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INDUSTRY UPDATES
businesswire | April 18, 2023
AVANGRID a leading sustainable energy company and part of the Iberdrola Group, and the Navajo Tribal Utility Authority (NTUA), the largest multi-utility enterprise owned and operated by a Native American tribe, today announced they have signed a Memorandum of Understanding (MOU) to explore opportunities to develop up to 1 GW of green energy projects within the Navajo Nation in the states of New Mexico and Arizona.
This partnership will allow the two parties to collaborate and study the feasibility of developing wind and solar projects, as well as battery storage solutions, to create new jobs, create economic development on the Navajo Nation, offset lost revenue on the Navajo Nation, and bring reliable, affordable, and renewable energy to power Navajo Nation businesses and residents.
“We are thrilled to announce this collaboration with the NTUA, which allows us to join efforts to study and develop green energy projects with the potential of bringing important benefits to the region”, said Pedro Azagra, CEO of AVANGRID. “Partnerships like these reflect our steadfast commitment to making a meaningful, positive impact in the lives of the families in the communities where we are present.”
“NTUA Generation has been working diligently to explore renewable energy development opportunities on the Navajo Nation with the promise of new jobs and clean green energy,” said NTUA General Manager Walter Haase.
“We do believe the partnership we have with AVANGRID will advance clean green energy development on the Navajo Nation and will help provide benefits to the communities served by NTUA,” Haase said. “We look forward to the progress this partnership will bring.”
“The Navajo Nation appreciates Navajo Tribal Utility Authority’s efforts in the clean energy generation space. As a wholly owned entity of the Navajo Nation, the utility’s tenacity and development of partnerships shows what can be accomplished,” said Navajo Nation President Nygren.
“This partnership is transformative and exactly what the Inflation Reduction Act was intended to encourage. AVANGRID and Navajo Nation’s commitment to explore opportunities together to build clean energy projects will create new revenue streams and lower energy costs for New Mexicans. I hope to see many more innovative partnerships in the coming months and years”, said U.S. Sen. Martin Heinrich.
As part of this partnership, AVANGRID and NTUA will explore how the projects being contemplated could benefit from the Inflation Reduction Act (“IRA”), the largest climate investment in the U.S. and global history. The IRA opens a path to meaningful emissions reductions in Indian tribes through the development of projects that can help them transition to a cleaner energy economy.
About AVANGRID
AVANGRID, Incaspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, AVANGRID ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A.
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ENERGY
businesswire | March 24, 2023
AVANGRID, a leading sustainable energy company and part of the Iberdrola Group, has announced today the signing of a power purchase agreement (PPA) with Meta to procure renewable energy from True North, a 240 MW solar farm under development in Falls County, Texas, and AVANGRID’s first solar facility in the state.
“We are proud to sign this agreement with a partner like Meta who, like us at AVANGRID, has a strong commitment to accelerating the energy transition in the U.S.,” said Pedro Azagra, AVANGRID’s CEO. “With projects like True North, we continue our mission of helping the country meet its ambitious clean energy goals, while also creating quality jobs and strengthening our local economies.”
“We’re excited to expand our partnership with AVANGRID to help bring new solar energy to support our local operations in Texas,” said Urvi Parekh, head of renewable energy at Meta. “True North will support our commitment to 100% renewable energy and represents additional investment and jobs for the region.”
Since 2020, Meta’s global operations have been supported by 100% renewable energy. The True North project will support Meta’s upcoming data center in neighboring Temple, their second data center facility in Texas.
True North, AVANGRID’s first solar farm in Texas, will deliver 240 MW of clean, renewable energy once it reaches commercial operations, which is expected by early 2025. During its construction and operation, True North will create over 200 local jobs and is expected to pay over $40 million in property taxes over 25 years in this state, in which the company already operates more than 1,250 MW of onshore wind facilities.
With more than 8.6 GW of installed renewable capacity, including 1.1 GW of solar projects operating and under construction, AVANGRID is the third largest renewable energy operator in the U.S. In total, the company has a strong pipeline of more than 25 GW under development, encompassing solar, onshore wind, offshore wind, and battery energy storage.
About AVANGRID
AVANGRID, Inc. aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: networks and renewables. Through its networks business, AVANGRID owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, AVANGRID owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, AVANGRID ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A.
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ENERGY
Vicinity Energy | April 10, 2023
Vicinity Energy, a national decarbonization leader with an extensive portfolio of district energy systems across the United States, announced its partnership with Augsburg, Germany-based MAN Energy Solutions to collaborate in the development of low-temperature source heat pump systems for steam generation. Vicinity plans to install an industrial-scale heat pump complex at its Kendall Station facility by 2026.
“Vicinity’s first heat pump complex in Cambridge, MA, which draws from proven examples in Europe, will be the largest in the U.S. It will be powered by renewable electricity to safely and efficiently harvest energy from the Charles River, returning it at a lower temperature," says Bill DiCroce, president and CEO of Vicinity Energy. “We have made a lot of progress harvesting the energy of the sun and wind, MAN’s cutting-edge technology will now enable Vicinity to renewably harvest energy at scale from rivers and oceans, which are presently warming from the effects of climate change. This is a big deal in district energy’s efforts to decarbonize cities, and Vicinity is very proud to lead the way with MAN in this exciting venture.”
“The heating sector accounts for 30-40 percent of global CO2 emissions. The global energy transition cannot succeed without decarbonizing heat,” says Uwe Lauber, CEO and CSO of MAN Energy Solutions. “At the same time, district heating systems are one of the most efficient and sustainable ways to provide heat to commercial buildings and industrial facilities. Hence the task is to reduce district heating systems’ dependence on fossil fuel-fired heat sources. Our heat pump technology can do that, with many examples in the European field to prove it. I am very happy to collaborate with Vicinity Energy on the application of our technology to support Vicinity’s impressive district energy system.”
The race to net zero
This announcement represents another significant step in Vicinity's plans to electrify its operations to achieve net zero. In 2022, the company kicked off its electrification strategy by deconstructing a steam turbine at its Kendall Facility in Cambridge, Massachusetts. In its place, Vicinity is installing an industrial-scale electric boiler that will begin supplying carbon-free eSteam™ to customers in 2024.
The company’s other 11 locations in major cities nationwide will undergo similar electrification processes in the coming years to achieve its goal of net zero by 2050.
About Vicinity Energy
Vicinity Energy is a clean energy company that owns and operates an extensive portfolio of district energy systems across the United States. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. The company is committed to achieving net zero carbon across its portfolio by 2050. It continues to invest in its infrastructure and the latest technologies to accelerate the decarbonization of commercial and institutional buildings in city centers.
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