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The steady electrification of energy uses driven by the decarbonisation of the economy will enable Iberdrola to add to its customer base. The group, which plans to invest more than 6 billion euros in its Wholesale and Retail business between 2020 and 2025, will by the end of this period have contracts with 60 million customer, to whom it will offer smart and innovative solutions in the residential (heat pumps, energy storage, electric mobility and self-consumption) and industrial (smart solutions, process electrification and green hydrogen) sectors. Solutions that will put customers at the heart and make them responsible for energy use.
In a fast-evolving digital world, agility and flexibility in tackling tasks and projects is the key to success. But how is this achieved? By implementing a different way of organising and working. This is where an agile culture comes in, as it improves productivity and encourages the development of liquid organisations.
The World Economic Forum celebrates its 50th Annual Meeting from 21 to 24 January. Under the heading Stakeholders for a Cohesive and Sustainable World, the gathering will bring together top leaders from business, governments and society to address the challenges and opportunities presented by the 4th Industrial Revolution. Iberdrola group, a member of the Forum, will again be taking part in the event, which will define the global agenda for 2020.
The digital revolution and the need to combat climate change, together with the recent COVID-19 pandemic, but above all, have put the reindustrialisation debate on the table. A new type of industrialisation that, rather than using out-dated models, is based on ones that back digitalisation and sustainability.
According to Oxford Economics data, the Industrial Internet of Things (IIoT) can impact industries that account for 62 % of GDP in the G20 countries. Some of these include manufacturing, energy and food. The application of IIoT in industry promises to become the biggest driver of productivity and innovation in the next decade.
Iberdrola group sees networks as being a key factor for the electrification of the economy and regional vitalisation. This is why it is positioning regulatory assets — together with renewable energies — at the heart of its strategy, as shown by its 2020-2025 investment plan. The company intends to invest over 27 billion euros in its Networks business (40 % of its planned organic investment), which will take its regulatory assets base up to 47 billion euros by 2025, which is 1.5 times its current value.