The energy transition is crucial for Europe’s competitiveness and demands stable regulations, substantial grid investment, and the integration of digital technology and AI, according to Iberdrola leaders at the recent Enlit conference in Milan from October 22-24.
Enlit, a leading forum for energy decarbonization and digitalization, saw Iberdrola’s Networks Global Director, Ana Lafuente, emphasize that Europe’s industrial growth depends on electrification, which in turn requires substantial network investment to ensure grid reliability, facilitate renewable integration, and deliver electricity efficiently to all customers.
Earlier this year, Iberdrola committed €41 billion in investments for 2024-2026, with €21.5 billion dedicated to smart grids to support the shift to an electrified economy and address growing energy demands.
In a discussion on regulation, Álvaro Ryan, i-DE’s Regulation Director, underscored the need for regulatory stability to drive the energy transition, remove barriers like investment limits, streamline permitting processes, and encourage proactive investments. Ryan highlighted that frameworks must evolve to support new digital and innovation investments.
Marta Solaz, Business Information Security Officer at i-DE, addressed digitalization’s dual role in improving service quality and advancing Net Zero goals, while cautioning that a more connected grid raises cyber risks. She stressed the need for robust cybersecurity across utilities’ operations, including supply chain security, to protect critical infrastructure and customer service.
