Iberdrola’s innovation center in Madrid officially opened

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The technology innovation center owned by Iberdrola in the Spanish capital of Madrid has been officially launched by the King and Queen of Spain.

To enhance research and development of energy technologies, Iberdrola trains nearly 13,000 people every year at its global hub for knowledge, innovation and job creation.

The facility is used as a test hub for solutions developed by Iberdrola with other technology centres to accelerate the energy transition and the green economic recovery.

Collaboration works other research firms carried out at the facility indluce with universities such as Pontificia de Comillas and Deusto, the Massachusetts Institute of Technology, the University of Strathclyde, the Technologic Institute of Monterrey and Hamad Bin Khalifa University.

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The innovation centre helps to prepare young and senior professionals with the knowledge they require to ensure their employability in sectors of the future.

The digital revolution, automation and an evolving skills landscape have caused a professional gap that puts many people’s jobs in Europe at risk.

Iberdrola leverages the training centre to play its role in the European Re-skilling 4 Employment programme, an initiative of the European Roundtable of Industry (ERT) designed to provide skills training for people at risk of losing their jobs due to the impact of the digital divide.

The European Re-skilling 4 Employment programme, which includes companies such as SAP, Telefónica and McKinsey & Company, aims to promote between 2.5 and 5 million jobs in Europe and between half a million and 1 million in Spain by 2030.

Iberdrola also uses the facility to further train its employees by providing them with 53 hours of training per year.

The official launch of the training facility follows Iberdrola investing of more than €2.3 billion ($2.7 billion) in R&D since 2010 – of which nearly €300 million ($357 million) was invested by 2020 alone. The utility plans to invest €400 million ($476 million) per year by 2025

Iberdrola chairman Ignacio Galán said: “The campus is born from the conviction that the future does not belong to those who theorise, but to those who deliver it. The longest standstill in two generations will be a catalyst for true sustainable development and a recovery that leaves no one behind.”