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Iberdrola Hosts BAT Talk to Discuss Innovation and Collaboration with Start-Ups in the Electricity Industry

Iberdrola Hosts BAT Talk to Discuss Innovation and Collaboration with Start-Ups in the Electricity Industry

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Iberdrola held a new edition of the BAT Talk at the BAT B Accelerator Tower in Bilbao, Spain. During the event, attendees learned more about Iberdrola’s R&D strategy and innovation ecosystem, an ecosystem with numerous entities that, working in co-creation, sharing spaces, projects and challenges, align efforts, interests and capabilities to identify new opportunities in the electricity industry.

Iberdrola today is the world’s leading wind power producer, Europe’s leading electricity company in terms of market cap and one of the two largest in the world. The company is committed to the energy transition with a sustainable business model based on renewable energies, smart grids, large-scale energy storage and digital transformation to offer its customers the most advanced products and services.

Today, it is the private energy company that invests the most in R&D&I in the world, with a clear commitment to innovation as a key strategic variable for the development and evolution of all its businesses and activities. This long-standing strategic vision has enabled the company to anticipate the current energy transition by 20 years to face the challenges of climate change and the need to offer a cleaner, more reliable, and smarter business model.

During the conference, the new challenge focused on electricity grids and aimed at start-ups was announced. It is a challenge that will open to the public next Wednesday, 5 June, and is about how to make the most of the available grid capacity by leveraging on data. 

PERSEO Iberdrola Ventures, 15 years innovating with start-ups and industrial businesses

Iberdrola is committed to a sustainable energy model within the framework of its PERSEO programme to promote the development of start-ups and innovative industrial companies working in new areas of electrification and in industries that are hard to decarbonise.

The PERSEO programme has €40 million through the Perseo Venture Builder specifically to launch industrial initiatives that can be developed in the field of energy transition.

Since its creation in 2008, PERSEO has invested €175 million in businesses that develop innovative technologies, focusing on those that improve the sustainability of the power industry through further electrification and decarbonisation of the economy.

Global Smart Grids Innovation Hub

Located in Bilbao, the Global Smart Grids Innovation Hub, promoted by Iberdrola in collaboration with the Regional Government of Biscay, is consolidating its position as a world benchmark centre for innovation and knowledge in smart grids to respond to the challenges of the energy transition. It also acts as a driving force for innovation, combining the technological capacity of Iberdrola with the more than 100 collaborating entities and companies integrated into the Hub.

Related Article: Iberdrola’s €41 Billion Investment and 10,000 New Hires by 2026 to Accelerate Electrification

The initiative brings together the innovative potential of more than 200 professionals in the development of R&D&I projects related to the challenges of the electricity grids of the future: greater digitalisation, the processing of data generated by these infrastructures and their response, and electric mobility and self-consumption, among others.

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