Iberdrola‘s chairman, Ignacio Galán, said in an interview with the prestigious Spanish business newspaper Expansión, on the occasion of his speech at the World Economic Forum in Davos 2026, that in a complex geopolitical and economic environment, Iberdrola’s clear commitment to electrification “means efficiency, lower costs and greater security for citizens. And networks are a fundamental factor in that energy security.‘ Galán affirms: ’We in the electricity sector have a unique opportunity: a sector that has traditionally been defensive has become a vector for economic growth, and electricity networks are the best example of this.”
Ignacio Galán sets no limits on the company’s growth: “A year ago, we knew we could exceed €100 billion in market capitalisation, and today we are convinced that we can become the largest electricity company in the world. If today we are worth €125 billion with only 20% of energy consumption electrified, how much could we be worth if we electrified 40% or 50%, as the most conservative estimates indicate?‘
In such a significant year for Iberdrola, its 125th anniversary, Ignacio Galán says that ’it is a source of pride and a responsibility” to lead the company. ‘Firstly, to those who preceded us on this 125-year journey. Also to the more than 46,000 people who work at Iberdrola today. And, of course, to the society we have been serving for more than a century. We serve 100 million people who today demand more than ever electricity-based solutions to grow and develop.’
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