Cleantech Day - Iberdrola

A VISION ON THE NEW CLEAN

TECHNOLOGIES

4th October 2011Agustín Delgado Martin

Innovation, Environment & Quality Director

CHANGING ENERGY SECTOR

IBERDROLA Innovation, Environment & Quality department

R&D in figures

Pre

vis

ión

Pre

vis

ión

130-150 M€/year in the next 3 years

Gasto en I+D - 2010


Pre

vis

ión

Pre

vis

ión

1ª Spanish utility7ª Spanish firm5ª European utility

EDF GDF-Suez Vatenfall Iberdrola Enel EON

486

222

170149

130

8661

EDF GDF-Suez Vattenfall RWE Iberdrola Enel E-on

Gasto en I+D - 2010 (M€)

A MAJOR WORLD PLAYER IN R&D AND INNOVATION IN THE UTILITY SECTOR

(300 M€ for 2008-2010 / 500 M€ for 2011-2014)

R&D plan

Development of IBERDROLA R&D Strategic Areas

• R&D for long term value creation

• Process Innovation for efficiency improvement

• Focus on Power Quality in T&D Networks

• Maximise assets value through O&M improvement

• Strong commitment to environmental and safety issues

4

Best in Class Knowledge Management

Best in Class R&D Management

• Open R&D management integrating our R&D partners

• Decentralized R&D close to the Strategic Areas

• High quality R&D management (UNE 166.000 Standards)

• Culture for innovation including training for employees

• Innovative structure for Technology Monitoring

• Development of Key Talent

• Share best practice and knowledge

• Advanced technical learning

• Strong partnership with world-class R&D providers

R&D MAIN AREAS

Network Integration

Resp

ect fo

r the E

nv

iron

men

t

SE

CU

RIT

Y &

SA

FE

TY

Wind Resource

Electric InfrastructureImprovement

Engineering for the new Nuclear Power Generation

Resp

ect fo

r the E

nv

iron

men

t

SE

CU

RIT

Y &

SA

FE

TY

Nuclear Operation & Maintenance

Carbon Capture and Sequestration

New Materials & Equipments

ST

AF

F &

FA

CIL

ITIE

S S

AF

ET

Y

Service Quality

Smartgrids

ProtectionsRe

sp

ec

t for th

e E

nviro

nm

en

t

Reneweables Networks Generation & Retail


Resp

ect fo

r the E

nv

iron

men

t

SE

CU

RIT

Y &

SA

FE

TY

Thermo Solar Energy

Off-Shore wind power

Biomass Energy

Generation Forecasting

Marine Energy, PV& other sources

Operation Improvement

Resp

ect fo

r the E

nv

iron

men

t

SE

CU

RIT

Y &

SA

FE

TY

Operation and Maintenance

Cogeneration

Materials

Energy Management

Energy selling process

Te

lec

om

s

ST

AF

F &

FA

CIL

ITIE

S S

AF

ET

Y

Smartgrids

Distributed Energy

Wave Quality

Assets Management

Active Demand Side Management

New ways for gas distribution

Re

sp

ec

t for th

e E

nviro

nm

en

t

Process development to adopt new regulations

PERSEO within the Innovation Framework

Ris

k

Disruptive / Radical Disruptive / Radical

InnovationInnovation

Inversiones Financieras Perseo 6

TimeShort Term Mid Term Long Term

Incremental Incremental

InnovationInnovation

PERSEO in the Iberdrola´sStrategic R&D Plan

Incremental and evolutionary InnovationIncremental and evolutionary InnovationIncremental and evolutionary InnovationIncremental and evolutionary Innovation

Improving the business & technology processes.Improving the business & technology processes.

Promotion of internal R&D Projects .Promotion of internal R&D Projects .

Results in the short / mid term.Results in the short / mid term.

R&

D P

lan

R&

D P

lan

R&

D P

lan

R&

D P

lan


Results in the short / mid term.Results in the short / mid term.

Disruptive / Radical InnovationDisruptive / Radical InnovationDisruptive / Radical InnovationDisruptive / Radical Innovation

Investment vehicle.Investment vehicle.

Research on renewable energy.Research on renewable energy.

Results in the long term.Results in the long term.

Str

ate

gin

cS

trate

gin

cR

&D

Pla

nR

&D

Pla

nS

trate

gin

cS

trate

gin

cR

&D

Pla

nR

&D

Pla

n

Main Goals

Ensure Iberdrola´s access to the future renewable energy generation technologies

Complete the Strategic R&D Plan with a disruptive innovation vehicle


vehicle

Allow creation of high technological value with a high-risk initiative

Boost the development of an innovative business sector

How PERSEO works

Idea Idea ManagementManagement

EvaluationEvaluation LaunchLaunch TrackingTracking

•• Project Project

EvaluationEvaluation

•• Identifying Identifying

opportunitiesopportunities

•• Project Project

ApprovalApproval

•• Technical & Technical &

Financial Financial

MANAGEMENTMANAGEMENT


EvaluationEvaluationopportunitiesopportunities

•• Filtering for Filtering for

the the

CommitteeCommittee

ApprovalApproval

•• Agreement Agreement

signingsigning

Financial Financial

TrackingTracking

PERSEO CommitteePERSEO CommitteeInternal & External EvaluationInternal & External Evaluation

COMMUNICATIONCOMMUNICATION

Investment Focus

PERSEOPERSEO´́s main goal is investing directly in technology development, s main goal is investing directly in technology development, not in particular promotions (power generation plants)not in particular promotions (power generation plants)

IBERDROLAIBERDROLA´́s PERSEO venture capital initiative aims to invest in s PERSEO venture capital initiative aims to invest in disruptive renewable technologies and technologies that allow disruptive renewable technologies and technologies that allow

environmental impact reductionenvironmental impact reduction


PERSEOPERSEO´́s budget is 6Ms budget is 6M€€ a year to fund initiatives within the strategic a year to fund initiatives within the strategic areas listed:areas listed:

•• Marine Energy (wave & tidal)Marine Energy (wave & tidal)•• Solar Energy (PV and Solar Thermal)Solar Energy (PV and Solar Thermal)•• Energy EfficiencyEnergy Efficiency•• BiofuelsBiofuels and Carbon captureand Carbon capture•• Others: Green Coal, Energy Storage, Green Transport, Others: Green Coal, Energy Storage, Green Transport,

Hydrogen Fuel CellsHydrogen Fuel Cells

Investment Portfolio

Marine Energies

• Oceantec (Wave Energy)

• Hammerfest Strom(Ocean Current Energy)

Solar Power

• Prometeo (Thermal Solar Power)


• Prometeo (Thermal Solar Power)

• Morgan Solar (Concentrating Solar Power)

CO2 and Biofuels

• AlgaEnergy

• WESTEC