Iberdrola, the utility of the future
The company has undergone a major transformation over the last 15 years, staying clearly ahead of the energy transition in order to tackle the challenges posed by climate change and the need for clean electricity.
This transformation process can only be successful with the decarbonisation of the economy, in which the electricity sector will play a key role, but also require all sources of energy to be almost carbon neutral (although their intermittent nature will require a significant increase in their storage capacity). In addition, the electricity system management procedures will become increasingly complex, needing more networks and more digitised systems in these networks; in addition, the customer will play a more active role, which will help him improve his consumption and increase his energy efficiency.
With over 170 years of experience, Iberdrola is today one of the largest electric utilities in the world and a benchmark for renewable energies. The company produces and supplies electricity to around 100 million people in the countries in which it operates. The company has also positioned itself as leader in clean energies —Iberdrola is the top renewable producer in Europe and the USA and a global leader in terms of installed onshore wind power. It is outstanding as the cleanest electricity company, with almost zero emissions— it is a pioneer in the deployment of smart grids, focused on the development of innovative and intelligent products and services for customers and has an energy storage capacity of 4.5 GQ, sufficient to meet the supply of 2.5 million domestic customers. As a result, it has managed to reduce its emissions in Europe by 75% since 2000, reaching levels that are 70% below the average figures of the European companies in the sector.
Technology and innovation are the core of the digitisation strategy at Iberdrola. The digital transformation process not only affects the generation of electricity, but also the relationship with our customers: the deployment of smart grids and smart meters has allowed us to learn about the real needs of our customers and to cater to them as efficiently as possible, with the constant innovation of our products and services. Iberdrola's 2020 Digital Plan is aimed at boosting the turnover by 36%, thanks to an investment of €3,100M, focusing on the innovation of digital services.
All of this is the result of the combination of its corporate vision - which in 2001 led the company to look ahead to future trends in the sector, the strategy to follow to make this vision a reality, its successful implementation and the ethical values that have always guided all the Group's actions. On this basis, Iberdrola is now embarking on a new stage of growth, supported by a strong investment drive from 2016 to 2020, essentially in regulated businesses or with long-term contracts, which will provide the security, stability and visibility that are the hallmarks of the company's business model. Likewise, Iberdrola will continue maintaining its social commitments, acting as a driver for the growth and generation of employment in the countries where it operates, and creating sustainable value for all its stakeholders.
A CORPORATE VISION THAT LOOKS AHEAD TO FUTURE TRENDS IN THE SECTOR
COMMITTED TO CREATING VALUE THROUGH OUR LONG-TERM SUSTAINABLE MODEL
MORE ENERGY, CLEANER ENERGY,
MORE SUSTAINABLE ENERGY
The outlook for the immediate future is a sharp growth in world energy demand that must be satisfied with clean and efficient technologies to meet the global undertaking to reduce emissions.
The electricity sector has an enormous technological potential to contribute to the decarbonisation of the economy thanks to renewable energies.
IS ON THE
Land wind power
Offshore wind power
Generation and commercial
SOME OF THE VALUES
THAT GUIDE OUR ACTIONS
AN ENDORSEMENT OF
OUR VISION AND HARD WORK
CREATING VALUE FOR SOCIETY
- Growing shareholder remuneration, in line with the rise in results: Total shareholder return of 55% in the period 2014-2016
- Social commitment:
- Environment: 30% reduction in emissions by 2020, 50% by 2030 and carbon neutral by 2050
- Universalisation of supply (security and quality) and fight against energy poverty
- Creation of employment through investment and purchases from suppliers
- Commitment to innovation: 211 million euros in R&D&I activities
- Commitment to education, training and employability (Iberdrola Campus)
- Fiscal contribution: over 5,700 million euros in 2016