The European Investment Bank (EIB) and Ingeteam have signed a €75 million loan to invest in research, development and innovation in advanced renewable energy and electrification technologies. Ingeteam is a company specialising in electrical energy conversion through the development of rotating electrical machines, power electronics, control and automation, and digital intelligence. Headquartered in Zamudio, Spain, the company operates in 15 countries. It is one of Europe’s top ten manufacturers of photovoltaic inverters, and this marks its fifth financing agreement with the EIB.
