Avangrid announces investment of more than €36 million to rebuild network infrastructure in New York

Avangrid, Iberdrola's company in the United States, has announced five projects to improve the capacity and reliability of the electricity grid in Ithaca, New York, for a total of €36 M. This major investment adds to Avangrid's effort to modernise New York's electric and gas infrastructure with more than €440 M for 265 projects since the 2023 Reliable Energy Rate Plan.

The plan reflects the critical need to invest in energy infrastructure to meet growing demand, as well as the position of the United States as a top investment priority for Avangrid and Iberdrola. Avangrid will continue its unprecedented investment plan of more than €17 B through 2030 to rebuild and reinforce critical infrastructure in all of its service areas in the Northeast.

You can read the full story at the Avangrid Press Room.