TAMPA, Fla. – October 22, 2020 – ( Newswire.com )
Emera Technologies LLC (ETL) today launched its new utility-owned residential energy system called BlockEnergy.
BlockEnergy is a modular, turnkey power system that capitalizes 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 Emera Technologies and BlockEnergy is an example of our