Connecticut, and a member of the Iberdrola Group. News about Avangrid often focuses on its two primary lines of business: regulated electric and natural gas utilities in New York and New England, and renewable energy generation facilities across the United States. Company updates highlight how these businesses support millions of customers and contribute to the broader energy system.
On this news page, readers can find coverage of Avangrid’s infrastructure projects, such as substation modernization and grid upgrades undertaken by subsidiaries like Rochester Gas and Electric and Central Maine Power. These stories describe investments aimed at improving reliability, resiliency, and capacity for residential and commercial customers, as well as efforts to respond to storms and other extreme weather events.
Avangrid’s renewables-related news includes information about wind and solar projects, generation performance during periods of high demand, and the role of its energy facilities in supplying electricity during severe winter conditions. The company also shares updates on workforce initiatives, including training programs at its National Training Center for wind and solar technicians, and fleet electrification efforts through the adoption of hybrid bucket trucks and alternative fuels.
Additional news items cover Avangrid’s digital and innovation activities, such as its annual Digital Summit, where technology partners present tools related to smart grids, customer service, and operations. Readers will also see stories about the Avangrid Foundation’s philanthropic programs, employee volunteerism, wildlife rehabilitation grants, and recognition the company has received for ethics and corporate citizenship. Investors and observers can use this page to follow how Avangrid communicates its activities, investments, and community engagement over time.
Avangrid (NYSE: AGR) has been recognized in the 2024 Yello Top 100 Internship Programs List for its outstanding Internship and Graduate programs. The company has significantly increased its intern hiring and conversion rates to full-time employees over the past two years. Avangrid's 10-week paid Internship Experience includes interactive workshops, networking events, and final presentations, with over 100 interns currently supporting critical projects.
The company's two-year Graduate program offers rotational development for early career employees, including international assignments within the Iberdrola Group. Avangrid currently has more than 140 Graduates in its workforce. CEO Pedro Azagra emphasized the company's commitment to scaling up internship programs and expanding opportunities for early career professionals.
Avangrid (NYSE: AGR) has launched the largest solar grazing operation in the Pacific Northwest, partnering with a fifth-generation Oregon rancher to graze sheep at two solar farms. This innovative approach replaces gas-powered machines with sheep for vegetation management, reducing wildfire risks and supporting local economies.
The operation began as a pilot project at Pachwáywit Fields, Oregon's largest operating solar farm, and expanded to Lund Hill solar farm in Washington. At peak, over 5,000 sheep were grazing across both facilities. The sheep belong to Cameron Krebs, who sells wool and lamb, continuing a century-long partnership with Pendleton Woolen Mills.
This initiative aligns with Avangrid's sustainability goals, demonstrating an innovative solution to complex problems while supporting local communities and contributing to a circular economy in the region.
Avangrid, Inc. (NYSE:AGR) has released its second quarter 2024 financial results. The company has made these results available to the public in the Investors section of its official website. Interested parties can access the detailed financial information by visiting www.avangrid.com. This release of quarterly results is a standard practice for publicly traded companies, allowing investors and analysts to assess the company's financial performance and make informed decisions. While the press release does not provide specific financial figures, it directs stakeholders to the company's website for comprehensive data on Avangrid's financial standing for Q2 2024.
Avangrid (NYSE: AGR) has been recognized as a Best Place to Work for Disability Inclusion by Disability:IN, scoring 100% on the 2024 Disability Equality Index®. This achievement highlights Avangrid's commitment to creating an inclusive workplace for employees with disabilities.
Key factors contributing to Avangrid's top score include:
- A robust business resource group, CARE, for employees with disabilities, caregivers, and allies
- A pilot program to employ visually impaired individuals
- Comprehensive disability inclusion policies and programs
This recognition follows Avangrid's inclusion in Forbes' list of America's Best Employers for Diversity 2024 in April. The company's CEO, Pedro Azagra, emphasized their ongoing commitment to advancing disability inclusion and creating a diverse, inclusive energy sector.
Avangrid (NYSE: AGR) has declared a quarterly dividend of $0.44 per share on its Common Stock. The dividend will be payable on October 1, 2024, to shareholders of record at the close of business on September 2, 2024. This announcement demonstrates Avangrid's commitment to providing regular returns to its shareholders, maintaining its dividend policy. The consistent dividend payout may be seen as a positive sign of the company's financial stability and confidence in its future performance.
Avangrid (NYSE: AGR) has begun producing power from its True North solar project in Falls County, Texas, marking a significant milestone. The project has commissioned 20 MW so far, with full commercial operations expected by the end of 2024. True North will be Avangrid's largest solar power project and its first in Texas, with a total capacity of 238 MWac (321 MWdc).
The project will supply clean energy to support Meta's net zero commitment, including its upcoming data center in Temple. It's expected to generate over $40 million in property taxes over its lifetime, benefiting local public services and schools. Avangrid has a strong presence in Texas, with over 1,200 MW of installed wind capacity and more than $100 million paid in property taxes from existing facilities.
Avangrid (NYSE: AGR), a leader in sustainable energy and part of the Iberdrola Group, has earned the prestigious 2024 CSO Award from Foundry’s CSO. The award recognizes outstanding security projects and initiatives that offer significant business value and thought leadership. Avangrid was honored in the Intelligence and Security Organization category for its pioneering partnership with a state fusion cell, which involves sharing security intelligence and data.
This innovative public-private partnership has enhanced data sharing speed and accuracy, enabling Avangrid to perform stronger security assessments with real-time data. CEO Pedro Azagra highlighted the importance of robust regional, state, and federal partnerships in their cybersecurity efforts. The CSO Awards celebrate organizations that excel in addressing the expanding threat landscape through cutting-edge security projects and initiatives.
Avangrid (NYSE: AGR), a prominent sustainable energy company under the Iberdrola Group, has made TIME's inaugural list of America’s Best Mid-Size Companies 2024. This recognition is based on sustainability transparency, revenue growth, and employee satisfaction. Avangrid’s CEO, Pedro Azagra, emphasized that this accolade showcases the company's commitment to sustainability, growth, and employee well-being. Avangrid has been a leader in clean energy, boasting an emissions intensity six times lower than the U.S. power sector average since 2015. The company operates 8.8 gigawatts of emissions-free capacity across 24 states and serves over 3.3 million customers in the Northeast. Notably, their Vineyard Wind 1 project is now delivering over 136 megawatts to Massachusetts, marking it as the largest operational offshore wind project in the U.S.
Avangrid, a sustainable energy leader and part of the Iberdrola Group, has begun installing solar panels at its Powell Creek project in Putnam County, Ohio. The project, which started construction late last year, will feature around 300,000 solar panels, generating enough power for 30,000 homes annually. It will also create up to 400 local jobs during construction. The nearby Miller City has annexed the project area to capture revenues for a new sewer line, facilitating the town's growth. This is Avangrid's second renewable energy project in Ohio, following the Blue Creek wind farm established in 2012.
Avangrid (NYSE: AGR) will publish its second quarter 2024 financial results on Tuesday, July 23, 2024, after market close. The earnings report, including a presentation and news release, will be available on the Investors' section of the company's website. An advisory news release will be issued via Business Wire on the evening of July 23rd, providing a link to the financial results. Investors and stakeholders can access detailed financial information and updates from Avangrid's website at www.avangrid.com/wps/portal/avangrid/Investors.
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