Sempra Infrastructure and AVANGRID announce their intention to develop green hydrogen and ammonia projects in the United States

HOUSTON, October 12, 2022 /PRNewswire/ — AVANGRID, part of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that they have entered into a Framework Agreement (HOA) for the potential joint development of US green hydrogen and ammonia projects fueled by renewable sources.

Sempra Infrastructure (PRNewsfoto/Sempra Infrastructure)

The HOA provides a framework for companies to identify, evaluate, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of U.S. and international customers.

“The United States faces unprecedented challenges and opportunities to develop competitive solutions that meet its growing energy needs, while also aiming to transition to a cleaner, more sustainable energy future,” said Pedro Azagra, CEO of AVANGRID. “AVANGRID is very proud to innovate and develop green hydrogen and ammonia projects in collaboration with Sempra Infrastructure, which are crucial to decarbonize the industry and will help the country achieve its ambitious clean energy goals. .”

“Clean hydrogen and ammonia can be effective decarbonization solutions for various sectors in US and global markets. We are excited to work with AVANGRID to develop large-scale green hydrogen and ammonia projects to advance the role of hydrogen in the global energy transition,” said Justin Bird, CEO of Sempra Infrastructure. “Significant infrastructure will be required to make the potential of hydrogen a reality and Sempra Infrastructure’s combined platform is well positioned to support the deployment of these new energy solutions.

AVANGRID’s deep experience in renewable energy development as the third-largest renewable energy operator in the United States, complements Sempra Infrastructure’s complex project development and commercial expertise in energy fields. clean, energy networks, LNG and net zero solutions.

Sempra Infrastructure is currently developing several world-class energy transition projects in North Americaincluding LNG export projects to serve customers in the Atlantic and Pacific basins, as well as new opportunities in renewable energy, carbon capture and sequestration, and other pathways to produce hydrogen and clean ammonia by exploiting the resources available in different regions.

The referenced HOA is not binding and the development of these joint projects is subject to a number of risks and uncertainties, including entering into definitive agreements, obtaining all necessary permits and taking a final investment decision for each project.

About Sempra Infrastructure
Sempra Infrastructure provides energy for a better world. Thanks to the combined strength of its strengths in North America, the company is dedicated to enabling the energy transition and beyond. With a focus on sustainability, innovation, world-class security, defending people, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean energy, power grids and energy and LNG and net zero solutions, which should play a crucial role in the energy systems of the future. For more information on Sempra Infrastructure, please visit www.SempraInfrastructure.com and Twitter.

About AVANGRID
AVANGRID, Inc. (NYSE: AGR) aspires to be the premier sustainable energy company in United States. Based at Orange, Connecticut with about $40 billion With assets and operations in 24 US states, AVANGRID has two primary business segments: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across United States. AVANGRID employs over 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s Best Corporate Citizens. In 2022, AVANGRID ranked second in the utilities sector for its commitment to the environment and the communities it serves. The company supports the United Nations Sustainable Development Goals and was named one of the World’s Most Ethical Companies 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, SA For more information, visit www.avangrid.com.

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties and are not guarantees. . Future results may differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

In this press release, forward-looking statements can be identified by words such as “believes”, “expects”, “intends”, “anticipates”, “intends”, “plans”, “estimates”. “, “plans”, “plans”, “should”, “could”, “should”, “should”, “confident”, “may”, “may”, “potential”, “possible”, “proposed” , “ongoing”, “under construction”, “develop”, “opportunity”, “target”, “outlook”, “maintain”, “continue”, “progress”, “move”, “goal”, “aim “, “commit” or similar expressions, or when discussing our directions, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied by any forward-looking statement include risks and uncertainties relating to decisions, investigations, regulations, issuances or revocations of licenses and other authorizations, and other actions by (i) the United States Department of Energy, the Comisión Reguladora de Energía, the United States Federal Energy Regulatory Commission and other regulatory and governmental agencies and (ii) the United States, Mexico and the states, counties, cities and other jurisdictions of these and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks relating to (i) the ability to make a final investment decision, (ii) the completion of construction projects or other transactions on time and on budget, (iii) realizing the anticipated benefits of any of these efforts if successful, and (iv) obtaining the consent or approval of partners or other third parties, including government and regulatory agencies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, real estate disputes and other proceedings; changes in laws and regulations, including certain from Mexico the laws and rules that have an impact on the authorization of energy suppliers, the tariffs of energy contracts, the electricity industry in general and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including from state and state-sponsored actors, to the energy network, storage and pipeline infrastructure, information and systems used to operate our business, and the confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third parties we do business with, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; the inability of foreign governments, public entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to lower our credit ratings or place such ratings on a negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, laws, rules and disclosures, and related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and the risk of non- -recovery of blocked assets; the pace of development and adoption of new technologies in the energy sector, including those designed to support the energy and climate objectives of governments and private parties, and our ability to integrate them in a timely and cost-effective manner into our activities ; weather conditions, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system failures or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers or may affect our ability to obtain satisfactory levels of affordable insurance; inflationary and interest rate pressures, currency and commodity price volatility, and our ability to effectively hedge these risks; the availability of natural gas; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and execution of our operations; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and may be imposed in the future under the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties or impair our ability to resolve commercial disputes; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are discussed in more detail in the reports that Sempra has filed with the United States Securities and Exchange Commission (SEC). These reports are available free of charge through the EDGAR system on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not place undue reliance on forward-looking statements.

Sempra Infrastructure is not the same company as San Diego Gas & Electric Company or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries is regulated by the California Public Utilities Commission.

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SOURCE Sempra North American Infrastructure

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