Innovation strategy
We strive to be a leading company in innovation in the areas of activity of the Red Eléctrica Group; a company recognised worldwide for its flexibility, capacity to anticipate situations and innovative culture.

Innovation in the Red Eléctrica Group consists of providing value by driving and promoting the incorporation of technologies, solutions and new ways of working as a lever for growth and efficiency that, in a structured manner, promote a cultural change to successfully undertake the Group's future challenges, hence supporting its long-term sustainability and that of the electricity system as a whole.

In 2019 the Group created and set up a new company, RETIT, to promote the energy transition and the transmissibility of and accessibility to information, thus contributing to respond to the current and future challenges associated with the overall management of strategic infrastructure.

In 2019, the Red Eléctrica Group carried out 88 innovation projects, representing a relevant financial investment totalling 10.6 million euros.

 

Spending on R&D+i (million €)
 20152016201720182019
Spending on I+D+i (M€)9,68,69,310,210,6
No. of projects7676858688