Avangrid, Inc., a leading energy company and member of the Iberdrola Group, participated in the S&P Global Power Markets Conference this week. Avangrid CEO Pedro Azagra engaged in an Executive Dialogue moderated by Jenny Yang, Global Head of Power and Renewables Research at S&P Global Commodity Insights.
The nearly hour long dialogue attended by over 400 industry leaders covered the U.S. rising energy demand and how Avangrid’s robust power generation facilities are delivering energy to millions of home, businesses and the emerging data center boom.
“The Global Power Markets Conference is an invaluable opportunity to engage with industry leaders and share Avangrid’s commitment to helping the nation meet its energy demand in an evolving energy landscape,” said Avangrid CEO Pedro Azagra. “I was encouraged by the conversations and partnerships emerging from this week’s conference and can say Avangrid is a committed partner and leader in the U.S. energy future.”
CEO Azagra discussed Avangrid’s unprecedented USD 20 billion investment to modernize and expand the nation’s aging grid infrastructure to strengthen resiliency and energy capacity. In addition to meeting rising energy demands, Avangrid is prioritizing grid updates to ensure reliability for homes and businesses during increasingly severe storms. Avangrid’s USD 20 billion investment will continue the protection and reconstruction of substations and transmission lines, enhancing resiliency and energy capacity.
CEO Azagra also highlighted Avangrid’s growing focus on local sourcing and manufacturing. 96% of Avangrid suppliers are American and in 2024, Avangrid spent USD 4.3 billion on purchases from U.S. suppliers. Through these local investments, Avangrid supports local communities and tens of thousands of American jobs.
