Avangrid Subsidiary CMP Wins $30M Federal Smart Grid Technology Grant
Portfolio Pulse from Benzinga Newsdesk
Avangrid's subsidiary, Central Maine Power (CMP), has won a $30 million federal grant for smart grid technology. The grant, established by the Bipartisan Infrastructure Law, will enhance grid flexibility and improve the resilience of Maine's power grid against extreme weather threats.
October 18, 2023 | 6:32 pm
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Avangrid's subsidiary CMP has received a $30 million federal grant for smart grid technology. This could potentially boost Avangrid's position in the energy sector and increase its value.
The grant will be used to enhance grid flexibility and improve the resilience of Maine's power grid, which is managed by Avangrid's subsidiary CMP. This could potentially lead to increased reliability and efficiency in the power grid, which could in turn increase Avangrid's value and attractiveness to investors.
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