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14 Jul 2020
José Ignacio Hormaeche, Managing Director of the Basque Energy Cluster (ACE), highlights the importance of energy transition for economic recovery, especially after the COVID-19 crisis. In the video interview, carried out by SPRI Group, Hormaeche explains that sectors like renewable energy and the fostering of industry digitalisation will be essential in this new era.
The Basque energy sector in is one of the most important economic sectors in the region, with around 380 companies operating in value chains connected to energy. They account for a turnover of around 55 billion euros globally, including the figures of two multinationals based in the Basque Country, like Iberdrola and Siemens Gamesa. Basque production reaches 14 billion euros, of which over 40% is used for exports. Furthermore, this sector employs over 23,000 people in the region and invests around 250 million euros in R&D each year.
Keyword
Innovation
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