Iberdrola takes full ownership of Balantia to accelerate corporate decarbonisation
In a significant advancement for corporate sustainability, Iberdrola has completed the acquisition of the remaining 80% stake in Balantia, a company specializing in energy efficiency and decarbonization. This move consolidates Iberdrola’s commitment to accelerating the decarbonization of corporate sectors across Europe, enhancing their operational stance in sustainable business practices.
Balantia, known for its robust technological solutions in energy efficiency, has been a part of Iberdrola’s portfolio since 2019 through its startup program, Perseo. Over the past four years, Balantia’s technologies have been implemented across more than 180,000 homes and companies, providing vital energy diagnostics and decision-making tools for sustainable operations.
The acquisition is not just a business expansion but also a strategic enhancement of Iberdrola’s services in the renewable sector. Recently, Balantia was recognized as one of the top 15 companies at the VII Edition of the SME of the Year Award 2023 by the Spanish Chamber of Commerce, selected from over 1,750 participants. This accolade underscores Balantia’s influential role and reliability in fostering energy efficiency.
Post-acquisition, Iberdrola and Balantia have unveiled the Net Zero Emissions Manager (NZE Manager) platform. This innovative tool is designed to assist companies in crafting roadmaps towards achieving net-zero emissions. Targeting an ambitious user base of over 20,000 companies this year, the NZE Manager aims to become Europe’s most widely utilized decarbonization tool in terms of user numbers and action volume.
The NZE Manager not only offers customized plans for reducing greenhouse gases but also integrates economic considerations by highlighting potential savings. Its comprehensive features include CO2 footprint calculation, regulatory compliance dashboards, and dynamic monitoring of set objectives. The platform is supported by a specialized team providing tailored advice on energy efficiency and decarbonization strategies, helping companies comply with various regional CO2 regulations.
This strategic tool is set to revolutionize how companies manage their energy consumption and emissions, providing a scalable solution for both SMEs and large corporations committed to sustainability.
The merger of Iberdrola’s resources with Balantia’s technological prowess through the NZE Manager platform represents a significant step forward in corporate environmental responsibility. By providing actionable and customizable solutions for energy management and CO2 reduction, this initiative is poised to make a considerable impact on Europe’s corporate sustainability landscape.