INTERNATIONAL STARTUP PROGRAM

More than 10 years innovating with startups

The Iberdrola - PERSEO International Startup Program, to which 70 million euros have been allocated, is aimed at facilitating the group's access to the technologies of the future and promoting the creation and development of a global and dynamic ecosystem of technology companies and entrepreneurs of the electricity sector.

 Get to know the startups we invest in
 

Through PERSEO, Iberdrola can provide startups, particularly in Spain, the United Kingdom and the United States, with its investor support and expertise, its base of 30 million supply points and its more than 52 GW of installed capacity. In this way, it contributes to developing and boosting an innovative corporate fabric in the energy sector. The program focuses on technologies and business models that improve the sustainability of the energy model through increased electrification and the decarbonisation of the economy.

KEY FIGURES OF THE IBERDROLA - PERSEO INTERNATIONAL STARTUP PROGRAM

Total budget: 70 million euros

More than 65 million euros
invested in startups around the world

+2,000 emerging companies
in our ecosystem (increasing at a rate of 250 per year)

+30 pilot programs with new tech companies
in our ecosystem (increasing at a rate of 5 per year)

8 startups
in our portfolio

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Since its creation in 2008, it has invested about 60 million euros in startups of the energy sector worldwide, incorporating more than 2,000 emerging companies in its ecosystem, developing more than 30 pilot programs and 8 emerging companies have been included in its portfolio.

Some of its main goals include the early identification of key trends in the sector, guaranteeing the company's access to future energy technologies and promoting entrepreneurship and the development of an innovative business fabric.

In addition, the program offers a series of benefits, such as: becoming part of Iberdrola's ecosystem (a unique opportunity to have access to a vast amount of market know-how and key technologies), pilot programs to test technologies in a real environment, while accessing large amounts of data and, finally, an investment ranging from 500,000 to 3 million euros — first round — and the possibility of conversion with venture capital companies and funds.

Beyond the financial contribution, PERSEO's support for these companies has been key in defining their product and business model by providing them with its knowledge and Iberdrola's market access. The work done with the start-ups has also served us as a technological antenna to find out where is sector is headed.

Main line of actions of the program are:

  • Smart solutions for residential, commercial and industrial customers.
  • Solutions for the electricity grid.
  • Set of distributed energy resources.
  • Renewable energy integration technologies.
  • Advanced operation and maintenance technologies.
  • Electric mobility solutions.

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OBJECTIVES

Early identificaction of key trends
for the future of the company

Access to groundbreaking technologies and business models

Fostering a culture of innovation and entrepreneurial activity

WHAT CAN WE OFFER?

Access to Iberdrola's ecosystem

  • Access to market know-how and key technologies
  • A single contact point

Pilot Programs

  • Access to large volumes of data
  • Testing technology in a real environment

Investment

  • 500,000 to 3 million euros (first rounds)
  • Co-investment with venture capital companies and funds

MAIN AREAS OF INTEREST

Smart solutions for residential, commercial and industrial customers

  • Devices for smart homes/buildings
  • Energy management platforms
  • Customer loyalty tools
  • Electric heating, etc.

Solutions for the power grid of the future

  • Microgrids
  • HVDC
  • Technologies for smart grids
  • Advanced automation
  • Grid resilience technologies
  • Reliability and efficiency, etc.

Management of distributed energy resources

  • Battery control technologies
  • Solar
  • Thermal electric power

Renewable energy integration technologies

  • Flexibility platforms
  • Energy storage

Advanced operation and maintenance technologies

  • Platforms based on data
  • Drones
  • Sensors
  • Robots
  • Diagnosis
  • On-line supervision
  • Augmented Reality, etc.

Electric mobility solutions

  • Charging infrastructure
  • Mobility platform

 

 SEE INFOGRAPHIC SUMMARY: International Startup program Iberdrola - Perseo [PDF]

 Innovation Report 2016 - 2018: Iberdrola International Startup Program - PERSEO [PDF]

COMPETITIONS FOR STARTUPS

With PERSEO, Iberdrola group promotes different Startup Challenges to find innovative solutions that enable its operation to be improved and its environmental footprint to be minimised.
 

Startup Challenges launched by Iberdrola are:

Wind turbine monitoring.

Wind turbine monitoring

With this challenge, we wanted to improve the monitoring systems on wind farms, especially on the older ones.
Bird protection.

Bird protection on electricity grids

Iberdrola was seeking innovative solutions that would allow coexistence between overhead lines and the surrounding fauna and flora.
Marine mammal protection.

Marine mammal protection

With this challenge, the company aimed to find technologies to minimise the impact that offshore wind farms may have on local marine mammals.
Street lighting and cabling detection.

Street lighting and cabling detection

The aim of this competition was to find solutions to autonomously detect and validate public lighting points and cabling that are not recorded.
Collaborative electric charge solutions.

Collaborative electric charge solutions

The challenge was to find solutions for users of electric vehicles looking to share a charging point or make use of other people's charging points.
Photovoltaic cleaning.

Photovoltaic cleaning

Iberdrola asked for sustainable, low-cost waterless solutions to improve the cleaning procedures for panels in large-scale photovoltaic projects.
Resilience to extreme weather events.

Resilience to extreme weather events

The competition was for proposals to reduce the impact of natural disasters on infrastructures. Meet Skyqraft, the company that won the challenge.

POSITIVE+ ENERGY: INNOVATION AGAINST COVID-19

Iberdrola took part, along with other companies of the energy sector, in the Positive+ Energy initiative to alleviate the economic and social impact of the coronavirus through innovation. In just 13 days, the call made to startups and scaleups received 396 proposals — among them, 14 were selected — related to environmental sustainability, mobility, social impact, digitalisation, telecommunications and 4.0, always from the standpoint of energy.

WHICH STARTUPS ARE WE INVESTING IN?

Iberdrola is investing in electric vehicle charging startup Wallbox.#RRSSIberdrola is investing in electric vehicle charging startup Wallbox.

Through the PERSEO program, Iberdrola has invested in Wallbox, a smart electric vehicle charging company based in Barcelona. This is yet another move to support sustainable mobility, which will be a pivotal sector for the post-COVID-19 recovery and a basic requirement for achieving a low-carbon economy. What's more, supporting and committing to Wallbox will boost Iberdrola's strategy to drive zero-emissions transport by improving electric vehicle charging infrastructure.

The company is also investing in Spanish startup Balantia, which is working on improving energy efficiency, and US firm Innowatts, which develops Artificial Intelligence for the electricity sector.
 

Innovative idea for the energy sector.

ACHIEVEMENTS AND AWARDS

Thanks to its International Startup Program, Iberdrola has been chosen for the third year running as one of the Top 12 Corporate Startup Stars, which recognises the 12 European companies that give most help to startups. In this European Commission initiative, known as the Startup Europe Partnership (SEP), European startups nominate the most active companies in terms of open innovation. Specifically, Iberdrola has received the Corporate Startup Procurement Award 2019, and was the only electricity company selected and one of only three Spanish companies.

Diego Díaz (in the center), responsible for Perseo, collecting the European Commission Award.#RRSSDiego Díaz (in the center), responsible for Perseo, collecting the European Commission Award.