PERSEO Venture Builder

The PERSEO Venture Builder unit was created to create new business models that contribute to electrification in sectors that are difficult to decarbonise.

At Iberdrola, they are committed to innovation and the energy transition, which is why, through PERSEO, they have created PERSEO Venture Builder. With this new unit, they will invest in the creation of companies that work to make electrification possible in sectors in which, a priori, decarbonisation is difficult, such as industrial heat production and heavy transport, for example.

Through Venture Builder they work on the development of industrial initiatives with high growth potential, something that will benefit society and the economy. Although the activities of this PERSEO unit are mainly carried out in Spain, they do not rule out promotion in other markets in which they operate.

The Venture Builder programme will facilitate the creation of projects to increase energy efficiency in production processes for sectors that are difficult to decarbonise, as well as those that promote the circular economy. These are the main lines of focus of the programme:

- Support for electrification

The aim is to foster business models that promote the electrification of the economy in a clean, sustainable and competitive way. Examples of these business models are the electrification of residential and commercial heating and cooling, energy efficiency management in buildings, electrical energy storage systems, electrification of micro-mobility and light and heavy transport, among others.

- Achieving electrification in sectors that are difficult to decarbonise

These are sectors in which, either due to technological or economic barriers, it is difficult to achieve a significant reduction in pollutant emissions. We are mainly talking about long-distance maritime or air transport, or sectors such as steel and those based on high-temperature industrial heat (steel, plastics, etc.). Perseo Venture Builder will invest in projects that increase energy efficiency in their processes, as well as those that promote the use of emission-free technologies.

- Boosting the circular economy

In line with the Sustainable Development Goals (SDGs), we develop businesses that promote a circular economy model in activities that generate waste in the field of electrification. These include wind, solar and energy storage projects, among others.