Ignacio Galán in Davos: "The day after presenting a plan, we are already thinking about how to surpass it. We can become the world’s largest electricity company"

Iberdrola's Executive Chairman and CEO, Ignacio Galán, said in an interview with the prestigious Spanish business newspaper Expansión, on the occasion of his participation at the World Economic Forum in Davos 2026 , that in today’s complex geopolitical and economic environment, Iberdrola's firm commitment to electrification "means greater efficiency, lower costs and increased security for citizens. And electricity networks are a fundamental pillar of that energy security." Galán elaborated: "The electricity sector has a unique opportunity. What was traditionally a defensive industry has become a driver of economic growth, and electricity networks are the clearest example of this transformation."

Ignacio Galán places no limits on Iberdrola’s growth ambitions: “A year ago, we knew we could surpass €100 billion in market capitalisation. Today, we are convinced that we can become the world’s largest electricity company. If we are currently valued at €125 billion with only 20% of energy consumption electrified, what could our value be if electrification reaches 40% or 50%, as even the most conservative forecasts suggest?”.

In such a landmark year for Iberdrola, as the company celebrates its 125th anniversary, Galán describes leading the group as “a source of both pride and responsibility.” “First, towards those who came before us over the past 125 years. Second, towards the more than 46,000 people who work at Iberdrola today. And, of course, towards the society we have been serving for more than a century. We serve 100 million people who now, more than ever, demand electricity-based solutions to grow and develop.”

You can read the full interview at: Galán: "Iberdrola can become the world's largest electricity company".