Iberdrola acquires 100% of Balantia to accelerate the decarbonisation of companies
Iberdrola acquires the 80% it did not control of Balantia, a company created in 2011 to develop energy efficiency and sustainability in companies, and to enable their decarbonisation and reduce their emissions and costs.
Iberdrola, which entered the firm's capital in 2019 through its start-up programme, Perseo, has over the past four years put Balantia's technological capabilities to good use in more than 180,000 homes and companies, to which it has provided energy diagnostics and information to make decisions in this area.
The company, based in Spain but also developing projects in different European countries, was recently selected by the Spanish Chamber of Commerce in the VII Edition of the SME of the Year Award 2023 as one of the best 15 companies among the more than 1,750 submitted.
Growth through decarbonisation
As a result of this union, both companies will launch the Net Zero Emissions Manager (NZE Manager) platform, which will design the roadmaps for companies on their path towards decarbonisation.
The platform aims to reach a customer base of more than 20,000 companies this year, aiming to become the most widely used tool in Europe in terms of number of users and volume of decarbonisation actions.
With NZE Manager, companies can efficiently manage energy and CO2 emissions, so that a personalised decarbonisation plan can be designed with a time horizon to be achieved between 2030 and 2050.
The tool builds decarbonisation plans focused on achieving emission reductions and associated economic savings. It also calculates the CO2 footprint, indicates the most impactful actions to reduce it, builds dashboards with a special focus on regulatory compliance, dynamically monitors the achievement of targets and manages data from equipment inventories, invoices and asset profiles.
NZE Manager is also supported by a dedicated team to provide advice. Thus, they help to identify the most appropriate energy efficiency and decarbonisation solutions for their activity, develop projects to implement the measures detected, generate state and/or regional deliverables to comply with CO2 footprint regulations in their different scopes, prepare energy certificates, technical due diligences, make records for the different administrations and manage aid, public incentives or Energy Saving Certificates (CAEs).
The platform is aimed at all companies with decarbonisation needs, both large companies - which have the obligation and commitment to have an emissions reduction plan, measure and report it, also supporting their entire value chain to do so - as well as other smaller companies.