Leaders in the fight against climate change, Iberdrola, is actively contributing to the creation of a sustainable and low-carbon future. With their current main environmental goal being to achieve a 30% reduction of CO2 by 2020, to ultimately become carbon neutral by 2050, GPEX News were keen to hear more.
Ahead of the Global Power & Energy Exhibition (GPEX) taking place 17-20 September in Barcelona, GPEX News spoke with confirmed speaker and Chief Innovation & Sustainability Officer at Iberdrola, Agustin Delgado Martin to hear more about digitalisation and exactly how they are driving the energy transition.
GPEX News: How is Iberdrola driving the energy transition in Spain and internationally?
Agustin Delgado Martin: Iberdrola has accelerated the energy transition by setting the right processes towards a sustainable, secure and competitive model, to result in more clean energy, storage capacity, networks and digitalisation.
GPEX News: What would you say are the key challenges to utilities’ transition to clean energy?
Agustin Delgado Martin: Transitioning to a low-carbon electricity system will require innovations across the system, including:
New disruptive technologies and enabling infrastructure: In addition to the development of renewable energy generation technologies, the electrification of the economy will involve the complementary deployment of flexible capacity, the integration of electricity storage, the electrification of large sectors (as transport and heating) and the deployment of electric vehicles.
New regulatory and market structures and new business models: Current market, regulatory, and business structures are designed to support the fossil fuel-based model of generation; Moving to a low-carbon future requires new regulatory frameworks, for instance:
GPEX News: What are the opportunities for energy digitalisation?
Agustin Delgado Martin: Digital technologies have tremendous potential to contribute to growth in the sector:
GPEX News: Which innovative technology do you think will change the face of the energy industry?
Agustin Delgado Martin: Three trends, in particular, are converging to produce game-changing disruptions along the electricity system: Electrification, decentralisation and digitalisation. In this scenario, grid edge technologies and smart grid themselves will play a key role:
GPEX News: Where do you see Iberdrola in the next 5-10 years?
Agustin Delgado Martin: In the next 5 years, Iberdrola will make an effort of 32.000 M€ in order to keep driving the energy transition. For example:
GPEX News: You will be speaking at the GPEX 2018 Summit this September, what do you expect the outcomes of the event to be?
Agustin Delgado Martin: At the Summit, the main challenges, strategies, technologies and innovations shaping our energy future will be addressed. We should contribute to stimulate a collaborative culture throughout the value chain of the energy sector. In addition, governments should be aware of the need to address regulatory, legal and market design issues. Regarding the citizens, we should create awareness around the fight against climate change and encourage their participation and contribution.
Agustin Delgado Martin
Chief Innovation and Sustainability Officer
The Global Power and Energy Exhibition, taking place in Barcelona on 17-20 September, will showcase the strategies and technologies needed to adapt to the global energy transition. Do not miss out and register now to join the global power and energy leaders.