Spanish electricity company Iberdrola is looking for companies to develop more sustainable electricity grids, as power lines are essential for the transition to a decarbonized economy, the company announced on Monday.
The company, through its international start-up program PERSEO, has launched a competition for innovative companies to propose new materials, designs, manufacturing and construction methodologies for electrical substations and very high voltage lines.
Since 2008, PERSEO has invested more than €100 million in start-ups that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy sector.
Iberdrola has more than 1.2 million kilometers of power lines in the US, Brazil, the UK and Spain.
The company aims to 'optimize the cost of materials and the methodologies currently applied and reduce the environmental impact of the construction of new assets in electricity grids,' Iberdrola said.
Additionally, the company intends to optimize the cost and time associated with civil works and assembly, and increase the safety and risk prevention of assembly processes,' Iberdrola said.
By Zeynep Beyza Kilic