Iberdrola

Iberdrola is a Spanish electric utilities company founded in 1998 and listed on the Madrid and Bilbao stock exchanges.

#181

Rank

$78.04B

MarketCap ES

ES Spain

Country

Summary

Iberdrola, S.A. engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries. The company is also involved in the purchase and sale of electricity and gas on wholesale markets; development of green hydrogen projects; and distribution and sale of gas. 

Iberdrola, S.A. is a company headquartered in Bilbao, Spain that was founded in 1840. The company has an extensive infrastructure in place, including a total installed capacity of 58,320 MW, out of which 38,138 MW is renewable installed capacity. Furthermore, Iberdrola operates 1.2 million kilometers of electricity transmission and distribution lines, and it serves a vast customer base of 36.11 million consumers.

Apart from these services, the company also provides a range of products and services to residential customers, including energy storage, heat pumps, self-consumption, and electric vehicles. Moreover, Iberdrola manages energy facilities and supplies green H2, industrial heat, and other related services to its industrial customers.


History

Iberdrola, a Spanish energy provider and global electric utility, was established in 1992 and is one of the largest electricity providers worldwide, serving over 100 million customers. Its roots date back to 1796, with the creation of the Sociedad Económica de Amigos del País, a precursor to the Spanish electricity industry. Iberduero, formed by Francisco Saenz de Tejada in 1809, developed Spain's first coal-fired power plants, later becoming Electricidad de España.

In 1890, Union Eléctrica Madrileña (UEM) was founded, focusing on electricity generation, transmission, and distribution in Madrid. Generadora de Electricidad de Cerro Navia (Cerro del Soto) was also established in 1924 in Barcelona, providing electricity to the city, alongside Power Companies of the Valencian Community and Andalucía.

UEM and Cerro Navia merged in 1992 to become Unión FENOSA, with Iberdrola subsequently established, specializing in hydro, nuclear, and thermal power plants. During the 1990s, Iberdrola expanded internationally, investing in the United States, France, and Latin America.

In 2006, Iberdrola became Spain's leading electricity provider and launched the 100% sustainable energy supply in the UK. It further expanded with the acquisition of Scottish Power in 2007, becoming the world's largest provider of renewable energy. In 2017, Iberdrola became the top generator of wind power worldwide, actively investing in renewable energy in Europe and the US.

Currently, the company has a presence in 38 countries globally and serves more than 46 million customers.


Mission

Iberdrola's mission is a comprehensive one that recognizes the importance of not only generating profits for its shareholders, but also of contributing to the overall well-being of society. The company's commitment to sustainability, safety, and social progress is evident in all aspects of its operations, from its investments in renewable energy to its focus on employee development and community engagement.

To achieve its mission, Iberdrola has developed a set of core values that guide its operations and decision-making. These values include integrity, excellence, innovation, respect, and teamwork. By adhering to these values, Iberdrola is able to create a culture that promotes accountability, transparency, and ethical behavior, which in turn helps to build trust with stakeholders.


Vision

Iberdrola is a global energy company with a bold vision for the future. The company's overarching goal is to become a world leader in the energy sector, particularly in the development of renewable energies and new technologies.

At the heart of Iberdrola's vision is a commitment to sustainability. The company recognizes that the world's energy needs are growing, but that these needs must be met in a way that is environmentally responsible and sustainable over the long term. To this end, Iberdrola has set ambitious targets for reducing its carbon footprint and increasing the proportion of renewable energy in its portfolio.


Key Team

Mr. Ignacio Cuenca Arambarri (Director of Investor Relations and Communications)

Dr. Rafael Mateu de Ros Cerezo (Counsel to the Board of Directors)

Ms. Maria Dolores Herrera Pereda (Director of Compliance)

Mr. Pedro Azagra Blázquez (Director of Corp. Devel.)

Mr. Ramón Castresana (Director of HR)

Dr. Agustín Delgado (Chief Innovation & Sustainability Officer)

Mr. Carlos Sallé Alonso (Sr. VP of Policies and Climate Change - Iberdrola)


Recognition and Awards
Iberdrola has earned international recognition from government, media and industry organizations. In 2019, Iberdrola was ranked first in the world as a 100% green energy provider and won various awards for efficiency, sustainability and zero emissions, among others.

Products and Services

Electricity generation: Iberdrola operates a diverse portfolio of power plants, including wind, solar, hydro, and natural gas-fired facilities, to generate electricity for its customers.

Renewable energy: The company is a leader in renewable energy and has a significant presence in the wind and solar power markets.

Energy distribution: Iberdrola distributes electricity and natural gas to millions of customers in Spain, the United Kingdom, the United States, and other countries.

Energy retail: The company offers a range of energy retail products and services, including residential and commercial energy supply, as well as energy management solutions for businesses.

Smart grid technology: Iberdrola invests in and develops advanced smart grid technology to improve the efficiency, reliability, and sustainability of the energy grid.

Electric vehicle charging: The company offers electric vehicle (EV) charging solutions for customers, including home charging stations and public EV charging networks.

Energy storage: Iberdrola is active in the energy storage market and provides battery storage solutions to help manage the intermittency of renewable energy sources.

Energy services: Iberdrola provides a range of energy services, including energy efficiency consulting, energy audits, and renewable energy project development.


References
Iberdrola
Leadership team

Mr. Francisco Martinez Corcoles (Other External Independent Director)

Mr. Jose Sainz Armada (Director of Fin., Control & Resources and CFO)

Products/ Services
Energy, Enterprise Software, Product Design
Number of Employees
20,000 - 50,000
Headquarters
Bilbao, Pais Vasco, Spain
Established
1992
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0001774024
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
IBE.MC
Social Media
Fri Feb 23 2024
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