Iberdrola Seeks Companies to Revolutionise the Electricity G
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This news is classified in: Sustainable Energy Smart Grids

Jun 7, 2022

Iberdrola Seeks Companies to Revolutionise the Electricity Grids of the Future

  • The energy company wants to find, through its PERSEO start-up programme, new materials, designs, manufacturing and construction methodologies for electrical substations and high-voltage lines.
  • The company has more than 1.2 million kilometres of power lines in the United States, Brazil, the United Kingdom and Spain.

Electricity grids are the circulatory system of the new energy model and the essential platform for the transition to a decarbonised economy. Iberdrola is therefore going one step further and is looking for companies to develop more sustainable grids. The company, through its international start-up programme PERSEO, has launched a competition for innovative companies to propose new materials, designs, manufacturing and construction methodologies for electrical substations and very high voltage lines.

The electricity system is undergoing an unprecedented transformation and the grids have become a cornerstone of the energy transition; an essential platform for moving towards a decarbonised economy, which favours the development of an electricity system with more renewable sources, sustainable mobility, smart cities and self-consumption.

This initiative is part of Iberdrola's commitment to combat climate change and promote sustainability. The objectives are to optimise the cost of materials and the methodologies currently applied, reduce the environmental impact of the construction of new assets in electricity grids, optimise the cost and time associated with civil works and assembly, and increase the safety and risk prevention of assembly processes.

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The challenge is launched within the framework of the new smart grid innovation centre, the Global Smart Grids Innovation Hub, which aims to become a global benchmark in smart grids through open collaboration and coworking between technicians from the Iberdrola group's electricity distribution company (i-DE), suppliers, start-ups and different organisations from all over the world.

Iberdrola will thus seek new formulas for its extensive network of transmission and distribution power lines, with 1.2 million kilometres spread across the United States, Brazil, the United Kingdom and Spain. Its network consists of more than 4,500 high to medium voltage substations and more than 1.6 million medium to low voltage distribution transformers serving more than 32 million electricity supply points.

Proposals that optimise the use of materials in projects - for example, in metallic structures - and civil works, formulas that replace the use of current materials with more sustainable ones, that reduce plant suppression, that contribute to the improvement of soils and to the safety of operations by reducing human intervention, among other initiatives, will be valued.  

In addition, the company could offer the participant the opportunity to scale up the solution by adopting it through commercial agreements or even invest in the participating company. The deadline for registration for the challenge is 12 June, and the winner will be announced in July.

15 years innovating with start-ups
Since its creation in 2008, PERSEO has invested more than 100 million euros in start-ups that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy sector through further electrification and decarbonisation of the economy.

The programme has focused its activities on analysing business opportunities and technological collaboration with start-ups and emerging companies around the world, analysing 300 companies each year and creating an ecosystem of almost 7,000 entrepreneurial companies. This investment instrument currently holds a portfolio of eight companies.

Through PERSEO, Iberdrola carries out more than 25 real tests of technologies per year, which serve as a first step towards establishing a commercial relationship or partnership with start-ups. In addition, in the last two years the group has launched a total of fourteen challenges in which 700 start-ups have participated.

Beyond the financial contribution, PERSEO's support to these companies has been key in defining their product and business, offering them its knowledge and access to Iberdrola's market. On the other hand, the work carried out with the start-ups has served our company as a technological antenna to find out where our sector is heading.

 


Iberdrola S.A