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Stock impact report

Avangrid Subsidiary Awarded $31.8M Federal Grant to Deploy Cutting Edge Grid Technology

Avangrid, Inc. (AGR) 
Last avangrid, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Business Wire
Grant from U.S. Department of Energy brings Central Maine Power and Avangrid’s total federal awards for Maine to nearly a half billion dollars in one yearWhen deployed, smart grid technologies will help connect more renewable energy to Central Maine Power’s electric grid AUGUSTA, Maine--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that Central Maine Power (CMP) has been awarded $31.8 million in federal funding to deploy innovative technologies to create a more modern and dynamic power grid to support the deployment of renewable energy in Maine. This grant was awarded through the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program and is funded by the Bipartisan Infrastructure Law.These initiatives are being driven at the state-level in Maine by the Flexible Interconnections and Resilience for Maine (FIRM) project, led by the Governor’s Energy Office, part of th Show less Read more
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