News
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25/06/2026Iberdrola and bp advance green hydrogen development as a key enabler of electrification Iberdrola España, the Iberdrola Group's subsidiary in Spain , and bp have received approval from Spain’s Ministry for Ecological Transition and the Demographic Challenge, through the Institute for Energy Diversification and Saving (IDAE), to reallocate up to €211 million in funding from the Hy2USE IPCEI programme to their project in Castellón. The funding will allow the companies to explore opportunities to expand renewable hydrogen production at bp’s refinery in Castellón. The project is part of the strategic partnership between Iberdrola and bp to develop new energy solutions that help industrial customers replace natural gas with renewable energy produced in Spain. Renewable hydrogen could also play an important role in decarbonising hard-to-abate sectors such as ceramics and chemicals, further strengthening its contribution to the energy transition. The facility, which also involves the Energy Technology Institute (ITE) in Valencia and has secured an additional €15 million through the NextGenerationEU programme, is expected to begin producing renewable hydrogen before the end of this year. By 2026, it is set to become the largest operational green hydrogen plant in Spain. The project reflects Iberdrola’s commitment to innovation and to scaling up renewable technologies that support the electrification of the economy. You can read the full news story at the Iberdrola España Press Room . READ MORE
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24/06/2026 - 19:18 UTC +02:00Iberdrola is building its first large-scale battery in the United States Iberdrola is expanding its investments in energy storage into the United States market with the construction of its first battery facility in the country. The Shutler project, located in Gilliam County, Oregon, has an installed capacity of 41 megawatts (MW) and a storage capacity of 82 megawatt-hours (MWh). Shutler will help to strengthen the stability of the electricity grid in the north-west of the country, on the Pacific coast, where Avangrid — the Group’s US subsidiary — already has 3,000 MW of generation capacity. The project forms part of Iberdrola’s strategy to implement solutions that facilitate the integration of renewable energy and improve the system’s resilience against a backdrop of growing electricity demand. The project will enable energy to be stored during periods of low consumption or high renewable generation and released when necessary, optimising the energy system and promoting a real-time balance between supply and demand. This type of infrastructure is becoming increasingly important in the context of growing electrification. The project, which is scheduled to come on stream in 2027, will be located alongside other Avangrid renewable energy facilities already in operation or under development in the area. READ MORE
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24/06/2026 - 16:30 UTC +02:00Iberdrola boosts the flexibility of the electricity grid in the UK SP Electricity North West, the distribution business of ScottishPower, subsidiary of the Iberdrola Group in UK , has launched a new flexibility tender worth up to £14 million. The initiative aims to secure 779 MW of flexible capacity across several areas of north-west England, further strengthening the role of smart grids in the energy transition. By bringing together a wide range of flexibility providers, SP Electricity North West is creating new revenue opportunities while helping to keep costs down for consumers. The programme will also support the continued expansion of flexibility services across all voltage levels, reinforcing the company's role as an active distribution system operator. The tender marks another step forward in Iberdrola's strategy to accelerate the integration of cleaner energy sources, make more efficient use of electricity networks and build a more resilient power system. Flexibility plays a vital role in balancing electricity demand and generation in real time, particularly as electrification continues to gather pace. You can read the full story in the ScottishPower Media room. READ MORE
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24/06/2026 - 10:21 UTC +02:00Ignacio Galán receives the Atapuerca Foundation’s ‘Evolution in Human Values’ Award The Atapuerca Foundation has honoured Iberdrola’s Executive Chairman , Ignacio Galán, with the Evolution Award for Human Values, a recognition that highlights his contribution to social progress and the promotion of initiatives aligned with the principles of human development and sustainability. The award was announced by the president of the Atapuerca Foundation, Antonio Miguel Méndez Pozo, during the organisation’s Board of Trustees meeting, at which the other winners for this year were also revealed. Alongside Sánchez Galán, Queen Mother Sofía has been honoured with the Emiliano Aguirre Prize, whilst the anthropologist Carlos Peretto will receive the Prize for Scientific Achievement. The awarding of the Evolution and Human Values Prize to Galán reinforces the link between the Atapuerca Foundation and those figures whose professional careers have helped to promote the values of progress, social commitment and sustainable development – pillars that the institution considers fundamental to the evolution of society. READ MORE
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23/06/2026 - 16:20 UTC +02:00Iberdrola is making progress in modernising New York’s electricity grid with a new power transmission project New York State Electric & Gas (NYSEG), a distribution company owned by Avangrid, subsidiary of the Iberdrola Group in the United States , has completed major upgrades to around 13 miles of transmission lines in Allegany and Steuben counties, New York State. The project, known as Line 932, was completed three months ahead of schedule and under the initial budget, resulting in savings of over $2 million for customers. Furthermore, it was the first project to be completed under NYSEG’s Powering New York programme, an initiative aimed at increasing the reliability and capacity of the grid and supporting the state’s energy objectives. The project strengthens the reliability and resilience of the local electricity grid by replacing 58 ageing structures along a 12.8-mile stretch of line. These improvements will also enable progress to be made on the installation of a power flow control device near the Bennett substation in Hornell, with the aim of regulating voltage more efficiently and increasing the transmission system’s capacity. Upgrading this infrastructure will also help facilitate the connection of existing and future generation facilities, supporting the energy and economic development of New York State. You can read the full news story on the Avangrid Media room. READ MORE
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22/06/2026 - 10:30 UTC +02:00Iberdrola secures €130 million in financing from the Japan International Cooperation Agency to modernise Brazil’s electricity networks Neoenergia Coelba, a distribution company owned by Neoenergia, subsidiary of the Iberdrola Group in Brazil has signed a financing agreement worth 780 million Brazilian reais (approximately €130 million) with the Japan International Cooperation Agency (JICA), an agency operating under Japan’s Ministry of Foreign Affairs. The financing will support the modernisation of the electricity distribution network in the state of Bahia, the largest in north-eastern Brazil. The investment is aimed at improving energy efficiency while enhancing the quality and reliability of electricity supply. The project forms part of a broader investment plan under which around €4.5 billion will be invested in Bahia’s electricity infrastructure by 2030. The agreement represents a landmark transaction in sustainable finance, as it is the first JICA loan worldwide to be linked to sustainability performance indicators. It also marks the launch of the sustainable finance framework developed by the Japanese agency in partnership with MUFG Bank, further underscoring Iberdrola’s position as a global leader in mobilising capital to accelerate the energy transition. The project is part of the international cooperation agenda surrounding COP30, which will take place in Brazil in November 2025, and is aligned with JICA’s MIDORI Initiative, which promotes responsible investment in green sectors outside Japan, with a particular focus on Latin America. For Iberdrola, the financing will help advance the development of stronger, more efficient electricity networks capable of supporting growing electrification. READ MORE
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19/06/2026 - 10:14 UTC +02:00Iberdrola unveils the people powering the grid of the future in new ScottishPower campaign Modernising the electricity network is essential to securing our energy future. This campaign tells the stories of the people making it happen: a project manager, a craftsman and a cable technician who retrained from other industries to play a role in one of the most significant transformations ever undertaken across the UK’s electricity network. Produced by ScottishPower Energy Networks – the distribution business of ScottishPower,subsidiary of the Iberdrola Group in the UK , – in partnership with The Guardian Labs, the campaign shines a spotlight on the people behind the ‘Network of Change’ that is helping build a cleaner, more resilient energy system. Inspired by their stories? Discover career opportunities across the Iberdrola Group and SP Energy Networks. To learn more about how ScottishPower Energy Networks is upgrading the grid for a low-carbon future, visit Moving the Grid Forward and Powering a Cleaner Future. READ MORE
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18/06/2026 - 11:55 UTC +02:00Neoenergia, the only Brazilian energy company recognised as a leader in brand sustainability by Kantar Neoenergia, subsidiary of the Iberdrola Group in Brazil , has been ranked among the country’s highest-rated companies in terms of brand sustainability, according to the global BrandSustainability 2026 index, compiled by the consultancy firm Kantar. Based on a study analysing consumer perceptions of brands’ social and environmental practices and their ability to generate trust and value, the company has achieved second place overall in Brazil and is the only company in the Brazilian energy sector to have been awarded ‘leader’ status. Among the initiatives that have contributed to this ranking are the School for Women Electricians, which has trained some 1,300 women and recruited more than 1,000 of them onto Neoenergia’s workforce; the Vale Luz programme, which allows recyclable waste to be exchanged for discounts on electricity bills; and energy efficiency measures, such as the replacement of more than 480,000 light bulbs with LED technology by 2025. This recognition reinforces the Iberdrola Group’s commitment to a just energy transition, capable of combining electrification with social and economic development in the communities where it operates. You can read the full news article in Neoenergia’s Media room. READ MORE
