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Ingeteam celebrates its 50th anniversary with a tribute to its founders

Ingeteam celebrates its 50th anniversary with a tribute to its founders

  • Currently employing 4,100 people, Ingeteam has production centres and sales offices in all 5 continents.
  • Ingeteam’s order book is at a record high and its in-house technology development has made it a key player in the electrification of society.
  • The anniversary event was attended by the President of the Basque Government Iñigo Urkullu, the Head of the Bizkaia Provincial Government Unai Rementeria and the Government Delegate Denis Itxaso, among other authorities.

Ingeteam’s 50th anniversary celebration was held today in the Euskalduna Palace in Bilbao, with a stirring tribute to the four families who founded the company. 50 years ago a group of four engineer friends travelling home after completing post-graduate engineering studies in Germany, decided to set up a business. Despite the tough situation at the time, they founded the company TEAM in 1972, and it later merged with Ingelectric to create Ingeteam.


The foursome – Javier Madariaga, Víctor Mendiguren, Miguel Gandiaga and Alberto Belaustegui – laid the foundations for Ingeteam to become what it is today, a company with a staff of 4,100 and four Spanish production centres, in Bizkaia, Gipuzkoa, Navarra and Albacete. It also has production facilities in Milwaukee in the United States, Brazil, Mexico and India, and sales offices in 24 countries. In short, Ingeteam is a multinational operating in all 5 continents.

The anniversary celebration was attended by the Ingeteam’s Chairwoman Teresa Madariaga and its CEO Adolfo Rebollo, together with the President of the Basque Government Iñigo Urkullu, the Head of the Bizkaia Provincial Government Unai Rementeria and the Government Delegate Denis Itxaso, among other authorities. The event also attracted participation from customers, suppliers and company employees.

In the words of Ingeteam’s Chairwoman Teresa Madariaga, “Ingeteam will follow the path set out by its four founders, with the same effort, drive and enthusiasm as they had at the start, to continue at the forefront of technology for at least another 50 years to come”.

Likewise, Ingeteam’s CEO Adolfo Rebollo said he wished to “thank the customers, institutions and all the colleagues that have been part of the Ingeteam family. To those of you who are here today and to those who are no longer with us, thank you for making it possible to celebrate Ingeteam’s 50th anniversary today. With deep convictions and innovation potential, we want to become established as leaders in renewable energy generation, in storage, smart grids and clean, efficient energy consumption. We want to gain even more recognition for changing the energy model, and we will dedicate all our efforts to that in the forthcoming years.”

Over these 50 years, Ingeteam has successfully established itself at the cutting edge of technology in the sectors it works in: wind energy, solar power, electric mobility, electrical grids, green hydrogen, hydraulic generation, the naval, traction, metallurgy, water and mining industries and energy storage, among others.

Technology milestones

To outline some of Ingeteam’s main milestones, in 1984 the company embarked on the development of the first hydroelectric power generation regulation systems, a generation control system that would later be applied to wind energy and photovoltaic power. In the 1990s, together with the electric companies, it specialised in the turnkey supply of turbine regulation and control units and the entire automation process for hydroelectric plants. In the same decade it launched a series of subsidiary companies, firstly in Germany and later in the Czech Republic, Mexico, France, South Africa, Chile, Thailand, Panama, the Philippines, Uruguay, Morocco, the UK, Honduras, Vietnam and other countries.

In 1995, Ingeteam pioneered the development of variable speed machines, a technology that has since become the gold standard of the wind energy industry.

The company’s development of power electronics systems for the wind energy sector in 2000 gave rise to variants applicable to other types of renewable energy, such as photovoltaic solar power in 2001, which was just starting out at the time.

In 2010 Ingeteam took its first steps in the electric mobility sector, developing electric vehicle recharging posts. The company’s focus on the electrification of society, together with its technological capacity, has enabled it to become established as one of the main players in this sector.

Ingeteam began to operate in the energy storage sector in 2009 with various R&D projects. In 2014, after carrying out a series of distribution substation projects, it built the first utility-scale facility, a 9 MWh station annexed to a photovoltaic generation plant.

In 2021 it launched its green hydrogen business with the aim of becoming the leading company for power electronics related to green hydrogen generation.

Over its 50 years of business, Ingeteam has succeeded in securing major contracts with the world’s top companies, winning public contracts and competing with the main technologists on a global level. Its technology is used in wind farms and photovoltaic plants worldwide, on ships and cruise liners, in desalination plants, on trains, metros and trams, in biomass, hydraulic and metallurgical plants and in mines, among other areas.

The company is currently implementing an ambitious strategic plan involving the recruitment of 1,000 people in the next three years, more than 100 of whom will work in the R&D area, and €210m investment, €140m of which will go to R&D so that it can continue its commitment to in-house technology.

The company is a key player in the electrification of society, as can be seen from a record order book resulting from in-house technology development. Thanks to this firm commitment, Ingeteam has invested 5% of its annual turnover in R&D for several decades.