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Elia Group SA/NV is a transmission system operator headquartered in Brussels, Belgium, responsible for managing high-voltage electricity transmission networks in Belgium and Germany. The company operates through subsidiaries such as Elia Transmission Belgium and 50Hertz Transmission in Germany, overseeing infrastructure that includes power lines, cables, and transformers. Founded in 2001, Elia Group employs approximately 3,450 individuals. The company's strategic positioning as a cross-border transmission operator facilitates electricity trade between northern and southern Europe, enhancing grid reliability and market integration. (,)

Iberdrola SA, operating under the ticker IBE, is a multinational electric utility company primarily engaged in the production, distribution, and trading of electricity. The company operates across various sectors including renewable energy, networks, and liberalized markets, focusing on sustainable energy projects. Founded in 1992 and headquartered in Bilbao, Spain, Iberdrola has grown to be a leader in renewable energy, advocating for cleaner energy solutions worldwide.