Avangrid Renewables Launches the Largest “Green” Balancing Authority
Demonstrates Innovative Renewable Solutions for Customers
Click Here for a PDF version of this press release.
August 1, 2018
PORTLAND, Ore. — Continuing its legacy of utilizing sophisticated technology blended with innovative expertise to provide a more cost-effective solution for its customers, Avangrid Renewables has launched its “Green” Balancing Authority in the western region power sector.
“This is an exciting, dynamic moment for our customers,” said Avangrid Renewables CEO Laura Beane. “Yet, this is also a very logical next step for us as we have been running a “self-supply” renewable delivery program for our WECC customers for quite a while now. This allows us to offer our customers a more cost-effective solution and greater access to customized products and services.”
The “Green” Balancing Authority (BA) is the largest renewable generation resource-only BA in WECC, comprising more than 1,300 megawatts (MWs) of renewable generation facilities. It will utilize a combination of owned and contracted resources, hour-ahead capacity purchases and intra-hour energy purchases, which will minimize incremental carbon emissions from balancing the wind and solar facilities.
“Because we have 24/7 meteorology and real-time energy management desks combined with our industry leading National Control Center, we can make this happen for our customers,” explained Gerry Froese, Avangrid Renewables’ managing director of product development. “We’re looking forward to a future that allows us to operate with more flexibility and gain access to a greater number of market structures.”
Avangrid Renewables anticipates that the BA platform will provide the long-term certainty necessary to add more wind, solar and even battery storage facilities to its “Green” BA in the coming years, enabling the company to continue to provide an even greater level of service to its customers.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with $31 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.1 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.’s Sustainable Development Goals, received a Climate Development Project climate score of “A-,” the top score received in the utilities sector, and has been recognized for two consecutive years by Ethical Boardroom as the North American utility with the “best corporate governance practices.” For more information, visit www.avangrid.com.
About Avangrid Renewables:: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities primarily using wind power. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridren.com.