Iberdrola

Iberdrola, S.A. is a prominent electric utility company based in Bilbao, Spain, engaged in the generation, transmission, distribution, and supply of electricity and gas globally. The company primarily generates electricity from renewable sources, including wind, hydro, solar, and biomass, making it the largest owner of wind farms in the world. Iberdrola operates a diverse portfolio of power plants, which also includes nuclear and fossil-fuel facilities, totaling 56 gigawatts of capacity. Although it has expanded its operations internationally, with significant assets in the United Kingdom, Brazil, and the United States, Spain remains a key market, accounting for approximately 50% of its generation capacity. Additionally, Iberdrola is involved in purchasing and selling electricity and gas on wholesale markets, as well as providing telecommunications and consulting services. The company serves millions of customers across several countries, solidifying its position as one of the largest utilities worldwide.

Ignacio Estella

Senior Vice President, Corporate Development of Avangrid

Past deals in Electricity

Voltbras

Seed Round in 2022
Developer of a charging station management platform intended to monitor the electro-post network. The company's platform offers a toolkit that manages and controls the charging stations in real-time with the graphical interfaces and makes it possible to monitor the availability of the electrophores, whether they are in use, free, offline, or under maintenance, and receive notifications when there are failures or other events, enabling operators to manage and control the charging stations in real-time with the graphical interfaces of the platform.

UIL Holdings

Acquisition in 2015
UIL Holdings Corporation is a regulated utility company headquartered in New Haven, Connecticut, serving approximately 700,000 electric and natural gas customers across 67 communities in Connecticut and western Massachusetts. Founded in 1899, UIL Holdings operates through several subsidiaries, including The United Illuminating Company, The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and The Berkshire Gas Company. These entities have been providing energy services for over a century, focusing on electric distribution, transmission, and natural gas transportation, distribution, and sales. With total assets exceeding $5 billion, UIL Holdings employs more than 1,850 individuals in the New England region, contributing to the reliable delivery of energy to its customer base. The company is a subsidiary of Avangrid, Inc., which manages a broader portfolio of regulated utilities and renewable energy projects.
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