Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp (APUC) and Emera jointly own and operate assets through US utility company California Pacific Electric Company (Calpeco), LLC. Emera’s 24.4% equity interest in APUC allows for a share in APUC’s approximately $1 billion of clean, renewable electric generation and sustainability utility distribution businesses. APUC’s focus on unregulated renewables and small electric and gas utilities provides a broad platform for growth in Emera’s renewables strategy.
Algonquin Power & Utilities Corp »
Atlantic Hydrogen Inc.
Emera is the largest single shareholder of Atlantic Hydrogen Inc., a New Brunswick-based company developing and commercializing two proprietary technologies that capture and remove carbon from natural gas. Emera believes these technologies will play a major role in future greener energy production.
Atlantic Hydrogen »
Maritimes & Northeast Pipeline
Emera has invested in Maritimes & Northeast Pipeline (M&NP), which is co-owned by Spectra Energy and Exxonmobil Canada.
The 1,400-kilometre pipeline transports natural gas from the Sable reserves to markets in Atlantic Canada and the Northeast US.
Maritimes & Northeast Pipeline »
Emera owns a 3.3% interest in OpenHydro, a company that designs and manufactures marine turbines to harness energy from tidal currents. A test unit was successfully deployed in 2009 and recovered in 2011 in partnership with Nova Scotia Power.