Iberdrola SA: King Felipe VI visits the Iberdrola technological center in Bilbao which will define the electricity grids of the future
22 November 2021
Accompanied by the President of the Autonomous Region, Iñigo Urkullu, Vice-President Nadia Calviño, Deputy General of Biscay, Unai Rementeria, and Mayor of Bilbao, Juan Mª Aburto
King Felipe VI visits the Iberdrola technological center in Bilbao which will define the electricity grids of the future
- His Majesty the King and the President of Iberdrola, Ignacio Galán, visited the most innovative projects of the Global Smart Grids Innovation Hub.
This morning in Bilbao, King Felipe VI met with representatives of companies collaborating at the Global Smart Grids Innovation Hub, a technology hub sponsored by Iberdrola and the Provincial Council of Biscay, which is equipped with the latest developments in digitization, artificial intelligence and advanced data analysis. .
In total, 50 companies, technology centers and universities are already working on 120 projects worth 110 million euros at the center. The Bilbao innovation center is one of the company’s strategic projects and works to develop the electricity networks of tomorrow, which will be the cornerstone of the energy transition for all international markets.
This public-private collaboration space – with more than 1,000 m2 and located at Iberdrola’s network headquarters in Larraskitu- was created to accelerate innovation and R & D & i on the real nervous system of decarbonation: smart grids. The hub is a combination of cutting-edge technological research, training and entrepreneurship and the latest developments in digitization, artificial intelligence and advanced data analysis, among many other fields.
King Felipe was interested in projects, in particular the development of smart grids, their sustainability, efficiency and impact on the quality of service. The president of Iberdrola underlined the importance of entrepreneurship and investment to convey a message of commitment and trust to society.
Today, the Iberdrola Tower in Bilbao was the venue chosen for a plenary session of ERT, an organization whose members are the main European industrial employers. King Felipe, EC Vice-President Frans Timmermans, ERT President Carl-Henric Svanberg and President Ignacio Galán, among others, took part in the meeting.
King Felipe said competitiveness and climate goals are not mutually exclusive. In these times of unprecedented challenges, coordinated action by governments, businesses and citizens is more important than ever.
Svanger said this meeting is a great opportunity to share ideas on some of the major economic and social trends at a time when ecological and digital transformation is accelerating.
During his speech at ERT, the President, Ignacio Galán, explained that decarbonisation is at the center of the European strategy and that resources must be invested in the sectors of the future to improve the global competitiveness of the economy and create long-term, quality jobs. Spain, the Basque Country and Biscay are excellent examples of the benefits of this transformation.
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Main features of the Smart Grid Innovation Hub
The Global Innovation Center for Smart Grids is a magnet for attracting talents and promoting new technologies that will allow energy transition, maximize the use of renewable energies, the full integration of energy storage systems and optimize access to new uses of electricity, such as as mobility and heating.
Before the official launch, Iberdrola and the Provincial Council of Biscay have gathered the capacity of 50 industrial companies, universities and technological centers, which contribute their technological capacity, industrial character and research experience.
The smart grid innovation hub is also an international collaborative project, bringing together the potential of more than 200 professionals to undertake innovation projects in countries in Europe, America and the Middle East. To date, some 120 projects worth 110 million euros have been identified.
Digital solutions, business development and connected worker / secure design
The areas of work will provide solutions in new materials and technologies to reduce the environmental impact of electrical installations, equipment to facilitate the integration of renewable energies and boost the deployment of electric vehicles, power electronics and systems energy storage, and the digitization of network distribution supported by the latest generation of telecommunications systems, such as 5G. It will also promote solutions related to energy savings and energy efficiency based on demand management or reduction of network losses.
The main areas of innovation for hub include the digitization of the low-voltage electricity network, the basis for the construction of the smart city from the future. In this regard, the projects focus on the development of the next generation of smart meters and on the equipment and network to deliver data and intelligence.
Work will also be undertaken on new smart and sustainable substations to replace current ‘bundles’ of control cables with shared data ‘buses’, using solutions based on the concept of the ‘internet of things’. .
The Global Smart Grids Innovation Hub will promote knowledge transfer through scholarships and postgraduate courses; it will serve as a catalyst for business development through startup incubation and acceleration programs; and it will activate competitive intelligence actions, such as the design of global conferences.
Another line of action will revolve around the connected worker and the robotization of operations, in order to use equipment incorporating sensors to receive real-time information on risks. In addition, it will use ground and aerial robots (drones) to perform operations remotely, thus avoiding travel and working more safely and efficiently.
The Global Smart Grids Innovation Hub is connected to the Biscay Startup Bay strategy, which will also become a To augment center for start-ups in the energy sector located in the Torre Bizkaia.
Investments to meet the challenges of the green economy
Iberdrola has been leading the energy transition for two decades, acting as a key driver for the transformation of the industrial fabric and the green revival of the economy and employment. The company has thus launched a historic investment plan of 150 billion euros for the next
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decade, 75 billion euros by 2025, to triple its renewable capacities and double its network assets and take advantage of the opportunities offered by the energy revolution facing the main world economies.
Almost half of this investment volume was allocated to electricity network activities, in order to ensure the continuity of its deployment, to establish a solid distribution network and to make it flexible by relying on a project of ambitious digitization as a key element to meet future electricity needs.
Iberdrola already operates one of the largest electricity distribution networks in the world; more than 1.2 million kilometers of transmission and distribution lines and more than 4,400 substations, which transport electricity to more than 34 million people around the world.
By 2025, regulated assets will reach 47 billion euros, mainly located in A-rated countries. By 2030, the company plans to have doubled its regulated network assets to 60 billion euros.
Iberdrolais one of the world’s main energy companies, leader in renewable energies, and it is the spearhead of the energy transition towards a low-emission economy. The group supplies energy to around 100 million people in dozens of countries and operates renewable, grid and commercial activities in Europe (Spain, UK, Portugal, France, Germany, Italy and Greece), states United, Brazil, Mexico and Australia, while counting markets like Japan, Ireland, Sweden and Poland as platforms for growth.
With a workforce of over 37,000 and assets of over € 122.5 billion, it achieved sales of over € 33 billion and net income slightly above € 3.6 billion in 2020. company contributes to maintaining 400,000 jobs in its supply chain, with an annual procurement budget of 14 billion euros. A leader in the fight against climate change, Iberdrola has committed more than 120 billion euros over the past two decades to build a sustainable energy model based on environmental, social and governance (ESG) principles.
Iberdrola SA published this content on 22 November 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 22, 2021 05:14:18 PM UTC.