Iberdrola and Avangrid move forward with plan to invest $20 billion in U.S. grid infrastructure through 2030

For video of Chairman Galán meeting President Trump, please see here. Video Credit: Right Side Broadcasting Network

Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, meets with President Donald J. Trump at a State Dinner at Lusail Palace in Doha, Qatar on Wednesday, May 14, 2025. Photo Courtesy of Avangrid.

Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, joined President Donald J. Trump at a State Dinner at Lusail Palace in Doha, Qatar on Wednesday, May 14, 2025. As a leading energy company in the United States, Avangrid announced in March 2025 its plans to invest $20 billion in U.S. electrical grid infrastructure through 2030. Avangrid serves more than 3.4 million homes and business customers in major American metropolitan areas, through its eight electric and natural gas companies in New York and New England, and operates energy generation facilities in 23 states across the U.S.

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Ignacio Galán, Executive Chairman of Iberdrola and Chairman of Avangrid, meets with President Donald J. Trump at a State Dinner at Lusail Palace in Doha, Qatar on Wednesday, May 14, 2025. Photo Courtesy of Avangrid.

In addition to President Trump, Chairman Galán met with U.S. Commerce Secretary Howard Lutnick, Department of Energy Secretary Chris Wright, Emir Sheikh Tamim bin Hamad Al-Thani, and Minister of Foreign Trade of the State of Qatar Ahmad Mohammed Al Sayed.

With electric demand in the United States projected to grow by as much as 50% between 2035-2050, Iberdrola and Avangrid are demonstrating the need for critical investments in transmission, distribution, and grid expansion, modernization, and resilience. Avangrid currently operates $15 billion of regulated networks assets in the Northeast. Nearly $11.1 billion of committed investments are already underway in New York, Maine, Connecticut, and Massachusetts to upgrade and expand electricity and natural gas transmission and distribution infrastructure, and for the next five years through 2030, an additional $9 billion investments are planned through new rate cases in New York, Connecticut, and Maine.

Additionally, Iberdrola and Avangrid, through a portfolio that includes more than 75 generation facilities, are delivering over 10.5 gigawatts of energy to over 2 million homes and businesses in 23 states in the U.S. These facilities along with current and future electric and gas distribution projects will help each state, and the country, meet the growing demand for electricity, but deliver important community benefits by creating jobs, boosting economic growth, and contributing to the local tax base. In total, Iberdrola and Avangrid are projected to invest over $20 billion in U.S. networks up to 2030 and have further optional growth opportunities in generation of more than $10 billion to help meet the energy demand of the U.S.

About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company was named among the World’s Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit http://www.avangrid.com.

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