ACCELERATING THE ENERGY TRANSITION
At AVANGRID, we are accelerating the transformation to a cleaner tomorrow.
Our Environmental, Social, Governance, and Financial (ESG+F) led strategy shapes our business decisions and helps further our sustainability commitments.
We believe in a sustainable energy future. And we’re making it a reality—by investing in clean, renewable resources and supporting research in smart grid innovation. We’re furthering energy conservation, too, by sharing strategies to lessen in-home usage and promoting the use of electric and hybrid vehicles. Beyond these individual actions, we support responsible environmental policies and are reducing our own carbon impact.
- In 2021, we invested $2.2 billion in our gas and electric companies to better serve our customers and communities and to make critical system enhancements, as part of a total planned capital spend of more than $20 billion across our business from 2020 to 2025.
- Today we also generate enough clean energy to power nearly two million homes, with over 8.8 gigawatts (GW) of capacity across 22 states, and we’re just getting started. For example, in 2021 we began construction on our joint venture project, Vineyard Wind 1, the first commercial-scale offshore wind project to break ground in the United States, and we continue to expand our onshore wind and solar 18 GW portfolio with approximately 1 GW currently under construction.
In 2017, we became the first US utility to set a goal for carbon neutrality from owned and controlled sources by 2035. We’ve made great strides towards our goals and plan to significantly increase the renewable energy we generate while achieving net zero emissions. Our commitments include converting the majority of our fleet to clean energy vehicles by 2030, increasing the amount of renewable energy we consume in our own operations, installing EV charging stations to power our fleet, providing access to EV charging for our employees, and much more.
Our investments in Avangrid Networks and Avangrid Renewables are all about accelerating transformation to a clean energy future with more renewable, sustainable power and a more resilient and reliable energy infrastructure that supports our communities and our planet.
*From owned or controlled sources