Ignacio Galán highlights the opportunities of electrification for energy self-sufficiency and competitiveness at the CERAWeek Summit

Iberdrola's Executive Chairman, Ignacio Galán, took part in CERAWeek, one of the leading international energy forums, held in the United States, where he held meetings with prominent figures from the global political and energy sectors and spoke on a plenary panel focusing on the challenges posed by the growth of artificial intelligence for electricity systems.

During the event, Ignacio Galán met once again with the US Secretaries of Energy and the Interior, Chris Wright and Doug Burgum.

He also held discussions with Ditte Juul Jørgensen, Director-General for Energy at the European Commission, and Katherina Reiche, Germany’s Minister for Energy, given the global scope of this energy forum.

During CERAWeek, Ignacio Galán took part in the panel discussion ‘The Power Convergence: Bridging the gap between AI demand and grid capacity’, which focused on the sharp rise in electricity demand across all sectors, particularly driven by the development of artificial intelligence and large data centres.

Also taking part in this debate were Scott Strazik, CEO of equipment supplier GE Vernova, and Uwem Ukpong, Vice President of Industries at Amazon Web Services (AWS). The discussion highlighted the urgent need to promote investment in transmission and distribution networks and in generation capacity to accommodate the new demand under optimal conditions of safety, energy self-sufficiency and competitiveness.

Iberdrola is among the select group of electricity companies that have been invited to participate in CERAWeek, reflecting its position as Europe’s largest electricity company and one of the two largest in the world by market capitalisation, as well as its prominent presence on both sides of the Atlantic.