The growing renewable energy market in Spain is garnering retail stakeholders’ focus and specifically mobile phone companies. Telecommunications companies like Telefónica are extending into the clean energy sector together with their initial broadband connection services that they have been providing. The IoT product manager of Telefónica, Santiago Díaz-Mor Bautista, stated that the company unveiled its solar line one year ago. The company explained that it is determined to serve the corporate customers who want to minimize their carbon emissions. On the other hand, Spain’s mega-energy company MásMóvil has acquired Lucera, a clean energy utility with about 100000 customers. The executives of the company decided to play low-key with the details of the contract.
MásMóvil and Lucera collaborated in a project last year which informed the provision of 100% clean, renewable energy to the customers of the companies via the newly formed Energy Go program. Additionally, MásMóvil’s Portuguese branch called Nowo also deployed an energy deal at the beginning of this year, making it the second utility providing energy and telecommunications services. Five years ago, MásMóvil procured a Spanish mobile service provider called Pepephone. This brand sold clean energy through PepeEnergy, and MásMóvil was hoping to invest in this program. Reports indicate that MásMóvil is planning on approaching the renewable energy market with Lucera, PepeEnergy, and EnergyGO on three fronts to maximize its profitability while resolving energy problems.
Elsewhere, Spain’s second-largest telecommunications company, Orange, hinted at the possible entrance into this technology in 2019. However, the company has not revealed more details about this plan, resorting to its operations’ confidentiality to cover more ground. Díaz-Mor announced that the commercialization of energy products has increased in Spain after the government became lenient on the energy sector’s regulatory measures. He added that this move had accelerated the growth of various renewable energy projects, with telecommunications companies joining in this energy quest. Currently, Telefónica has developed warehouses to support the solar energy production services that it is offering. The company also offers maintenance and other energy-related services.
The chief executive of Ecovatios, Carlos García Buitrón, stated that phone companies are entering the energy sector because there is something that they have visualized in this business. He explained that this sector has a mega customer base that telecommunications companies want to exploit to succeed. The solar energy industry is crucial for mobile phone companies because they can afford quality installations for these resources. Spain is the newest market for mobile phone companies to exploit solar systems for profitability. Hopefully, these companies will capture the renewable energy market that they will be serving.https://minernews.io/