Iberdrola

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Iberdrola is a Spanish multinational electric utility company, headquartered in Bilbao, Spain. It is one of the largest electric utility companies in the world, serving over 100 million customers in several countries, including Spain, the United Kingdom, the United States, Brazil, and Mexico.
The company was founded in 1992 as a result of the merger between two regional utilities, Iberduero and Hidroeléctrica Española. It has since become a global leader in the production, distribution, and supply of electricity and natural gas.
Iberdrola's main business activities include:
1. Renewable energy: Iberdrola is a leader in renewable energy, with a portfolio consisting mostly of wind and hydro power plants. The company is committed to phasing out its fossil fuel generation capacity and increasing its renewables portfolio, with a goal of becoming carbon neutral by 2050.
2. Traditional energy: Iberdrola also operates traditional energy sources such as natural gas and coal power plants. However, these are being progressively replaced with renewable energy sources.
3. Electricity distribution: The company also owns and operates electricity distribution networks in several regions, ensuring a reliable supply of electricity to its customers.
4. Retail energy: Iberdrola supplies electricity and gas to both residential and business customers in its operating countries.
5. Energy storage: In addition to its renewable energy portfolio, Iberdrola is also investing in energy storage technologies, such as batteries, to support the integration of renewable energy sources into the grid.
As a global energy company, Iberdrola is committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility. These include the use of renewable energy sources, promoting energy efficiency, and investing in local communities through its social programs.

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See Company Q&A