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    More than 80% of Iberdrola's high and medium voltaje grids around the world will be smart by 2025


    November 18, 2022 - ENP Newswire

     

      More than 80% of Iberdrola's high and medium voltaje grids around the world will be smart by 2025.

      The energy company has celebrated the first edition of Innovation Week, in its Global Smart Grids Innovation Hub with the presence of Mario Ruiz - Tagle, CEO of Iberdrola Spain.

      The company will allocate 27,000 million euros to develop its network business globally over the next three years.

      As part of its strategy towards energy transition, and with the aim of contributing to the decarbonization of the economy, Iberdrola is committed to digitizing more than 80% of its transmission and distribution networks by 2025.

      The grids are the backbone of the new energy model and the path for the transition to a green economy, which will enable the integration of more renewables, sustainable mobility and electric vehicles, smart cities and self-consumption.

      Therefore, by 2025, the company will allocate 27,000 million euros to its network business to develop its activity globally. In Spain, in particular, it will allocate 5% of the total, which will amount to 1.35 billion euros.

      'The role of electricity grids in connecting and integrating distributed renewable generation, mobility and air conditioning into the system is strategic if we want to achieve the electrification of the economy,' said Mario Ruiz-Tagle, CEO of Iberdrola Spain, in his closing speech at the first edition of Innovation Week, held this week at the Global Smart Grids Innovation Hub, the company's global center for smart grids, located in Bilbao.

      Under the slogan 'Building together the grid of the future', and with the aim of sharing the most advanced innovation projects in the field of smart grids, the meeting was attended by Arantxa Tapia, Minister of Economic Promotion and Infrastructures of the Basque Government, and Elena Leon, Director of the Networks Business of the Iberdrola Group.

      The event was also attended by all the agents involved in the process of transforming the electricity system, from universities and institutions to companies and young talents.

      BOOSTING INNOVATION

      Investment in R&D&I is essential on the road to transforming grids into a smart, more reliable and secure infrastructure that enables more economical and responsible consumption. 'Innovation and technology, with the use of data and artificial intelligence as a lever to provide value, are the only way to continue advancing along this path,' said Ruiz-Tagle.

      Iberdrola's CEO also highlighted Spain's leading role in the grids of the future. 'We are positioned as the engine of the transition, to generate employment and enable this necessary take-off through innovation and growth,' he said.

      In recent years, Iberdrola has invested more than 100 million euros annually in innovation projects to continue advancing in the digitization of electricity grids. In Spain, this investment will continue to grow by up to 25% over the next five years, with the Bilbao Hub as one of its hubs of activity.

      In order to achieve the objective set, it is also necessary to have the collaboration and alignment of all the agents involved, not forgetting the administrations. 'To make the networks of the future a reality, we need frameworks to attract the necessary investment with practical and agile mechanisms, and to develop open innovation collaboration models that attract talent,' said Iberdrola's CEO.

      TECHNOLOGY JOBS ACCELERATOR

      The energy transition will require a generation of professionals with the highest skills to meet the challenges of the future. To promote their preparation, more than 100 students from different universities and young people recently incorporated into the labor market have had the opportunity to participate in a collaborative meeting in which they have addressed the use of data provided by the digitization of the network to offer a better service to customers.

      The Innovation Week has also hosted a sample of the latest technology for grid management, such as the use of drones for remote monitoring of substations and the installation of bird protection elements in overhead lines or the use of virtual reality in the supervision of electrical infrastructures, such as substations, without the need to travel. This type of development aims to reduce risk situations for field professionals and optimize network maintenance.

      COLLABORATIVE HUB ON DECARBONISATION

      The meeting also brought together the collaborating companies of the Iberdrola group's global smart grid center which, in its first year of operation, has managed to bring together more than 80 national and international companies and entities for the development of solutions for the digitalization of grids, integration of renewables, deployment of electric vehicles, big data, efficiency and energy storage systems.

      This technological space has already identified more than 120 R&D&I projects in which some 220 professionals are already working. Iberdrola has set up working groups with the different collaborators, in which the company's technical experts analyze, together with the companies most active in R&D&I, the needs of the business in order to prioritize the lines of work in the new technologies available.

      In this way, the Global Smart Grids Innovation Hub has become a pole of growth and collaboration around decarbonization and the fundamental role of smart grids in the energy transition. To this end, it combines its technological capacity with that of equipment and service providers, universities and start-ups from all over the world, thus proposing the design of the electricity grid of the future.

      Electric grids will be a key pillar of the Iberdrola group's growth in the coming years, as a fundamental part of the integration of new renewable capacity and the implementation of new distributed solutions and services. The company expects to reach a regulated asset base of 56 billion euros worldwide by 2025, which represents a 44% growth compared to the 39 billion euros estimated for this year.

      Contact:

      Media

      Corporate Communication

      Tel: +34 91 784 32 32

      E: comunicacioncorporativa@iberdrola.es

      Brand Manager

      E: globalbrand@iberdrola.com

      Social Responsibility Office

      E: responsabilidad_social@iberdrola.es

      Investor

      E: investor.relations@iberdrola.es

      Shareholder's Office

      Tel: +34 900 10 00 19

      E: accionistas@iberdrola.com

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