The European Investment Bank (EIB) has teamed up with Iberdrola to sign a €120 million loan to finance energy innovation projects in Spain. The investment will support research, development, and innovation in renewable energy technologies, with a focus on accelerating the electrification and decarbonization of the economy. Totaling €250 million, the project will cover various areas such as solar photovoltaics, hydropower, wind energy, and green hydrogen. The funding will also drive advancements in electric mobility solutions, grid digitalization, and energy efficiency. Additionally, initiatives to enhance cybersecurity and resilience in power grid management will be incorporated. Iberdrola, as a key player in the project, is committed to promoting an energy model based on electrification using clean and efficient technological solutions. Their investment strategy includes allocating over €4 billion towards research, development, and innovation activities by 2030. These funds will primarily support projects related to renewable energy, smart grids, digital transformation, and green hydrogen. By accelerating decarbonization efforts, Iberdrola aims to address the climate crisis while boosting energy security, competitiveness, and job creation. The collaboration between EIB and Iberdrola signifies a significant step towards achieving energy sustainability and resilience in Spain. This initiative not only contributes to environmental goals but also ensures economic growth and social inclusivity, particularly benefiting regions with lower income levels. The focus on green hydrogen and other sustainable solutions highlights a positive outlook towards transitioning to a more eco-friendly and innovative energy sector.