Drones the size of manhole covers are helping Spain’s biggest utility to squeeze costs of green electricity, spotting faulty solar panels and wind-turbine blades way ahead of engineers on the ground.
Iberdrola SA’s €500,000 (RM2.35mil) investment in drone maker Arborea Intellbird SL is not only helping the company to gain a better understanding of how technology is reshaping the energy industry – it’s also demonstrating a new model for venture capital for Europe’s largest utilities.
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