Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. Iberdrola, S.A.
  6. News
  7. Summary
    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Iberdrola S A : and Porsche join forces to promote the ultra-fast charging of electric vehicles in Spain

11/24/2020 | 02:39am EST

NewsBack

20/11/2020
Iberdrola and Porsche join forces to promote the ultra-fast charging of electric vehicles in Spain

Raquel Blanco, directora global de Smart Mobility de Iberdrola, y Tomás Villén, director general de Porsche Ibérica

Raquel Blanco, directora global de Smart Mobility de Iberdrola, y Tomás Villén, director general de Porsche Ibérica

PreviousNext
  1. Go to Photos 0
  2. Go to Photos 1
  • The energy company will install 35 Premium charging stations, to be known as the Porsche Iberdrola High Power Charging Network, over two years, featuring the most powerful 150 kW and 350 kW chargers on the market, compatible with the Porsche Taycan
  • Iberdrola is making further advances through the implementation of its sustainable mobility plan, which the installation of 150,000 electric chargers in homes, companies and on the public road network over the next five years

Iberdrola and Porsche have decided to join forces to push forward the electrification of transport, with a collaboration agreement to promote the deployment of ultra-fast charging in Spain.

This agreement will see Iberdrola install 35 Premium stations, to be known as the Porsche Iberdrola High Power Charging Network, featuring the most powerful 150 kW and 350 kW chargers on the market which are compatible with Porsche Taycan vehicles.

Twenty of the stations will be operational next year, with the rest coming on-stream in 2022. Each of the Porsche Iberdrola High Power Charging Network stations will have between six and eight chargers, two with up to 350 kW of power and the rest between 150 kW and 50 kW. A Porsche Taycan will therefore be able to charge 80% of its battery capacity in just over twenty minutes. In only 5 minutes, it will have enough extra power to travel a further 100 kilometres.

Porsche customers can charge their electric vehicles at these stations with 100% green energy from clean generation sources with renewable Guarantee of Origin (GoO) certificates.

The partnership between the two companies to promote sustainable mobility will allow Porsche customers to enjoy 6 months of free charging, not only at the new Premium stations, but also at the network of charging points on public roads that Iberdrola is rolling out across Spain.

'The agreement shows the ambition of our transport electrification strategy and confirms the need to continue to collaborate with all actors in the sector to meet the challenges of mobility based on clean energy and zero CO2 emissions', explained Raquel Blanco, global head of Iberdrola's Smart Mobility. 'This partnership with Porsche Ibérica also puts us in a privileged position to offer ultra-fast charging solutions'.

'At Porsche we are once again demonstrating our commitment to electric mobility', said Tomás Villén, CEO of Porsche Ibérica. 'We want to lead this transition process, contributing directly to the development of infrastructures. A few years ago, we reached an agreement with other manufacturers to set up Ionity, the largest European fast-charging network, which is growing every year. Now, as a result of this collaboration with Iberdrola, we are going to provide Spain's main inter-city roads with enough charging points to ensure that long-distance trips are not an inconvenience in an electric car.'

The electric charging points of the Porsche Iberdrola High Power Charging Network stations will be available on the 'Recarga Pública Iberdrola' mobile App, the only App that includes verified information on all the electric vehicle charging stations operational in Spain, both Iberdrola's and those of other operators too. With this App you can geolocate the charger and reserve and pay from your mobile.

Electric mobility and green recovery

Iberdrola continues its commitment to the electrification of transport in its transition strategy towards a decarbonised economy, as a key way of reducing emissions and pollution and ensuring the green recovery.

The company is implementing a sustainable mobility plan, with an investment of 150 million euros, resulting in an increased roll-out of charging points for electric vehicles over the coming years.

The initiative will see the installation of around 150,000 charge points in homes, companies and on the public road network in cities as well as on the main motorways and highways over the next five years. The commitment to deploying high efficiency charging points will include the company installing ultra-rapid (350 kW) charging points every 200 kilometres, super-rapid points (150 kW) every 100 kilometres, and rapid (50 kW) points every 50 kilometres.

The company has recently become the first Spanish business to subscribe to The Climate Group's EV100 initiative, with the aim of accelerating the transition towards electric vehicles with a commitment to electrifying its entire fleet of vehicles, allowing its staff to charge their vehicles at its outlets in Spain and the United Kingdom by 2030.

Access to legal information
About Iberdrola

Iberdrola is a global energy leader, the number one producer of wind power and one of the world's biggest electricity utilities in terms of market capitalisation. The Group supplies energy to almost 100 million people in numerous countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy and France. With a workforce of more than 35,000 and assets in excess of €122 billion, it recorded a turnover of over €36.4 billion and a net profit of over €3.4 billion in 2019.

Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation in order to offer the most advanced products and services possible to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark as a result of its contribution to the fight against climate change and for sustainability.

Disclaimer

Iberdrola SA published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 07:38:08 UTC


ę Publicnow 2020
All news about IBERDROLA, S.A.
12/05Divest brown coal or risk losing out in renewables race, ENKRAFT tells RWE
RE
12/03Iberdrola Unit Completes Sales Of Gas Storage Facility To ATCO
MT
12/03IBERDROLA S A : sells its gas storage business in Canada to ATCO Group
PU
12/02ATCO Closes the Acquisition of an Alberta Natural-Gas Storage Facility
MT
12/02IBERDROLA S A : winner of the FEMUR "Men for equality" awards
PU
12/02IBERDROLA S A : and H2 Green Steel sign 2.3 billion euros green hydrogen deal
PU
12/02Iberdrola, H2 Green Steel to Develop $2.6 Billion Green Hydrogen Plant
MT
12/01IBERDROLA S A : Six sports projects related to women and girls will become a reality thank..
PU
12/01UK Energy Regulator to Speed Up Payments to Suppliers of Last Resort
DJ
11/30National Grid, Scottish Power fined $211 million for subsea cable delay
RE
More news
Analyst Recommendations on IBERDROLA, S.A.
More recommendations
Financials
Sales 2021 37 541 M 42 299 M 42 299 M
Net income 2021 3 597 M 4 053 M 4 053 M
Net Debt 2021 43 317 M 48 808 M 48 808 M
P/E ratio 2021 17,5x
Yield 2021 4,39%
Capitalization 61 518 M 69 379 M 69 316 M
EV / Sales 2021 2,79x
EV / Sales 2022 2,71x
Nbr of Employees 39 569
Free-Float 96,6%
Chart IBERDROLA, S.A.
Duration : Period :
Iberdrola, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IBERDROLA, S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 9,96 €
Average target price 11,62 €
Spread / Average Target 16,7%
EPS Revisions
Managers and Directors
JosÚ Ignacio Sßnchez Galßn Chairman, President & Chief Executive Officer
JosÚ Sßinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Maria Dolores Herrera Pereda Compliance Director
Juan Carlos Rebollo Liceaga Group Director-Administration & Control
Sector and Competitors
1st jan.Capi. (M$)
IBERDROLA, S.A.-14.85%69 379
NEXTERA ENERGY15.55%174 925
DUKE ENERGY CORPORATION5.53%77 865
ENEL S.P.A.-18.77%77 047
SOUTHERN COMPANY-0.47%68 527
DOMINION ENERGY, INC.-4.47%60 168