Avangrid Says Subsidiary Secured $31.8M Federal Grant To Deploy Cutting Edge Grid Technology
Portfolio Pulse from Benzinga Newsdesk
Avangrid's subsidiary has secured a $31.8 million federal grant from the U.S. Department of Energy's GRIP program, funded by the Bipartisan Infrastructure Law, to deploy advanced grid technology.
October 18, 2024 | 11:33 am
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Avangrid's subsidiary received a $31.8M federal grant to implement advanced grid technology, enhancing grid resilience and innovation.
The $31.8M grant from the DOE's GRIP program is a significant financial boost for Avangrid, enabling the deployment of cutting-edge grid technology. This development is likely to enhance the company's technological capabilities and market position, positively impacting its stock price in the short term.
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