Galán presents plans to invest in the US more than 20 billion dollars in grid infrastructure by 2030

Ignacio Galán United States electrical network investment

"The United States is one of Iberdrola's main investment destinations. To the $50 B invested in the last 20 years, we will add more than $20 B between now and the end of the decade to modernise, expand and digitalise grid infrastructure"

Ignacio Galán

Executive Chairman of Iberdrola

Ignacio Galán, Executive chairman of Iberdrola, with the US Secretary of Energy, Chris Wright.

The meetings were held in Houston on the occasion of CERAWeek, the largest energy conference in the US and one of the largest in the world
The company has plans to invest $20 B in transmission and distribution networks, as well as opportunities in generation
Iberdrola has assets worth $50 B in the country, 80% of which are in electricity grids
Tomorrow, Wednesday, Galán will speak at the plenary session called ‘Energy at the Crossroads: Policies, technologies and investments’

The Executive Chairman of Iberdrola, Ignacio Galán, is taking part this week in the CERAWeek Conference organised by S&P Global, the largest energy event in the United States and one of the largest in the world, which is being held in Houston, Texas from 10 March to Friday 14.

Ignacio Galán has held meetings with the top energy policy makers in the United States: the Secretary of Energy, Chris Wright, and Doug Burgum, Chairman of the National Energy Dominance Council and US Secretary of the Interior. During these meetings, Galán expressed his commitment to the country, where significant growth in electricity demand is expected.

‘The United States is one of Iberdrola's main investment destinations. To the $50 B invested in the last 20 years, we will add more than $20 B between now and the end of the decade to modernise, expand and digitalise grid infrastructure, making the expected increase in demand in the country possible’, said Galán.

These investments could be increased through generation projects.

50 billion dollars in assets after two decades in the US

After 20 years in the United States, Iberdrola has assets worth $50 B in 24 states, employs more than 9,000 people in the country, and supports a total of 70,000 jobs through its purchases. Eighty percent of Iberdrola's business in the US is electricity grids. The company currently operates more than 170,000 kilometres of power lines in the states of New York, Connecticut and Maine, among others. Iberdrola has an installed capacity of around 10,000 MW.