Red21

Innovation

Energy efficiency, security of supply and sustainable development of the facilities that provide support to the electricity system are the key axes on which the innovation of the Company is channeled.

The efforts of Red Eléctrica regarding R&D+i are directed towards achieving a position of international reference in this field, fulfiling the technological vision of the Company: integrating technological innovation and development as a strategic activity, securing a position of leadership within the TSO sector. 

In 2016, Red Eléctrica approved a new innovation strategy with the purpose of boosting innovation as a lever for growth, cultural change and improvement of the Group's sustainability. This initiative aims to extend innovation to all areas of business activity, focusing mainly on four vectors: digitalisation, people, sustainability and technology.

In the international arena, of note is the Company's participation in ENTSO-E's Research and Innovation Roadmap 2013-2022, which establishes the technological strategy of the European TSOs to meet the targets of the European Union's energy policy (20-20-20).

Red Eléctrica also collaborates with the European Platform for Technology and Innovation in Electricity Grids (ETIP) within the SET Plan of the EU.

For years, the company's R & D & I spending has been growing steadily. In 2016 this spending was € 8.6 million, targeting more than 70 projects.

 

Spending on R&D+i (million €)

Spending on R&D+i (million €)
  2010 2011 2012 2013 2014 2015 2016
Spending on R&D+i (M€) 5,02 7,22 7,64 14,23 8,28 9.62 8,6
No. of projects 64 56 50 62 66 76 76