Iberdrola and Qatar sign agreement to strengthen their strategic alliance in invention

Iberdrola and Qatar sign agreement to strengthen their strategic alliance in invention

They will address technological challenges related to invention and digitalisation in smart grids, renewable energy integration and energy effectiveness
Ignacio Sánchez Galán, at an event organised by CEOE at which the new alliance with the emirate was sealed, stressed Iberdrola’s part as a driving force for the transnational opening of small and medium- sized companies
Iberdrola and the Qatar Investment Promotion Agency( IPA Qatar) are joining forces to promote the energy company’s leading invention centre, with the end of advancing the digitalisation of Qatar’s electricity sector. The agreement will enable the Spanish company to expand its Research, Development and Innovation( R&D&I) conditioning through its Iberdrola Innovation Middle East centre, grounded inDoha.The new collaboration will contribute to enhancing innovative results and products in the public and private sectors. The centre, presently located in the Qatar Science and Technology Park, will concentrate on technological challenges related to invention and digitalisation in smart grids, renewable energy integration and energy effectiveness. The Qatari agency’s donation will be crucial to accelerating the systems of the invention platform located in the country’s capital. The platform will concentrate on aligning Iberdrola’s R&D&I conditioning with the requirements of Qatari assiduity and will cooperate with companies and training centres to boost original gift. It’ll do so through chops development and training programmes and will partake intellectual property rights with original educational and artificialinstitutions.Ignacio Galán, who reaffirmed this alliance at a business meeting organised by the CEOE( Spanish Confederation of Business Organisations), said that” Iberdrola has been and will continue to be an accelerator for the expansion of small companies in the world”. The Iberdrola Chairman added that Iberdrola’s experience in Qatar for nearly 20 times is the stylish evidence to the openings in the country.” Just moment we’ve inked an expansion agreement then, consolidating a centre that’s formerly a world reference in smart grids, renewable energy integration and energy effectiveness, and really the leading centre in the Middle East in its field,” hesaid.The Qatar Investment Promotion Agency oversees conditioning under the Invest Qatar brand and acts as the country’s marquee organisation for attracting foreign investment. Through its close collaboration with Qatari licensing platforms, it helps companies advance their intentions and achieve long- term success by furnishing the necessary support, advice andexpertise.IPA Qatar aims to showcase the emirate as an exceptional investment destination, connecting transnational investors with business openings, while advancing the country’s profitable development and diversification objects across all sectors andgeographies.IBERDROLA AND QATAR, A STRATEGIC ALLIANCEIberdrola has come a strategic mate of Qatar in recent times, uniting in the construction of a knowledge- grounded frugality and developing results for a sustainable future in that country for further than two decades.

Iberdrola’s leadership in digitalisation and renewable powers, crucial rudiments in the metamorphosis of the energy sector towards electrification and decarbonisation, has allowed it to take advantage of cooperation openings with the Qatari government since 2005, a country determined to diversify its frugality, down fromhydrocarbons.The collaboration between Iberdrola and Qatar was consolidated in 2011, when the Qatar Investment Authority( QIA) came Iberdrola’s main shareholder. Since also, the Spanish company has always grown with Qatar’s support for its business model, investing in renewable energy, smart grids, storehouse and smart results for our guests. This strategic alliance has enabled the company to increase its size sixfold, making it the largest company on the Spanish stock exchange, with a request capitalisation of around 70 billion euros, the largest electricity company in Europe, and one of the four largest in theworld.STIMULATING R&D&I GROWTHAs a result of this close collaboration, in 2016 Iberdrola decided to produce Iberdrola Innovation Middle East, from where it develops results grounded on slice- edge digital technology for three essential areas of the global energy sector renewable energy integration, smart grids and results for end- stoner guests. Qatar has an excellent position between Europe and Asia and offers great openings to attract global gift and mate with world- class universities and exploration centres. At Iberdrola Innovation Middle East, machine literacy algorithms and visualisation software have been designed to drastically ameliorate the operations and conservation of wind turbines at Iberdrola’s wind granges around the world. Only a company like Iberdrola, with close to MW of installed onshore wind granges, can attack this type of design, using the data it continuously collects from further than turbines around the world. For coastal wind systems, the centre conducts system stability studies to insure that coastal installations can safely void their affair to the transmission grid. On the client side, technologies grounded on pall computing have been developed to enable the stoner to control electric vehicles, heat pumps, water heaters and solar panels, and therefore, not be a unresistant but an active player, who can contribute to making the grid and system more manageable and contribute to the thing of net- zeroemissions.The secret of the Spanish company’s success lies in combining traditional chops, similar as power systems engineering and energy operation, with IT chops, similar as data analysis and software development. Iberdrola has signed graduates from Qatar’s universities, forming a great platoon combining original reclamation with transnational gift from Iberdrola and other countries. Common development with leading mates is the other crucial aspect of this centre, which has cooperation agreements and several exploration systems with three Qatari universities HBKU, Texas A&M and Qatar University; as well as a cooperative design with Qatar’s mileage company, Kahramaa, in different fields similar as smart metering, electric vehicles and energy effectiveness in seminaries.