|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
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 27, 2016 01:15 AM EDT Reads: 1,990
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 27, 2016 12:45 AM EDT Reads: 2,920
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Aug. 27, 2016 12:45 AM EDT Reads: 2,138
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Aug. 27, 2016 12:15 AM EDT Reads: 2,250
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 26, 2016 11:15 PM EDT Reads: 1,743
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
Aug. 26, 2016 10:45 PM EDT Reads: 2,057
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 26, 2016 10:00 PM EDT Reads: 1,838
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 26, 2016 09:15 PM EDT Reads: 1,425
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 26, 2016 07:15 PM EDT Reads: 403
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Aug. 26, 2016 07:00 PM EDT Reads: 701
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 26, 2016 07:00 PM EDT Reads: 653
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 26, 2016 06:00 PM EDT Reads: 1,927
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 26, 2016 05:00 PM EDT Reads: 668
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 26, 2016 04:45 PM EDT Reads: 1,532
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 26, 2016 04:30 PM EDT Reads: 2,309