Iberdrola takes a stake in the Spanish company Aquí tu Reforma to redouble its commitment to energy effectiveness and invention

Iberdrola’s new commitment to sustainability and energy effectiveness, furnishing turnkey results for energy saving and the decarbonisation of homes, crucial to the European objects in the fight against Climate Change • The one-million-euro investment has been conducted through PERSEO, which has formerly allocated 85 million euros to start-ups developing innovative energy technologies and business models around the worldIberdrola is making progress in its commitment to invention and energy effectiveness, this time through its entry into the capital of’Aquí tu Reforma’, with an investment of one million euros. The incipiency is concentrated on the digitalisation of home and structure emendations and refurbishments. The investment was made through the International Start-Ups-PERSEO Programme, through which Iberdrola has been relating and promoting innovative results to ameliorate the sustainability of the energy sector for further than adecade.Iberdrola’s participation in’Aquí tu Reforma’will boost collaboration between the two companies to promote the relinquishment of new technologies in line with effectiveness, energy saving, decarbonisation and electrification of the frugality. The home addition sector is an important entry channel for the deployment of new results to optimise energy use. In this environment, the end of this union is to offer effective renewable air exertion results (aerothermia), as well as thermal sequestration, effective windows, lighting, tone-consumption or electric vehicle charging, among others, for which both companies will combine their capabilities and experience. Aquí tu Reforma has further than 130 addition companies operating under its brand in Spain and has agreements with large chains in the home, addition accoutrements and banking institutions. Its business is concentrated on the refurbishment and addition of homes and structures, with a consolidated model of brand licences that has a important digital platform, which allows the comprehensive operation of the refurbishment process for its agents from the force and purchase of accoutrements to the backing of the end client, including the operation of the workshop or the refurbishment business itself. In addition, the platform allows the customer to be involved in the entireprocess.Iberdrola’s Global Head of Smart Results, Luis Buil, highlights among the reasons for joining Aquí tu Reforma”its innovative nature, with an approach grounded on the digitisation of an atomised sector that will play a crucial part in terms of energy effectiveness. We’ll work together to promote the installation of technologies and new energy effectiveness and electrification measures in a sector that has a crucial part in green recovery plans and Coming Generation EU finances”. For Francisco Morán-CEO & Cofounder of Aquí tu Reforma”Iberdrola’s accession of a stake in the capital reinforces our leadership in the sector and our company’s commitment to perfecting the health, well- being and habitability of homes through energy effectiveness and sustainability. Our commitment to technology manages to professionalise the sector and empower the end client, offering innovative results to the request”. Iberdrola, with energy launch-upsThe Iberdrola PERSEO transnational launch-up programme aims to grease the group’s access to the technologies of the future and foster the creation and development of a global and dynamic ecosystem of technology companies and entrepreneurs in the electricity sector. Since its creation in 2008, PERSEO has invested further than 85 million euros in launch-ups that develop innovative technologies and business models, fastening on those that ameliorate the sustainability of the energy sector through farther electrification and decarbonisation of the frugality.