Avangrid, Inc. (AGR): Análise de Pestle [Jan-2025 Atualizada]

No cenário dinâmico da energia renovável, a Avangrid, Inc. (AGR) está na vanguarda da inovação transformadora, navegando em terrenos políticos, econômicos e tecnológicos complexos com precisão estratégica. Essa análise abrangente de pestles revela os desafios e oportunidades multifacetados que moldam a trajetória da empresa, oferecendo informações sem precedentes sobre como o AVANGRID não está apenas se adaptando às transições energéticas globais, mas impulsionando ativamente o desenvolvimento de infraestrutura sustentável. Das paisagens de políticas federais a integrações tecnológicas de ponta, a abordagem da empresa representa um plano atraente para as empresas de energia modernas que buscam equilibrar a administração ambiental com o crescimento robusto dos negócios.

AVANGRID, INC. (AGR) - Análise de Pestle: Fatores Políticos

Políticas de energia renovável e incentivos fiscais federais

A Lei de Redução de Inflação de 2022 fornece US $ 369 bilhões em investimentos em energia limpa, impactando diretamente as estratégias de desenvolvimento de energia renovável da Avangrid. Crédito tributário de produção (PTC) para projetos eólicos ofertas US $ 26 por megawatt-hora para qualificar instalações de energia renovável.

Incentivo federal	Valor	Aplicabilidade
Energia eólica PTC	$ 26/MWH	Projetos eólicos qualificados
Crédito fiscal de investimento solar	30%	Investimentos de infraestrutura solar

Iniciativas de energia limpa da administração Biden

A meta de metas de energia limpa do governo 100% de eletricidade sem poluição de carbono até 2035. O alinhamento estratégico da Avangrid com esses objetivos posiciona a empresa favoravelmente para apoio federal.

Padrões de portfólio renovável em nível estadual

• Nova York requer 70% de eletricidade renovável até 2030
• Maine exige 80% de energia renovável até 2030
• Massachusetts alvos 40% de eletricidade renovável até 2030

Estado	Alvo renovável	Ano -alvo
Nova Iorque	70%	2030
Maine	80%	2030
Massachusetts	40%	2030

Mudanças de política potenciais na regulação energética

Discussões legislativas emergentes sugerem possíveis mudanças nas políticas de interconexão da grade e regulamentos de infraestrutura de transmissão, o que poderia afetar o planejamento estratégico de longo prazo da Avangrid.

AVANGRID, INC. (AGR) - Análise de pilão: Fatores econômicos

Preços flutuantes de commodities energéticas

A partir do quarto trimestre de 2023, os preços do gás natural tiveram uma média de US $ 2,75 por MMBTU, impactando diretamente os custos operacionais e os fluxos de receita da Avangrid. O portfólio de energia renovável da empresa ajuda a mitigar a volatilidade dos preços.

Mercadoria energética	2023 Preço médio	Impacto em Avangrid
Gás natural	US $ 2,75 por MMBTU	Pressão de custo moderada
Eletricidade	US $ 0,14 por kWh	Geração de receita estável
Produção de energia eólica	US $ 0,04 por kWh	Vantagem competitiva

Recuperação econômica e gastos com infraestrutura

A lei de infraestrutura dos EUA alocada US $ 73 bilhões para infraestrutura de grade e investimentos em energia limpa, apresentando oportunidades significativas para as estratégias de expansão da Avangrid.

Dinâmica da taxa de juros

A taxa de juros atual do Federal Reserve é de 5,25 a 5,50%. Isso afeta as estratégias de investimento de capital da Avangrid, com os custos de empréstimos afetando o financiamento do projeto.

Métrica financeira	2023 valor	Impacto potencial
Custo de capital	6.2%	Restrições de investimento moderadas
Dívida de longo prazo	US $ 4,6 bilhões	Estrutura financeira estável
Gasto de capital	US $ 1,2 bilhão	Investimento contínuo de infraestrutura

Demanda de energia sustentável

O mercado de energia renovável deve alcançar US $ 1,97 trilhão até 2030, com o Avangrid posicionado para capturar uma participação de mercado significativa por meio de seu portfólio renovável.

• Geração de energia eólica: 2.121 MW de capacidade instalada
• Projetos de energia solar: 375 MW operacional
• Crescimento energético renovável projetado: 15% anualmente

AVANGRID, INC. (AGR) - Análise de pilão: Fatores sociais

Aumentar a preferência do consumidor por fontes de energia limpas e sustentáveis ​​apoia o modelo de negócios da Avangrid

De acordo com a Administração de Informações sobre Energia dos EUA, o consumo de energia renovável nos Estados Unidos atingiu 12,2% em 2022. O portfólio de energia renovável da Avangrid está alinhado com essa tendência, com 7,7 GW de capacidade de geração renovável em 2023.

Fonte de energia renovável	Capacidade Avangrid (MW)	Porcentagem de portfólio
Vento	5,300	68.8%
Solar	1,700	22.1%
Hidrelétrico	700	9.1%

Mudanças demográficas para a consciência ambiental aumentam a reputação corporativa

Uma pesquisa do Centro de Pesquisa Pew 2023 indicou que 67% dos americanos acreditam que abordar as mudanças climáticas deve ser uma prioridade. O compromisso da Avangrid com a energia sustentável ressoa com essa tendência demográfica.

Faixa etária	Porcentagem de preocupação ambiental
18-29 anos	75%
30-49 anos	69%
50-64 anos	61%
65 anos ou mais	54%

As populações urbanas em crescimento impulsionam as necessidades de desenvolvimento de infraestrutura energética

O Bureau do Censo dos EUA informou que 83,6% dos americanos viviam em áreas urbanas em 2022. Os investimentos em infraestrutura da Avangrid têm como objetivo essas regiões de alta densidade.

Região	População urbana	Investimento de infraestrutura Avangrid (2023)
Nordeste	85.4%	US $ 425 milhões
Centro -Oeste	81.2%	US $ 275 milhões

Percepção pública de energia renovável se tornando cada vez mais positiva

Uma pesquisa de 2023 Gallup mostrou que 71% dos americanos apóiam a expansão da energia solar e eólica, indicando forte apoio público ao principal modelo de negócios da Avangrid.

Fonte de energia	Porcentagem de apoio público
Solar	79%
Vento	63%
Gás natural	44%
Carvão	22%

AVANGRID, INC. (AGR) - Análise de pilão: Fatores tecnológicos

Tecnologias avançadas de modernização de grade

A Avangrid investiu US $ 485 milhões em tecnologias de modernização de grade em 2023. A Companhia implantou 1.247 subestações digitais avançadas em sua rede, melhorando a eficiência da transmissão em 6,3%.

Tipo de tecnologia	Investimento ($ m)	Melhoria de eficiência (%)
Subestações digitais	185	6.3
Infraestrutura de grade inteligente	213	5.7
Sistemas de transmissão avançados	87	4.9

Grade inteligente e transformação digital

Avangrid implementado 387 iniciativas de transformação digital em 2023, reduzindo os custos operacionais em US $ 76,4 milhões. A empresa implantou 2.345 dispositivos de monitoramento de grade habilitados para IoT.

Tecnologias de armazenamento de energia

Os investimentos em armazenamento de energia renovável atingiram US $ 312 milhões em 2023. A Avangrid instalou 647 MW de capacidade de armazenamento de bateria em seu portfólio de energia renovável.

Tecnologia de armazenamento	Capacidade (MW)	Investimento ($ m)
Baterias de íon de lítio	423	198
Baterias de fluxo	124	67
Armazenamento térmico	100	47

Inteligência artificial e aprendizado de máquina

A Avangrid alocou US $ 54,6 milhões para as tecnologias de IA e aprendizado de máquina em 2023. A Companhia implementou 276 sistemas de gerenciamento de energia orientados a IA, reduzindo os custos de manutenção preditiva em 14,2%.

• Precisão da previsão de energia da IA: 92,7%
• Aprendizado de máquina Economia preditiva de manutenção: US $ 23,1 milhões
• Número de sistemas de gerenciamento de energia de AI-I-iabled: 276

AVANGRID, INC. (AGR) - Análise de pilão: Fatores legais

Conformidade com regulamentos de energia renovável federal e estadual

A Avangrid, Inc. está em conformidade com vários regulamentos de energia renovável federal e estadual, incluindo:

Regulamento	Detalhes da conformidade	Custo anual de conformidade
Lei do ar limpo	Conformidade total de instalações de energia renovável	US $ 4,2 milhões
Padrões de portfólio renováveis	Atendendo a 30 mandatos de energia renovável dos estados	US $ 6,7 milhões
Diretrizes da Comissão Reguladora Federal de Energia (FERC)	Aderir aos regulamentos de desenvolvimento de infraestrutura	US $ 3,9 milhões

Requisitos de permissão ambiental em andamento para projetos de infraestrutura

Avangrid gerencia processos complexos de permissão ambiental em várias jurisdições:

Tipo de projeto	Licenças necessárias	Tempo médio de processamento	Custo de aquisição de permissão
Desenvolvimento do parque eólico	Avaliação de impacto ambiental	18-24 meses	US $ 1,5 milhão
Infraestrutura solar	Permissões de uso da terra	12-16 meses	$875,000
Construção da linha de transmissão	Permissões de passagem federal e estadual	24-36 meses	US $ 2,3 milhões

Desafios legais potenciais relacionados ao desenvolvimento de infraestrutura energética

Os principais desafios legais enfrentados pelo Avangrid incluem:

• Disputas de aquisição de terras
• Litígio de conservação ambiental
• Direitos da Terra Tribal Nativa Americana

Os procedimentos legais atuais totalizam US $ 42,6 milhões em possíveis custos de litígio.

Estruturas regulatórias que regem os créditos e incentivos de imposto sobre energia renovável

Crédito tributário/incentivo	Valor	Projetos aplicáveis
Crédito tributário de produção (PTC)	US $ 0,027 por kWh	Projetos de energia eólica
Crédito tributário de investimento (ITC)	30% dos custos do projeto	Infraestrutura de energia solar
Incentivos energéticos renováveis ​​em nível estadual	Varia de acordo com o estado	Projetos renováveis ​​de vários estados

Total de créditos fiscais anuais e incentivos para Avangrid: US $ 187,4 milhões.

AVANGRID, INC. (AGR) - Análise de pilão: Fatores ambientais

Compromisso de reduzir as emissões de carbono

A Avangrid visa reduzir as emissões de carbono em 60% até 2030 em comparação com os níveis basais de 2017. A empresa se comprometeu a alcançar as emissões de gases de efeito estufa de zero líquido até 2050.

Investimentos de energia renovável

A Avangrid investiu US $ 6,2 bilhões em projetos de energia renovável a partir de 2023. A Companhia opera 8,2 GW de capacidade de energia renovável na geração eólica e solar.

Tipo de energia renovável	Capacidade instalada (MW)	Número de instalações
Vento onshore	7,442	21
Solar	774	12
Capacidade renovável total	8,216	33

Desenvolvimento de infraestrutura sustentável

A Avangrid desenvolveu 22 projetos de infraestrutura sustentável em 8 estados nos Estados Unidos. A empresa reduziu o consumo de água em 15% em suas operações desde 2018.

Minimização do impacto ecológico

A empresa implementou sistemas abrangentes de gestão ambiental em 100% de suas instalações de energia renovável. A Avangrid realizou 47 avaliações de impacto ambiental para novos projetos de energia em 2023.

Métrica ambiental	2023 desempenho
Redução de emissões de carbono	42% (da linha de base de 2017)
Taxa de reciclagem de resíduos	68%
Taxa de conformidade ambiental	99.8%

Portfólio de energia renovável

O portfólio de energia renovável da Avangrid gera aproximadamente 18,5 milhões de mWh de eletricidade limpa anualmente, compensando 13,2 milhões de toneladas de emissões de CO2.

Avangrid, Inc. (AGR) - PESTLE Analysis: Social factors

Sociological

The social factors influencing Avangrid, Inc. (AGR) present a clear duality: significant external recognition for corporate citizenship is juxtaposed against deep, ongoing customer friction in key service territories. This split creates a complex risk/opportunity profile, where strong Environmental, Social, and Governance (ESG) performance is a reputational asset, but local service issues are a major headwind for regulatory and public relations efforts.

You have to understand that in the utility sector, local sentiment often trumps national accolades. One bad outage or a steep rate hike can erase years of positive corporate social responsibility (CSR) work.

Ongoing customer dissatisfaction in Maine over poor service and high rates

Customer sentiment in Maine, primarily served by Avangrid subsidiary Central Maine Power (CMP), remains a critical social risk in 2025. The core issues are persistent poor service reliability and the financial burden of high rates. This dissatisfaction is highly visible and politically charged.

In October 2025, there was unanimous public opposition during a Maine Public Utilities Commission (PUC) hearing against a proposed rate hike. This increase would cost the average Maine household an additional $35 per month over five years. CMP, which serves nearly 700,000 customers in the state, argues the hike is necessary for grid improvements, but local advocates contend the company's existing profits are sufficient. Here's the quick math: that proposed $35 monthly increase translates to an extra $420 per household annually, a substantial hit to ratepayers already struggling with energy costs. The Maine Office of Public Advocate's work from July 2024 to June 2025 resulted in over $1 billion in savings for ratepayers, highlighting the scale of the cost issues being contested. This is a defintely a long-term social challenge.

Recognized as a JUST 100 company in 2025 for the fifth consecutive year

On the positive side, Avangrid maintains a strong national reputation for corporate social performance. The company was recognized on the prestigious JUST 100 list for the fifth consecutive year in the 2025 rankings, published by JUST Capital and CNBC. This recognition places Avangrid among the top-performing Russell 1000 companies based on the priorities of the American public, including worker well-being, community support, and ethical leadership.

Avangrid ranked particularly well within its industry, securing the #4 spot in the utility sector for its performance in key areas. This external validation of its corporate behavior is a crucial counter-narrative to the regional customer service issues, providing a valuable reputational buffer and attracting ESG-focused capital (Environmental, Social, and Governance investing).

• JUST 100 Ranking: #4 in the utility sector.
• Key Performance Areas: Ethical leadership, climate action, and workforce development.
• Consecutive Recognition: Fifth straight year on the list.

Commitment to achieve 35,000 employee volunteer hours in the 2025 year

Avangrid's commitment to community engagement is a significant social asset. The company's original long-standing goal of reaching 35,000 employee volunteer hours by 2025 was actually surpassed a year early, with employees volunteering over 37,000 hours in 2024. This momentum continues in 2025, demonstrating a high level of employee involvement and commitment to local communities.

For example, during a single International Volunteer Week in October 2025, nearly 700 Avangrid employees volunteered a total of over 5,500 hours across multiple states. This volunteerism is amplified through the Energized for Good program, where the Avangrid Foundation donates $15 for every hour an employee volunteers to a qualifying non-profit, up to 100 hours per employee. This structure effectively turns employee time into direct financial support for local causes.

Employs approximately 8,000 people across its US operations in 23 states

Avangrid is a major US employer, with a stable workforce base. The company employs approximately 8,000 people across its US operations, which span 23 states. This broad geographic footprint makes it a significant contributor to local economies, particularly in the Northeast where its utility network is concentrated.

This workforce size provides the capacity to serve its extensive customer base, which includes over 3.4 million customers served by its eight electric and natural gas utilities. The sheer scale of its operations means that workforce stability, training, and employee satisfaction are vital for maintaining service quality and mitigating the operational risks that feed into customer dissatisfaction.

Social Factor Metric (2025 Fiscal Year Data)	Value/Amount	Significance
Employee Count (Approximate)	8,000 people	Stable, large workforce base across 23 US states.
JUST 100 Ranking (Utility Sector)	#4	Strong national recognition for corporate citizenship and ethical practices.
Volunteer Hours (2024 Actual)	Over 37,000 hours	Exceeded the 35,000 hour goal set for 2025 one year early, showing high engagement.
Maine Rate Hike Opposition (October 2025)	Approx. $35 more per month	Indicates significant, ongoing customer and regulatory friction over utility costs for CMP's 700,000 customers.

Avangrid, Inc. (AGR) - PESTLE Analysis: Technological factors

Operates 80 power generation projects with 10.5 GW total capacity.

You need to know the scale of the operation to understand the technological challenge. Avangrid, through its power generation business, currently owns and operates a portfolio of 80 energy generation facilities across the United States. This diverse fleet, which includes onshore wind, solar, hydropower, natural gas, and fuel cells, delivers a total installed capacity of approximately 10.5 Gigawatts (GW). That's enough to power more than 3.1 million customers nationwide.

The sheer size of this distributed capacity, which spans 24 states, requires sophisticated technological oversight, especially with the company's ambitious growth pipeline of approximately 27 GW of new generation capacity. Managing this scale means the company must continually invest in advanced monitoring, predictive maintenance, and cybersecurity to keep the grid stable.

Grid modernization is driven by aging systems and demand from AI data centers.

The primary technological pressure point is the aging U.S. grid infrastructure, compounded by a massive surge in electricity demand from new technologies. Honestly, the grid is old and needs serious work. Avangrid is responding with a plan to invest a substantial $20 billion in U.S. electrical grid infrastructure modernization through 2030.

This investment is directly aimed at tackling the energy needs of the Artificial Intelligence (AI) revolution. Data center load growth has already tripled over the last decade and is projected to double or even triple again by 2028. Avangrid is already supporting this demand, with 8 active projects totaling over 1,250 Megawatts (MW) for major data center providers, plus another 6 projects under construction or soon to be, adding over 800 MW in capacity.

To improve resilience and reliability for over 1.3 million customers in Maine and Upstate New York, Avangrid's utility companies installed over 650 smart devices in 2025. These devices allow operators to remotely sectionalize circuits and reroute electricity, cutting outage duration to as little as five minutes.

Technological Driver / Investment	2025 Fiscal Year Data / Target	Strategic Impact
Total Installed Generation Capacity	10.5 GW across 80 facilities	Provides the necessary scale to meet current demand and support grid stability.
Grid Modernization Investment (2025-2030)	$20 Billion planned investment	Addresses aging infrastructure and prepares for future electrification and extreme weather.
Data Center Capacity Supported (Current)	Over 1,250 MW from 8 projects	Captures high-growth, high-demand AI/data center market.
Smart Grid Devices Installed (2025)	Over 650 devices	Reduces outage time to minutes, significantly improving service reliability.

Added nearly 600 MW of new solar capacity in the first half of 2025.

The company's commitment to clean energy technology is evident in its rapid deployment of solar assets. In the first six months of 2025, Avangrid achieved commercial operations at three new solar projects: True North Solar in Texas, Camino Solar in California, and Powell Creek Solar in Ohio.

These projects collectively added nearly 600 Megawatts (MW) of new domestic energy capacity to the U.S. grid. Here's the quick math: this addition was a major factor in boosting Avangrid's total solar energy production by an impressive 125% compared to the first six months of 2024. The True North Solar project alone, a 321 MWdc facility, is already supporting Meta's data center operations in Temple, Texas.

Innovation Policy focuses on leading the transition to an electric-based energy model.

Avangrid's formal Innovation Policy establishes its strategic intent: to continue to be a leader in the energy sector by leading the transition toward a healthier and more accessible energy model, fundamentally based on electricity (electrification). This isn't just a mission statement; it's a directive for technological investment.

The company actively pursues and pilots new technologies like battery storage, dynamic line rating (DLR), and robotics, which were highlighted at its Innovation Forum in April 2025. Last year, Avangrid invested $107 million in innovation projects, executing more than ten pilot technology projects with innovative companies and startups. This focus on research and development (R&D) is crucial for managing the intermittency of renewables and maximizing existing infrastructure efficiency (Dynamic Line Rating). Anyway, you need to invent the future to lead it.

• Invest $107 million in innovation projects (prior year).
• Execute pilot projects in battery storage and robotics.
• Share innovation practices across the Iberdrola Group.

Finance: Track Q4 2025 capital expenditure allocation to the $20 billion grid modernization plan and report on the defintely rising data center revenue stream by month-end.

Avangrid, Inc. (AGR) - PESTLE Analysis: Legal factors

You're looking at a company where the legal and regulatory environment doesn't just influence the business-it is the business. For Avangrid, Inc., the legal landscape is a complex, multi-layered structure of federal and state oversight that dictates everything from pricing to operational reliability. The key insight for 2025 is that the company's legal risks are well-managed, and the recent privatization has actually simplified some of its corporate governance structure.

Highly regulated by FERC and state Public Service Commissions (PSCs) in eight states.

Avangrid Networks operates as a regulated monopoly, meaning its revenue and investment returns are fundamentally determined by regulatory bodies. At the federal level, the Federal Energy Regulatory Commission (FERC) governs wholesale electricity sales and transmission rates. At the state level, Public Service Commissions (PSCs) or Public Utilities Commissions (PUCs) regulate the eight electric and natural gas utilities, which collectively serve more than 3.4 million customers in New York and New England.

The regulatory structure is a double-edged sword: it limits profit margins but provides a stable, predictable rate base, which stood at approximately $10.7 billion for the networks business. The need for regulatory approval is constant; for example, FERC issued a letter order in April 2025 accepting Avangrid Power, LLC's revised market-based rate tariff. That's just the cost of doing business in this sector.

The eight regulated utilities operate in four key states:

• New York: New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E). NYSEG serves 894,000 electricity customers.
• Maine: Central Maine Power (CMP).
• Connecticut: The United Illuminating Company (UI) and Southern Connecticut Gas (SCG).
• Massachusetts: Berkshire Gas Company (BGC), Connecticut Natural Gas (CNG), and Massachusetts Electric Company (MECo).

New York PSC approval is the final regulatory hurdle for the Iberdrola merger.

This is a done deal, but the legal process defined Avangrid's corporate structure for 2025. The New York Public Service Commission's approval in December 2024 was, in fact, the final regulatory hurdle required for Iberdrola, S.A. to acquire the remaining 18.4% stake in Avangrid.

The transaction, valued at approximately $2.55 billion, was completed in late December 2024, at a price of $35.75 per share. Avangrid was subsequently delisted from the New York Stock Exchange (NYSE) and now operates as a private company, a significant legal shift that streamlines investment decisions for its parent company, Iberdrola. This privatization is a clear action that enables Iberdrola to invest more efficiently in U.S. infrastructure.

Complies with mandatory reliability standards set by North American Electric Reliability Corporation (NERC).

Compliance with the North American Electric Reliability Corporation (NERC) is non-negotiable, focusing on the reliability of the bulk power system, which includes Critical Infrastructure Protection (CIP) and Operations and Planning (O&P) Reliability Standards. Avangrid's subsidiaries maintain formal NERC Compliance Programs, which are crucial for avoiding massive fines and operational shutdowns.

The company's commitment to this area is quantifiable and strong. The Compliance Unit's report was approved in February 2025, confirming the programs are designed to ensure material compliance. Furthermore, the company's ethics and compliance training, which covers NERC and Cyber Security, has historically achieved near 100% completion rates among assigned employees. This is a critical operational safeguard.

Named one of the World's Most Ethical Companies in 2025 for the seventh year.

Being recognized as one of the World's Most Ethical Companies by Ethisphere for the seventh consecutive year in 2025 is a major legal and reputational asset. This designation reflects a robust corporate governance system and high compliance standards, which directly mitigate legal and regulatory risk. Avangrid was one of only seven honorees in the Energy and Utilities industry in 2025.

The ethical focus translates into concrete compliance metrics. For instance, in 2024, the Compliance team registered over 11,000 ethics and compliance training hours and completed over 800 third-party vendor screenings. This focus on integrity has a tangible financial benefit: publicly traded honorees on the list outperformed a comparable index by 7.8 percentage points over the five years leading up to January 2025. Good ethics is defintely good business.

Legal/Regulatory Factor (2025)	Key Metric / Status	Financial/Operational Impact
FERC & State PSC Regulation	Operates 8 utilities in NY & New England; serves >3.4 million customers.	Rate base for Networks business is approximately $10.7 billion, subject to regulatory return-on-equity (ROE) reviews.
Iberdrola Merger (Completed)	NY PSC approval was the final hurdle in Dec. 2024. Iberdrola acquired remaining 18.4% stake.	Transaction value of approximately $2.55 billion; Avangrid is now a private company, simplifying capital allocation.
NERC Compliance	Maintains NERC Compliance Programs (CIP, O&P standards). Compliance report approved in Feb. 2025.	Mitigates risk of multi-million dollar regulatory fines and ensures grid reliability for 3.4 million customers.
Ethical Recognition	Named a World's Most Ethical Company for the 7th consecutive year in 2025.	Honorees outperformed a comparable index by 7.8 percentage points (Jan 2020 - Jan 2025), indicating lower reputational and legal risk.

Avangrid, Inc. (AGR) - PESTLE Analysis: Environmental factors

You're looking at Avangrid, Inc.'s environmental strategy, and the takeaway is that their aggressive decarbonization targets are a significant competitive advantage, but they create a near-term financial and public relations risk. The company is a leader in the clean energy transition, but funding the massive grid modernization required to support this transition directly impacts customer rates in key service areas like Maine and New York.

So, the immediate action item is clear. Strategy: Develop a 12-month communication plan for the $20 billion CapEx to proactively address ratepayer concerns in key states like Maine and New York, owning the narrative on grid reliability and clean energy benefits.

Target for Scope 1 and 2 carbon neutrality by 2030

Avangrid has set an industry-leading goal to achieve carbon neutrality for its Scope 1 (direct emissions) and Scope 2 (indirect emissions from purchased energy) operations by 2030. This is an ambitious target, aligning the company with the Science Based Target initiative (SBTi) and positioning it as a decarbonization leader among U.S. utilities.

The company's strategy involves a substantial reduction in greenhouse gas emissions intensity from generation sources by 35% by 2025 and 70% by 2030, both relative to 2015 levels. This commitment is defintely a core value driver, attracting capital from ESG-focused investors and providing a regulatory buffer in environmentally conscious states.

The path to 2030 neutrality includes specific actions:

• Convert 100% of light-duty vehicles to cleaner energy by 2030.
• Commit to 100% renewable energy use in corporate buildings by 2030.
• Explore new technology solutions like green hydrogen and energy storage.

On track to meet 9.5 GW emissions-free installed capacity goal by 2025

Avangrid is on track to meet its goal of 9.5 Gigawatts (GW) of emissions-free installed capacity by the end of 2025. The company's total generation capacity is already over 10.5 GW, with the majority being emissions-free wind, solar, and hydropower.

This capacity growth is accelerating, with nearly 600 Megawatts (MW) of new capacity added in the first six months of 2025 alone, primarily through new solar projects in Texas, California, and Ohio. This expansion boosted solar energy production by 125% compared to the first half of 2024.

Here's the quick math on capacity and generation:

Metric	Value (2025 Data)	Context/Goal
Total Generation Capacity	Over 10.5 GW	Across 80 operating power facilities.
Emissions-Free Capacity Goal (2025)	9.5 GW	On track to meet this target.
New Capacity Added (1H 2025)	Approximately 600 MW	Driven by new solar projects in Texas, California, and Ohio.

Generated approximately 13,000 GWh of clean energy in the first half of 2025

In the first six months of 2025, Avangrid generated approximately 13,000 Gigawatt hours (GWh) of electricity from its portfolio of clean energy projects. This substantial output was enough to power about 2.4 million U.S. homes. The generation is increasingly critical, especially with the rapid growth in demand from new industries like Artificial Intelligence (AI) and data centers, which require reliable, clean power.

Clean energy portfolio avoids over 23 billion pounds of annual CO2 emissions

The company's clean energy portfolio, comprised of wind, solar, and hydropower plants, is a powerful tool for climate change mitigation. Annually, Avangrid's generation avoids over 23 billion pounds of carbon dioxide ($\text{CO}_2$) emissions from fossil fuel energy generation.

To give you a concrete example, avoiding 23 billion pounds of $\text{CO}_2$ is roughly equivalent to sequestering the carbon from about 12 million acres of U.S. forest land, which is nearly the combined land area of Vermont and New Hampshire. This environmental impact is a key metric for stakeholders, demonstrating the tangible benefits of the company's capital allocation toward renewables.