Avangrid Pilots New Technology To Increase Grid Capacity In New York To Accelerate Renewable Energy Adoption
Portfolio Pulse from Happy Mohamed
Avangrid, Inc. (NYSE:AGR) has announced a pilot project with LineVision, Inc. to increase capacity on its transmission lines for renewable energy in New York state. The project will use advanced monitoring to provide real-time data on where additional power can flow through the existing transmission infrastructure. This could aid in linking more renewable energy resources into New York's electrical grid and supporting the state's clean energy goals. The project is funded through round two of NYSERDA's Future Grid Challenge program.
August 30, 2023 | 12:08 pm
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Avangrid's partnership with LineVision to increase grid capacity could potentially boost its position in the renewable energy market. The project aligns with New York's clean energy goals, which could lead to further opportunities.
The project could potentially increase Avangrid's capacity to transmit renewable energy, which is in line with the growing demand for clean energy. This could enhance the company's reputation and market position, potentially leading to increased investor interest and a positive impact on its stock price.
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