Foundation system

Repsol SA: The Foundation strengthens its commitment to triple impact investing by joining Hispaled

The Repsol Foundation has acquired 11.29% of Hispaled, a integration company specialize in energy efficiency solutions in the field of LED lighting. Hispaled designs, manufactures and markets luminaires and control systems for different applications: public and industrial lighting, horticulture, etc. With his activity, he promotes the social inclusion of young people at risk of exclusion thanks to a personalized schedule in the workplace.

With this investment, the Repsol Foundation takes a new step in its triple impact investment strategy as a tool to promote a sustainable and inclusive energy transition.

Hispaled is a company that generates a triple positive impact: socialby training and creating job opportunities for young people in vulnerable situations; environmental, through solutions that improve energy efficiency and reduce CO₂ emissions; and economicwith strong growth potential.

According to the president of Repsol, Antonio Brufauthis investment represents an “opportunity to support the scaling up of a truly innovative company, which meets the challenges of a fair and inclusive energy transition”.

The CEO and founding partner of Hispaled, Jorge Fraile, said that the incorporation of the Repsol Foundation into the company represents a new chapter for the social and commercial project of Hispaled, and that it will contribute significantly to the growing impact on society.

Own technology made in Spain

Hispaled is a 100% Spanish company, leader in its field and pioneer in the development of remote management solutions for public lighting. It is the first company in the world to develop a public lighting system based on advanced radio frequency (LoRa) technology, which allows it to manage lighting networks more efficiently, allowing it to detect incidents. , monitor the proper functioning of the luminaires, know and adjust consumption levels, and even make forecasts of future demand.

The company manufactures its lights in Spain, engaged in local production, which allows it to control the quality of the product and contribute to minimizing delivery times and reducing the carbon footprint of products by avoiding journeys.

With over 12 years of experienceHispaled installed more than 180,000 luminaires worldwide and lit up more than 500 Spanish municipalitiessaving more than 100,000 tons of CO₂ with its services and IoT systems since its birth in 2009. In addition, it has a line of high technological value, specialized in the design of LEDs applied to horticulture, adapting different light spectra according to the needs of the crop at one point.

With the entry of the Repsol Foundation into its capital, it intends to continue to progress in R&D&i (research, development and innovation) and increase its commercial capacity, maximize its triple positive impact.

Hispaled was born with social responsibility, as an innovative industrial project for the professional integration of young people at risk of exclusion. In 2018, he became the first industrial company in the Community of Madrid to obtain the integration company certification. Half of its workforce is currently made up of back-to-work workers, focused on generating future employability in the electricity, electronics and energy transition sectors, among others. Its objective is to continue to increase this percentage in the years to come.

Triple Impact Investing

The Repsol Foundation is a pioneer in the commitment to impact investing in Spainsupport the growth of companies that contribute to the global challenge of energy transition by generating a triple positive impact: economic, social and environmental. It operates on four segments: reduction and offsetting of emissions, circular economy, energy efficiency and sustainable mobility.

Besides Hispaled, it has invested in five companies: Sylvestris Groupreforestation as a tool for offsetting emissions; Koikisustainable last mile logistics; GNE Financeeco-sustainable urban rehabilitation in vulnerable areas; Saema, Special Employment Center for the treatment and recovery of plastics and packaging from yellow bins; and Recycling4allcompany created alongside Ilunion for the industrial recycling of household electrical and electronic waste.