Abengoa’s growth model is based on technological leadership and thanks to its unflinching commitment to R&D&I, this approach enables the company to generate value through new products and processes while improving those already on the market, thus affording it a competitive edge. Abengoa’s ability to generate and draw value from knowledge has proven key to its success and leadership in developing new technologies, processes and knowledge, all geared towards providing groundbreaking and environmentally-friendly technological solutions, which generate value in the mid- and long-term and give the company numerous competitive advantages.
At Abengoa, most investment in R&D&I is channeled into applied research and into developing technological innovation, thus mirroring the company’s strategic objectives.
R&D&I investment in 2011 amounted to €90.6 M, marking a year-on-year increase of 30.8 %, accounting for approximately 1.4 % of sales and placing annual growth in investment at 12 %. This figure does not factor in investment in innovation, which, though not readily quantifiable, is a key element of Abengoa’s strategy.
The table below shows how Abengoa’s investment in R&D has evolved over the past few years in each distinct sector.
Abengoa’s focus on innovation entails a commitment to a range of initiatives. Some of these are already in progress, while others are at the preparatory stage: