Q4 2020

BUILD Q4 2020 News mera Technologies (ETL) recently launched its new utility-owned residential product called Block- Energy Lift-Off during North America Smart Energy Week 2020. BlockEnergy is a modular, turnkey power system that capitaliz- es on battery storage, power electronics and the lowering cost of renewables. Combined, these emerging innovations form the first utility-focused business model for rate-based, distributed energy to be owned and operated as a utility asset. The result is a flexible, scalable, distributed power platform that’s able to seamlessly interoperate with the grid. Emera Technologies is a subsidiary of Emera Inc., a $32 billion energy company based in Canada, serving approximately 2.5 million utility customers in Canada, the U.S. and the Caribbean. “Our focus at Emera is to safely deliver cleaner, reliable energy while maintaining affordability for customers,” says Scott Balfour, President and CEO of Emera Inc. “Our investment in Based On Solar Energy Emera Technologies unveils BlockEnergy residential product and announces residential development partnership. E Emera Technologies and BlockEnergy is an example of our strategy in action as we position for the evolving energy land- scape that’s transforming the utility industry,” said Balfour. As customer demand for renewable energy increases, there is also a growing expectation for greater reliability, more choice and more control over energy use. Emera is strategically ex- ploring emerging technologies and solutions to serve changing customer needs and to help shape the future of the industry. “BlockEnergy is an innovative solution for utilities to drive the adoption of distributed energy resources to incorporate more renewables while optimizing system efficiency and managing affordability for customers,” says Rob Bennett, CEO, Emera Technologies. “This technology is a truly independent, seamless, community-level solution, based primarily on solar energy.” BlockEnergy goes beyond the needs of one home to a greater vision by serving the needs of a community, powered by a mod- ular, highly renewable power platform with advanced reliability.