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Red Eléctrica is driven by innovation. The Red Eléctrica Group has always believed that the best way to predict the future is to create it, and this is exactly what it has been doing since it was founded in 1985. This culture of anticipation led to the creation of CECOEL and CECRE, both being pioneering electricity control centres in the world; contributed to Red Eléctrica also becoming a neutral and essential operator of fibre optic connectivity; promoted the export of the Company’s know-how to the other side of the Atlantic; enabled satellite connectivity through the incorporation of Hispasat into the Group and acted as a catalyst for the creation of Elewit, the Group’s technological platform.

In short, technological innovation has been and still is the hallmark of the Red Eléctrica Group.

This was made evident and showcased at Elewit’s Innovation Sessions recently held in December and which were geared towards highlighting those projects and experiences in innovation carried out by the Company. According to the Group’s CEO, Roberto García Merino, “internal innovation is more straight-forward and more powerful because nobody is in a better position than us to identify where innovation is needed.”

During this conference, which included the participation of highly reputable external experts, various initiatives were discussed and served as the centre stage to present the Elewit Awards in recognition of the best innovation projects with disruptive potential to become a reality. Elewit’s call for the submission of innovative energy projects received more than 30 proposals designed by professionals from the various companies that make up the Group. Said proposals were evaluated by Elewit and the Group's Network of Experts in order to select the finalists and were subsequently assessed by the Group’s Executive Committee. The submitted ideas and projects propose specific responses to the current challenges of the energy and telecommunications sector and suggest improvements or efficiencies to current processes through the use of cutting-edge technology.

For Beatriz Corredor, Chairwoman of the Group, all the proposals received have demonstrated the high level of knowledge and expertise that the Group possesses and the importance of promoting ‘a culture of intrapreneurship’ that seeks to enrich the organisation. "Taking external knowledge as a value-add, together with the capacities that leveraging on this know-how give us, we will find answers to the Group’s  transformation needs, the new challenges of the business model and the new ways of working", concluded Ms. Corredor during the closing of the conference. 
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