INNODAY IBERDROLA 2018

Innoday 2018, our commitment to innovation and young talent

#business #economy #R&D

The Iberdrola group is today one of the largest utility companies in terms of market capitalisation and a leader in renewables. Innovation plays a key role in our aim to consolidate our position as the energy company of the future, as demonstrated by Innoday 2018.

On May 23, the company's international campus in San Agustín del Guadalix (Madrid) hosted Innoday 2018, a meeting place to learn about the innovative initiatives that are transforming the energy sector. These initiatives also aim to promote the transfer of knowledge and attract young talent.

IBERDROLA GROUP'S COMMITMENT TO INNOVATION

The Iberdrola group's overarching commitment to innovation, which is embodied in an investment of 246 million euros in 2017 alone, — 17% more than in the previous year —, has made the company the most innovative Spanish utility company and the third in Europe, according to the European Commission's classification. With this backdrop, and as part of Innoday 2018, the company brought together universities, providers, start-ups and public administrations involved in R&D.

Innoday 2018 had two main focuses: the presentation of the Iberdrola group Universities Program and the innovation fair.

THE IBERDROLA GROUP UNIVERSITIES PROGRAM

Through its Universities Program, the Iberdrola group seeks to strengthen the company's links with academia through a series of agreements signed with five reference centres — Universidad Pontificia Comillas, Universidad de Salamanca, University of Strachclyde, Instituto Tecnológico de Monterrey and the Massachusetts Institute of Technology (MIT) —, which reach 193,000 students, 20,000 lecturers and 1,500 scholarship holders.

This program also reaches entrepreneurs, with whom the company wants to develop disruptive ideas within the energy sector and invest in start-ups that provide innovative and sustainable solutions. The Iberdrola group also seeks to promote quality in education, technology transfer and the universalisation of energy services through various university chairs, including the Iberdrola Chair in Energy and Innovation at the Universidad Pontificia Comillas-ICAI and the Eighth Centenary Iberdrola Chair at the Universidad de Salamanca.

Finally, and with the aim of promoting young entrepreneurs and the exchange of knowledge, the company has launched the Iberdrola U community, which seeks to attract young talent to tackle the future challenges faced by the energy sector and create new opportunities for collaboration.

INNODAY 2018, THE MEETING PLACE FOR INNOVATION AND THE ENERGY SECTOR

During Innoday 2018, 25 exhibitors showcased their most innovative energy-related projects these included both the group's own business areas, which will exhibit their initiatives in areas such as renewable generation, smart grids and energy storage, as well as exhibits from suppliers, customers, entrepreneurs, public administrations and start-ups committed to innovation. Some of the main technologies you found at this event include:

  • Drones for inspecting wind power installations: flying spider drones that monitor the state of the arms of a set of wind generators.
  • Artificial Intelligence (AI): its use in managing both — domestic and industrial demand — in the face of fluctuations in the electrical grid.
  • AI and blockchain based predictive models: main applications in the efficient management of electrical distribution grid assets.
  • Encryption and cybersecurity inspection: the major advantages of seating a white-hat hacker at your desk.

Iberdrola launched an idea contest in the energy world as part of Innoday 2018. Participants between 18 and 30 years old, submitted their innovative idea by sending a link to their project's video (100" maximum) to email address digitalysocialmedia@Iberdrola.es. Participants with the three best ideas won a pass to Innoday 2018 at the Iberdrola Campus in San Agustín de Guadalix, a mentoring session for their project with Iberdrola innovation experts, and a GoPro camera.

Innoday 2018 was a meeting place where excellence in the energy sector and the most innovative and sustainable practices will come together to continue to advance towards the utility of the future.

 International 'Start-ups' Program