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Contract Type
agreement
EnergyRenewable Energy
Description
Avangrid, Inc, a leading sustainable energy company and member of the Iberdrola Group, 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. The 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.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months