EDP is recognized among the most innovative companies in Brazil

Thursday 05, July 2018

The company is among the top three in the electric sector in the Year Value Innovation

São Paulo, July 4th, 2018 - EDP, a company that operates throughout the value chain of the electricity sector in Brazil, was recognized as one of the three most innovative energy market organizations in the yearbook Value Innovation. The ranking, organized by the newspaper Valor Econômico in jointly with Strategy&, PwC group strategy consulting, included the Company as a highlight in the list of the 150 companies selected.

"It is an honor for EDP to participate in the Innovation Value Award again. The position of the Company in the ranking evidences an upward and consistent result of our commitment to the development of advanced technologies and digital transformation, "says Carlos Andrade, vice president of new business for the Group.

At the Company, a pioneer in Brazil on the mechanization of processes, counts today with 57 robots in operation and recently announced the launch of the Brasil Digital Movement, by the union between the Business Pact By the Humanized Digitization of Labor, promoted in partnership with EY, Korn Ferry and FIAP, and the Digital Nation Manifesto, led by IT Mídia and Fundação Dom Cabral.

EDP also stands out for its Research & Development program, idealized in conjunction with the University of São Paulo (USP) and EY. With an investment of R$ 8.3 million, the initiative develops artificial intelligence applied to the energy distribution area. The objective is to study the impacts of process automation through last generation robots.

O n another front, the support for the Brazilian entrepreneurial ecosystem, through open innovation initiatives that promote the acceleration of startups, such as EDP Starter Brasil, currently in its second edition, and EDP Open Innovation, a global competition that awards the best entrepreneurs with 50 thousand euros to be invested in the business, also contributed to the entry of EDP in the ranking. In 2018, the Company created EDP Ventures Brasil, the first corporate vehicle of capital investment risk in the national energy market, which will allocate R$ 30 million to the entrepreneurial projects in the sector.

With its innovation strategy focused on energy efficiency, consumption, distributed generation and photo voltaic self-production, and electrical mobility - areas in line with the main trends on global market - EDP has secured its good ranking. "Are actions that point to the digitization of the relationship with the client, the decentralization of energy production and the recarbonization of the energetic matrix"says Carlos Andrade.

By the end of this year, EDP expects investments of R$ 100 million in the energy services segment, which represents almost 10% of the total annual contribution in capital goods of the Group in Brazil.