Avangrid Boosts U.S. Supplier Investment to $4.3B, Supporting Economy

Avangrid increases its U.S. supplier investment to $4.3 billion in 2024, enhancing a robust supply chain network.
interconnected poles and wires over a map of the US

In an era where uncertainties surrounding tariffs cause hesitation, some companies are forging ahead with ambitious supply chain strategies. Avangrid, based in Orange, Connecticut, is one such company making significant strides by strengthening its commitment to an American supply chain.

Avangrid, part of the Iberdrola Group, operates eight electric and gas utilities across New York and New England. It recently announced an increase in its investment with U.S. suppliers to $4.3 billion for 2024, marking a 16% rise compared to the previous year. This initiative showcases Avangrid’s dedication to fostering a robust network of approximately 7,000 suppliers, all contributing to the sourcing of U.S.-made equipment from businesses spanning all 50 states.

“These figures are remarkable and demonstrate Avangrid’s commitment to supporting our domestic partner network,” stated Avangrid CEO Pedro Azagra. He emphasized how their energy infrastructure projects not only deliver reliable and affordable power but also bolster local and regional economies. “Avangrid is proud to support American companies and jobs through our supply chain,” Azagra added.

The company has laid out a $20 billion investment plan aimed at enhancing U.S. grid infrastructure by the decade’s end. This substantial investment will leverage Avangrid’s U.S. supplier network to meet the increasing energy demands from growing sectors like manufacturing and data centers, ensuring consistent power delivery nationwide.

Highlighted U.S. Suppliers of Avangrid

Thomasson Company

Based in Macon, Mississippi, Thomasson Company specializes in producing treated wood poles, sourced from its mill and partner mills across the Southeast. As a woman-owned business employing over 100 people, Thomasson plays a crucial role in Avangrid’s utility operations and storm response efforts.

“The partnership between Thomasson Company and Avangrid has been vital to the success of our company,” expressed Craig Vowell, sales lead with Thomasson Company. He highlighted the company’s dedication to regional economic contributions and employee livelihood, noting, “We look forward to future growth together.”

Thomasson-made utility poles split by a rainbow

Thomasson made utility poles split by a rainbow Courtesy Thomasson Company

The Okonite Company

With a strong focus on quality and reliability, the Okonite Company, based in New Jersey, supplies critical wires and cables to Avangrid. As a 100% employee-owned company, Okonite ensures that each team member is invested in their work. The company operates multiple state-of-the-art manufacturing facilities across South Carolina, Kentucky, and California.

“Okonite’s employee owners contribute to Avangrid’s mission with world-class products and services,” said Jonathan Havey, vice president of sales and marketing. “Their partnership indirectly supports hundreds of employees, and every foot of cable we produce carries not just electricity, but the pride of the people who made it.”

Southwire Company

A long-standing partner of Avangrid, Southwire Company, headquartered in Carrollton, Georgia, provides essential equipment for infrastructure, transmission, and substation projects. With manufacturing facilities in states like Alabama, Georgia, Indiana, Kentucky, Mississippi, North Carolina, and Texas, Southwire remains a pivotal supplier in Avangrid’s network.

Original Story at www.renewableenergyworld.com