Who Owns Avangrid?
Avangrid is owned by Iberdrola, a Spanish multinational electric utility company and the world's leading renewable energy producer. Avangrid operates as Iberdrola's primary subsidiary in the United States, providing electricity and gas services to approximately 3.3 million electricity customers and 930,000 natural gas customers. The company is headquartered in Orange, Connecticut.
Parent Company
Iberdrola
Acquired
2015
Status
Private
Headquarters
Orange, Connecticut, USA
Who Owns Avangrid?
- Parent Company: Iberdrola
- Ownership Type: Subsidiary
- Acquisition Year: 2015
- Company Type: Publicly Traded
- Stock Ticker: IBEX 35: IBE
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Avangrid | Iberdrola | Subsidiary |
History of Avangrid
- Founded: 2015
- Founders: Iberdrola (merger of Iberdrola USA and UIL Holdings)
- Acquired by Iberdrola: 2015
Avangrid's history traces back to 1998 when Iberdrola purchased Energy East Corporation in the United States, establishing its North American presence. Iberdrola renamed the company Iberdrola USA and operated it as its US subsidiary for several years.
In 2015, Iberdrola USA merged with UIL Holdings Corporation, a major US utility company. Following this merger, the combined entity was renamed Avangrid, creating a larger, more diversified energy company serving customers across the northeastern and midwestern United States.
Under Iberdrola's ownership, Avangrid has expanded its renewable energy portfolio significantly. The company operates Avangrid Renewables, which owns and operates wind and solar generation facilities across more than 20 states. Avangrid has also invested in smart grid technology, electric vehicle charging infrastructure, and grid modernisation initiatives. In 2024, Iberdrola acquired full ownership of Avangrid, strengthening its commitment to the US energy market. Avangrid grew its investment with US suppliers to $4.3 billion in 2024, a 16% increase compared to 2023, supporting domestic job creation and economic growth.
About Iberdrola
Iberdrola is a Spanish multinational electric utility company that operates across generation, transmission, distribution, and retail segments. The company is the world's leading renewable energy producer by installed capacity, with significant investments in wind, solar, and hydroelectric power generation.
The company operates through several major business segments: Electricity generation and supply, electricity networks and distribution, and renewable energy development. Iberdrola serves approximately 30 million customers globally through its subsidiaries and operates in nearly 40 countries across Europe, North America, and Latin America.
Iberdrola's strategic focus is on the energy transition, with substantial investments in renewable energy infrastructure and smart grid technology. The company employs approximately 40,000 people worldwide and maintains a strong commitment to sustainability and environmental responsibility.
- Founded: 1992
- Headquarters: Bilbao, Spain
- Company Type: Publicly Traded
- Stock: IBEX 35: IBE
Where Is Avangrid Made / Based?
- Headquarters: Orange, Connecticut, USA
- Manufacturing / Operations: United States
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Avangrid Ownership: Pros & Cons
Advantages
- +Access to Iberdrola's extensive renewable energy expertise and global best practices
- +Significant financial resources from parent company enabling infrastructure investment
- +Integration with world-leading renewable energy producer positioning
- +Strong focus on clean energy transition and sustainability initiatives
- +Investment in smart grid technology and network modernisation
- +Operational stability backed by Iberdrola's financial strength and experience
Considerations
- -Regulatory oversight from US federal and state energy regulators
- -Dependency on parent company strategic decisions and capital allocation
- -Integration challenges managing diverse US market conditions and regulations
- -Environmental compliance requirements across multiple jurisdictions
- -Exposure to US energy market dynamics and policy changes
- -Currency exchange risk between USD and EUR operations
Frequently Asked Questions About Avangrid
Competitors to Avangrid
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Enel | Italy | 1962 | Mass Market | Europe | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: Avangrid competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Iberdrola Stock Information
Jobs at Iberdrola
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