The business model of the co-owned company is to develop new technological products in areas of common interest for the partners, with the aim of increasing their competitiveness and technological leadership, pooling capabilities and sharing risks and benefits. It is financed with capital from both partners, GD Energy Services and Iberdrola (through its investment fund Perseo)

In this regard, some of the activities carried out by GDES T4S are:

  • Development of projects in areas of common interest.
  • Joint investment and exploitation of technology.
  • Enhancing the value of already developed technology.
  • Promotion of new businesses.
  • Co-investment in new companies.

GD Energy Services is a leading international company in the provision of services to the energy sector in the following areas of activity; surface treatment, industrial maintenance, services for renewable energies, and emergencies.

GD Energy Services currently has a staff of over 1500 professionals worldwide. A highly-qualified and customer-oriented team which provides high added-value solutions, adapting to the specific needs of each project.

With its strong commitment to research, development and innovation, GD Energy Services is positioned at the cutting edge of technology developments adapted to specific projects and needs.

Further information: GD Energy Services

PERSEO is Iberdrola’s corporate venture capital programme engaged in investing in disruptive technologies and new businesses to ensure the sustainability of the energy model. The main objectives of this initiative are:

  • To encourage the creation of new business opportunities for Iberdrola.
  • To ensure Iberdrola’s access to the energy technologies of the future.
  • To encourage entrepreneurship and the development of an innovative business network in the energy sector.

Further information: Iberdrola Ventures-Perseo

GDES T4S is part of the “Open Innovation Ventures” initiative of the PERSEO programme, which supplements Iberdrola’s innovation and venture capital activities, fostering cooperation with technology partners, with the aim of accelerating the development of new products of interest to both partners.

GDES T4S was created in October of 2014 as a pioneering initiative within the “Open Innovation Ventures” programme, being the first spin-off set up with a supplier of Iberdrola.