Iberdrola Group subsidiary Avangrid has unveiled its plan to invest $20bn in US electrical grid infrastructure by the end of 2030.
The announcement follows the participation of Avangrid and Iberdrola in the CERAWeek 2025 conference in Houston, Texas.
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Iberdrola’s executive chairman, Ignacio Galán, and Avangrid’s CEO, Pedro Azagra, held discussions with US policymakers including the US Secretary of Energy Chris Wright and the White House National Energy Dominance Council chair and US Secretary of the Interior Doug Bergum.
They addressed the increasing demand for energy and the urgent need to invest in energy infrastructure, emphasising that the US is a leading investment destination as Avangrid and Iberdrola work to modernise and expand the nation’s electrical grid.
The investment comes as US energy demand is rising due to growth in manufacturing and data centres.
The investment plan may also present opportunities for a new generation.
Avangrid holds $50bn in assets across 23 US states and employs 8,000 people. Its eight utilities in the northeast serve more than 3.3 million customers.
It owns and operates 10.5GW of generation capacity, enough to power more than three million homes.
In October 2024, Avangrid Renewables and Invenergy NE Offshore Wind secured two lease areas each in the Gulf of Maine for $22m in a US offshore wind lease auction.
Avangrid obtained two leases: OCS-564, encompassing 98,565 acres for $4.9m, and OCS-568, covering 124,897 acres for $6.2m.
Invenergy secured the OCS-562 lease, covering 97,854 acres for $4.9m, and the OCS-567 lease, spanning 117,780 acres for $5.9m.
