Iberdrola gets support for eight industrial electrification projects

Iberdrola has secured European funding for eight industrial heat electrification projects that will support the deployment of more than 150 MW of renewable energy and help reduce emissions in energy-intensive sectors.The projects were selected in the first industrial heat decarbonisation auction under the European Commission’s Innovation Fund. They will replace fossil fuel-based heat generation with renewable electricity using electric boilers.The initiatives are expected to consume aroun