Avangrid expands collaboration with Yale on clean energy research
Avangrid (NYSE: AGR), the parent company of Connecticut”™s United Illuminating utility, is expanding its collaboration with Yale University to support clean energy research projects.
The collaboration, which began in 2019, involves research into solar energy, battery storage, electric vehicles, energy policy, clean energy leadership, market development, corporate net-zero commitments, and other topics designed to accelerate clean energy usage. Some of these projects include a data analysis of the company”™s customers in Connecticut to study the feasibility of using solar power in Avangrid”™s circuits, the use of blockchain and IoT to track and report climate action commitments, a tailored program on “purpose-driven leadership” for executives at the company and a study of network effect benefits from electricity grid connections.
“At Avangrid, we are convinced that innovation is key to developing the solutions that we need to advance the clean energy transition,” said CEO Pedro Azagra. “Strong collaborations with academic institutions, like the one we have with Yale, allow different sectors to engage in meaningful dialogue and collaborate to build a cleaner, more sustainable world for generations to come.”
“I am grateful that Avangrid and Yale will continue to work together to advance research that addresses the climate crisis,” said Yale University President Peter Salovey. “We will support a range of ongoing sustainability and energy related studies and engage student leaders at Yale who are committed to addressing systemic environmental challenges. Our endeavors stand to accelerate the development and implementation of clean energy solutions.”