Avangrid subsidiary awarded $31.8M in federal funding
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Federal Funding for Power Grid Modernization: Central Maine Power (CMP) has received $31.8 million in federal funding to enhance the power grid in Maine, aimed at supporting renewable energy deployment through advanced technologies.
State-Level Initiatives: The funding is part of the Flexible Interconnections and Resilience for Maine project, led by the Governor's Energy Office, and will be used to implement smart grid technologies like Active Network Management and Dynamic Line Rating (DLR).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
