Avangrid Invests $7 Million in American-Made Transformers

Avangrid sources five transformers from WEG Transformers USA to support its $18.5B grid modernization efforts

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced a strategic investment of $7 million to purchase five power transformers manufactured in Washington, Missouri by American manufacturer WEG Transformers USA. The investment, part of Avangrid’s plan to invest $18.5 million in grid infrastructure by 2028, underscores Avangrid’s commitment to strengthening the grid while supporting American manufacturing and local jobs. The five transformers will be utilized by Avangrid utility companies Central Maine Power and New York State Electric & Gas.

“Sourcing these transformers here in the U.S. is a clear investment in American workers and American manufacturing,” said Avangrid CEO Jose Antonio Miranda. “As we move forward with our plan to direct $18.5 billion in a modern, resilient grid, we’re putting that investment to work in American factories, supporting American jobs, and strengthening the nation’s energy independence.”

“WEG Transformers USA is excited and honored to be able to provide the transformers for this critical project,” said Phillip James, VP WEG Transformers USA. “Avangrid is a long-term customer for WEG and we really appreciate the confidence that Avangrid has in WEG to provide transformers for the infrastructure projects of their utility companies in the US.”

In 2024, Avangrid grew its investment with U.S. suppliers to $4.3 billion, representing a 16% increase compared to 2023. By working with businesses in every state in the country, Avangrid sources American-made equipment for its utility companies in the Northeast and power generation projects nation-wide.

In September, Avangrid announced Iberdrola’s plans to invest $18.5 billion in the United States by 2028, with most investment directed toward grid and gas infrastructure. The investment plan, announced at Iberdrola’s Capital Markets Day on September 24, 2025, builds on Avangrid’s ongoing commitment to invest, rebuild and strengthen grid and gas infrastructure across its New York and New England utility companies, which serve more than 3.4 million customers.

About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine, and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company was named among the World’s Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit http://www.avangrid.com.

About WEG: Founded in 1961, WEG is a global electro-electronic equipment company, operating in the capital goods sector a with focus on electric motors, gearboxes and drives and controls, energy generation and transformers, electrification products and systems, automation and digitalization. WEG stands out in innovation by constantly developing solutions to meet the major trends in energy efficiency, renewable energy and electric mobility. With manufacturing units in 17 countries and present in more than 135 countries, the company has more than 45,000 employees worldwide. WEG Transformers USA a subsidiary of WEG, operates three manufacturing facilities located in Washington, MO for the manufacturing, assembly, supervision, and commissioning services of Power and Distribution Transformers up to 161kV / 100MVA. http://weg.us