We presented our investment plan to the Lehendakari during his visit to the Igorre plant.

• This plan, with an investment of more than 35 million euros for our Igorre plant and our future headquarters in Derio, aims to expand our industrial capacity, incorporate fluorinated gas-free technological solutions, boost the digitalization of the business and advance its commitment to the energy transition and sustainability.

• Within the framework of this transformation, the Lehendakari Imanol Pradales has visited the new production line for cells with SF₆-free technology, located at the Igorre plant. On the visit, he was accompanied by the Regional Minister for Industry, Energy Transition and Sustainability, Mikel Jauregi; the President and Vice President of Velatia, Javier Ormazabal and Alejandro Ormazabal, respectively; the CEO of Ormazabal, Jorge González; and the plant director, José Luis Bilbao.

• With this ambitious investment plan planned for the period 2024-2026, we reaffirm our commitment to industrialization, job creation and the economic development of the area.

At Ormazabal, we continue to make progress in its strategic growth plan with an investment of 35 million euros planned for the period 2024-2026. This investment will go towards the expansion and modernisation of our production centres in Igorre and the consolidation of our new headquarters in Derio in the Technology Park.

During his visit to the Igorre plant, Ormazabal’s largest industrial facility, the Lehendakari Imanol Pradales saw first-hand the progress of the investment plan we are developing at this centre, with a budget of 20 million euros. On the tour, he was accompanied by the Basque Government’s Minister for Industry, Energy Transition and Sustainability, Mikel Jauregi; the president and vice president of Velatia, Javier Ormazabal and Alejandro Ormazabal, respectively; the CEO of Ormazabal, Jorge González; and the plant director, José Luis Bilbao.

This investment plan reflects Ormazabal’s firm commitment to the energy transition, through a decisive commitment to technology and innovation. Thanks to this initiative, we have begun mass production of its new family of cells with SF6-free technology, a solution that is being very well received by the market and that positions Ormazabal as a leader in the development of safe and sustainable solutions for the electricity grid.

The objective of this industrial commitment is to equip the Igorre plant with the most advanced technology for the production of our new family of ‘cgm.zero24’ cells, thus guaranteeing the supply of fluorinated gas-free solutions for both the national and international markets. This product line represents a key step in Ormazabal’s strategy towards a safer, sustainable and efficient electricity grid.

Since it was launched more than 35 years ago, the Igorre plant has established itself as one of the main economic and social drivers of its surroundings, contributing significantly to the creation of employment, wealth and added value. With a team of more than 600 professionals, the facility maintains close collaboration with the industrial value chain, with which it works in a coordinated manner to strengthen the local productive fabric, as well as with the surrounding training centers and universities to promote the talent of the region.

Furthermore, we are making progress in the launch of our new facilities in the Bizkaia Science and Technology Park, which will house the core of our most digital solutions and will become our new global headquarters. This project, which has involved an investment of 15 million euros, will bring together a multidisciplinary team of approximately 200 professionals, consolidating a space for innovation and technological collaboration.

With these investments in manufacturing and R&D, at Ormazabal we are preparing to meet the growth and demand of the sector, while promoting wealth generation and territorial roots. Thus, we currently have a team of 1,200 professionals in the Basque Country, we generate more than 2,000 indirect jobs and we invest around 175 million euros in purchases from Basque suppliers annually. All of this reaffirms our commitment to industrial activity as a driving force for transformation towards a more sustainable and efficient electricity grid, from the territory where we have had our headquarters for almost six decades.

Commitment to technology and sustainability

Technology, innovation, and a commitment to sustainability are fundamental pillars of Ormazabal’s strategy, along with the promotion of key trends such as the energy transition, digitalization and cybersecurity.

In this context, we are firmly committed to R&D&i as a driver of competitiveness, with the aim of optimizing processes, managing facilities and equipment more efficiently, reducing operating and maintenance costs, minimizing environmental impact, and developing new products and services.

In 2024 alone, at Ormazabal we had a team of 115 professionals dedicated to research and we allocated approximately 4% of our turnover to R&D&i activities, which reinforces our position as a benchmark in the development of advanced technological solutions for the country’s electricity grid. future.