|By PR Newswire||
|March 28, 2014 07:21 AM EDT||
NEW GLOUCESTER, Maine, March 28, 2014 /PRNewswire/ -- Today, Iberdrola (IBDRY:US) chairman Ignacio Galan addressed attendees at the Group's Annual General Meeting (AGM) and reiterated the important role the Company plays as an engine for economic growth in countries where it operates. Galan highlighted the projected rate of capital investment, estimated at €9.6 billion ($12.5 billion USD) between 2014-2016, as well as the secondary benefits of corporate purchasing, tax payments, and job creation. As examples he cited €4.4 billion ($5.8 billion USD) in corporate purchases and €5.4 billion ($7.2 billion USD) in tax payments worldwide in 2013.
In the U.S. last year, Iberdrola invested some $800 million in infrastructure improvements, purchased more than $1.2 billion in goods and services, and created thousands of supply chain jobs. Galan reminded investors of the importance of the U.S. market, where Iberdrola's networks businesses deliver electricity and natural gas to more than 2.4 million customers and its renewables group is the country's second-largest wind producer with 5,500 megawatts of capacity, which represents 10 percent of the U.S. total wind generation capacity.
Galan said the Company will continue to execute its business strategy of investing internationally in regulated businesses in 2014 despite a drop of 7% in net profit last year, while keeping spending flat to increase operating efficiency and reducing its debt to further strengthen its balance sheet. In 2013, the Company reduced its net debt by €2.3 billion ($3.1 billion USD).
Around the world, Iberdrola directly employs more than 33,000 people, including more than 5,000 in the U.S. It is estimated that the economic impact of the Group's business activities generate nearly 150,000 additional jobs through direct and indirect employment across the globe. In 2013, the Iberdrola companies hired 2,200 people, half of whom were under 30, and it hires around 1,200 interns each year as well.
"Without a doubt, our human capital is our main asset," Galan said. "Last year we increased training to a total of 1.2 million hours and involved nearly 90% of our workforce."
Through the Iberdrola Foundation, the company also reaches beyond its current workforce. In 2013, the Foundation awarded seventy scholarships worldwide for post-graduate studies, including more than $300,000 awarded by the Iberdrola USA Foundation for energy and environment postgraduate students in Maine and New York. This year, the Foundations expect to provide more than one hundred scholarships in Spain, the United Kingdom, and the United States.
Galan also stressed the scientific research, technological development, and innovation that are essential elements of the Group's strategy. He noted that the Company designated nearly €160 million ($212 million USD) for R&D efforts related to smart grids, clean energy generation, and new technologies.
Galan stated that investors evidently agree with the company's long-term strategy since Iberdrola shares had appreciated 10.5% in 2013, surpassing performance of the Eurostoxx Utilities index and most of Iberdrola's European peers.
Galan repeated the Group's strong commitment to preserve the environment, reporting that in 2013 Iberdrola increased its emission-free generation to more than 60% of its total. This led to the elimination of nearly 20 million tons of CO2, making the Company's emissions 30% lower than its European electricity peers.
He also noted with pride that Iberdrola was named as one of the most ethical companies in the world, according to the 2014 World's Most Ethical Company ranking drawn up by the Ethisphere Institute, which acknowledges organisations that are committed to ethical leadership and behaviour at a corporate level.
Iberdrola is the only Spanish enterprise to have achieved this award in 2014.
Finally, Galan paid tribute to the efforts of "all the men and women who work for Iberdrola around the world," including the management team, union representatives and the Board of Directors "without whose commitment we would not be able to present the results we are submitting to the AGM today."
Visit Iberdrola's website to view the complete 2013 results report: https://www.iberdrola.es/webibd/gc/prod/en/doc/folleto_13.pdf
All financial results herein were calculated using international financial reporting standards (IFRS) and converted to Euros where appropriate. 2013 Euro to USD average conversion rate: €1 = $1.328.
Iberdrola USA is the U.S. subsidiary of global energy leader Iberdrola, S.A. The Iberdrola USA companies employ about 5,000 people with operations in 24 states from New England to the West Coast, providing electricity generation, transmission and distribution, natural gas storage and distribution, and energy services. For more information, please visit our website: www.iberdrolausa.com. Follow us on Twitter: @IberdrolaUSA
SOURCE Iberdrola USA
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 8, 2016 07:45 AM EST
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
Feb. 8, 2016 07:00 AM EST Reads: 130
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 7, 2016 06:45 PM EST Reads: 143
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 7, 2016 05:15 PM EST Reads: 321
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 7, 2016 04:45 PM EST Reads: 192
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 7, 2016 04:15 PM EST Reads: 267
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 7, 2016 03:30 PM EST Reads: 376
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 7, 2016 02:45 PM EST Reads: 144
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 7, 2016 02:00 PM EST Reads: 562
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 7, 2016 01:45 PM EST Reads: 365
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 7, 2016 01:30 PM EST
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 7, 2016 01:15 PM EST Reads: 190
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 7, 2016 01:00 PM EST Reads: 334
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 7, 2016 01:00 PM EST Reads: 161
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 7, 2016 12:00 PM EST Reads: 347