We are the most innovative Spanish utility, the second in Europe and the fourth in the world in resources allocated to R&D
Innovation is a strategic variable for the Iberdrola group and constitutes the main tool for guaranteeing the company's sustainability, efficiency and competitiveness.
Leaders in sustainable innovation.
Thanks to the group's strong commitment to innovation, Iberdrola is today Spain's most innovative utility and the second in Europe, according to the European Commission's classification.
In 2017, Iberdrola was the fourth largest energy company worldwide in terms of R&D investment, with a total of 246 million euros, 17% higher than in 2016. And over the last ten years this figure has grown by 237%, demonstrating the company's decisive commitment to this sector.
The provision of financial resources is aimed for the most part at projects in connection with offshore wind power, smart grids, clean generation and the roll-out of new products and digital services. The majority of R&D effort is based on three broad pillars:
Core points in the field of innovation in the Iberdrola group.
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R&D efforts in the Iberdrola group are based on three large pillars, which are:
- Efficiency, always aimed at continuous optimisation of our operations, lifetime management of our facilities and equipment, reduction of operating and maintenance costs and lowering of environmental impact. Thanks to the participation of all Iberdrola group personnel, over 200 R&D projects are being rolled out, which will have an impact on the business in the short/medium term.
- The development of new products and services to respond to customer needs in an ever more global and competitive market. These are projects that, using existing technology, give rise to business models designed to offer a supply of energy, equipment and technology that is ever more efficient and respectful of the environment.
- The use of disruptive technologies and business models that allow us to tackle future energy sector challenges. Via the PERSEO International Startup program, Iberdrola's corporate venture capital program, we are investing in technologies and new businesses that ensure the sustainability of the energy model.
The company is also collaborating with a number of universities and institutions in the universalisation of energy services, as well as in driving knowledge in specific scientific, energy and IT areas thanks to an open and de-centralised R&D management model.
IBERDROLA INNOVATION MIDDLE EAST CENTER
Another clear example of the Iberdrola group's firm commitment to innovation is the opening of the Iberdrola Innovation Middle East Center, the new R&D centre developed by the company in Doha (Qatar). Located in the Qatar Science & Technology Park, Qatar's unique technological hub, it aims to create new products and services for digital utilities, working at the intersection between information and communication technologies and energy.