Attending Partners National Renewable Energy Laboratory, Yale University; Greentown Labs, SeaDeep, MIT, University of Massachusetts, and University of Connecticut join Avangrid to foster collaboration and develop the energy industry's next big innovation
Avangrid will invest more than $102 million in energy innovation projects in 2023
Orange, CT, May 8, 2024–(BUSINESS WIRE)–Avangrid (NYSE:AGR), a leading sustainable energy company and member of the Iberdrola Group, today held its 7th Innovation Forum entitled “Transformative Collaboration.” did. The event showcased some of Avangrid's most innovative approaches to accelerating the country's clean energy transition, both in its network and renewable energy operations. Photos from the event can be downloaded here.
“Innovation is key to developing the solutions needed to advance the transition to clean energy,” said Avangrid CEO Pedro Azagra. “But we know that decarbonization cannot be achieved through our efforts alone. The Innovation Forum brings together our many partners, including top universities, national research institutes and incubators. The innovations demonstrated today will help us improve reliability across our operations, expand access to renewable energy, and make it more cost-effective for our customers. Increase access to clean energy technologies. ”
The event was kicked off by Jaclyn Cochran, director of the Center for Grid Planning and Analysis at the National Renewable Energy Laboratory (NREL), who gave a keynote address on how NREL research will help increase renewable energy generation across the United States. What are you planning to do and what are your potential solutions? Challenges associated with decarbonization. Other partners participating in the event include Greentown Labs, SeaDeep, Yale University, MIT, University of Massachusetts, and University of Connecticut.
“At NREL, innovation is at the forefront of our thinking,” Cochran said. “Much of the power system is changing, weather is becoming more sensitive, electricity demand is increasing, and customer expectations are changing. It's important to us to engage with industry experts like Avangrid to not only share our findings and ideas, but also learn about the challenges they're experiencing. can.”
Avangrid will invest more than $102 million in energy innovation projects in 2023 and plans to increase that investment this year under the leadership of Chairman Galan in collaboration with Iberdrola. Avangrid's network team, which serves more than 3.3 million electric and natural gas customers throughout the Northeast, introduced the company's utility He Thermal Energy Network pilot project in Ithaca at the Innovation Forum. This innovative project is being implemented by Avangrid's New York subsidiary, New York State Power & Gas (NYSEG), and aims to provide an alternative to natural gas for heating without increasing demand on the electric grid. That's what I mean. The company's renewable energy team, which operates 8.8 gigawatts of emissions-free installed capacity and is developing the country's first large-scale offshore wind farm, will improve the efficiency of offshore operations and maintenance, including drone inspections of turbines and submarine cables. He presented an innovative idea that
About Avangrid: Avangrid, Inc. (NYSE: AGR) aims to be America's leading sustainable energy company. Headquartered in Orange, Conn., with approximately $44 billion in assets and operating in 24 U.S. states, Avangrid has two main lines of business: networks and renewable energy. Through his network business, Avangrid owns and operates eight electric power and natural gas utility companies, serving more than 3.3 million customers in New York and New England. Through its renewable energy business, Avangrid owns and operates a portfolio of renewable energy generation facilities throughout the United States. Avangrid has approximately 8,000 employees and was recognized by JUST Capital as one of the JUST 100 Companies, a ranking of America's best corporate citizens, in 2021, 2022, 2023, and 2024. Ta. In 2024, Avangrid was ranked #1 among power companies and #12 overall. The company supports the United Nations Sustainable Development Goals and was named the World's Most Ethical Company in 2024 by the Ethisphere Institute for the sixth consecutive year. Avangrid is a member of a group of companies controlled by Iberdrola, SA. For more information, please visit avangrid.com.
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