2024-09-24 15:17:40
President Iberdrola, Ignacio Galanparticipated in Climate Week 2024 in New York City. Its presence responds to the company’s commitment to energy transition, an approach that is in line with the United Nations.
During his visit, the CEO of Iberdrola confirmed that the future of the world includes changing demand for fossil energy into renewable energy. “We believe that things are moving in the world, maybe not at the speed we all want, but they are moving. We need to generate demand for electricity by changing many uses that use fossil energy. For example, all the issues related to air conditioning or transport, but electrical networks also need to be carried out,’ he explained.
Galán has emphasized the advantages of green technologies over fossil technologies. “Renewable energies are more competitive today than fossil fuels. If we compare new fossil energy plants with new renewable energy plants, the necessary investment is low in renewables, the maintenance cost is low and, moreover, there is no replacement cost. It does not have to be subject to fuel changes,” he said.
Among the different meetings he has attended, President Iberdrola has participated, among others, in the TIME100 Climate Leadership Forum held in New York and which brings together managers of the most important companies to climate change . Likewise, he participated as part of a round table with Jennifer Granholm, Secretary of Energy of the United States, and Fatih Birol, executive director of the International Energy Agency.
The panel, title The green economy is herehas addressed the global energy transition, the progress of renewable energy deployment, and the impact of policies such as the Anti-Inflation Act in the United States.
President of Iberdrola, Ignacio Galán. / Iberdrola
Galán noted that Iberdrola’s focus on clean energy has allowed the company to grow significantly over the past two years, with investment plans focused on supporting the next energy transition, with $30 billion – nearly €27 billion – only in the US until 2030.
Galán also referred to “sustainable and predictable strategies” to guarantee investment in renewables and improve the energy transition. “We can provide the clean electricity the world needs,” he said.
In November 2023, just before COP28, Galán was included in the inaugural TIME100 Climate list, which recognizes the 100 most innovative leaders taking industrial climate action.
Committed to energy change
Iberdrola is one of the most important companies in the energy revolution. In fact, this week it became known that it is one of the companies that lead policies against climate change, according to the situation prepared by the consulting firm InfluenceMap.
Under Galán’s leadership over the past two years, Iberdrola has invested more than €160 billion to drive the transition to clean energy.
Iberdrola’s focus on renewable energy, smart grids and storage has placed it at the forefront of energy transitions. The company has decided to invest 46 billion euros to support the transition until 2026.
In the past two years, Iberdrola has gone from being the 20th largest electrical equipment company to being among the top three in the world by market share, while leading the industry in terms of weather day Its value on the stock market, in the area of historical heights, exceeds 86,000 million euros.
Galán has completed the shutdown of 17 of Iberdrola’s electricity and oil plants around the world while developing the company’s renewable energy capacity of over 43,400 megawatts.
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