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Emera
Emera

Energy / Energy supply

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Overview
Emera is an energy services company based in Nova Scotia, Canada. It was founded in 1998 and is primarily focused on the generation, transmission, and distribution of electricity and natural gas. The company operates in Canada, the United States, and the Caribbean, and serves approximately 2.5 million customers. Emera's operations include electric and gas utilities, renewable energy projects, and natural gas pipelines.
The company's mission is to deliver affordable, safe, and reliable energy to its customers while also being a responsible corporate citizen. Emera is committed to sustainability and has set targets to reduce its carbon emissions, increase its use of renewable energy, and promote energy efficiency.
Emera is a publicly traded company, with its shares listed on the Toronto and New York stock exchanges under the ticker symbol EMA. The company has a diverse group of shareholders including individuals, institutions, and governments.
In addition to its energy operations, Emera also invests in community initiatives and charitable organizations through its Emera Foundation. The company is also committed to promoting diversity and inclusion in its workforce and has been recognized as a top employer for diversity in Canada.
Overall, Emera's goal is to provide reliable and sustainable energy to its customers while also making positive contributions to the communities it serves.
What is special about the company?
1. Energy Diversification: Emera is one of the few companies in the world that specializes in multiple types of energy resources. These include electricity, natural gas, and renewable energy sources such as wind, solar, and hydropower.
2. International Presence: Emera has a strong international presence, with operations in Canada, the United States, and the Caribbean. This global reach allows the company to access diverse markets and resources, creating more opportunities for growth and expansion.
3. Focus on Renewable Energy: Emera is committed to increasing its renewable energy portfolio and reducing its reliance on fossil fuels. The company has set a target of generating 75% of its energy from renewable sources by the year 2030.
4. Innovative Technology: Emera invests in cutting-edge technology to improve the efficiency and reliability of its energy operations. This includes smart grid technology, remote monitoring, and advanced energy storage systems.
5. Sustainability and Corporate Responsibility: Emera is committed to sustainable practices and reducing its environmental impact. The company has established a comprehensive corporate social responsibility program that focuses on community involvement, environmental stewardship, and employee engagement.
6. Strong Financial Performance: Emera has a track record of strong financial performance and stability. The company has consistently delivered solid returns for its shareholders and has a strong credit rating.
7. Diverse Portfolio of Business: In addition to its energy operations, Emera also has investments in telecommunications, real estate, and other industries. This diversification helps mitigate risk and provides stability to the company's overall business.
8. Focus on Safety: Emera emphasizes safety as a core value, and this is reflected in its safety programs and training initiatives. The company has a strong safety record and is committed to providing a safe working environment for its employees.
9. Commitment to Employees: Emera is committed to creating a positive and inclusive work culture for its employees. The company offers competitive compensation and benefits and invests in employee development and training.
10. Strong Leadership: Emera has a dedicated and experienced leadership team, which has been instrumental in driving the company's growth and success. The team is focused on long-term strategic planning and delivering value to all stakeholders.
What the company's business model?
Emera is a multinational energy company that operates in Canada, the United States, and the Caribbean. Its business model is focused on electricity generation, transmission, and distribution.
The company's primary business segments include Emera Utilities, which owns and operates regulated electricity and natural gas, and Emera Energy, which focuses on wholesale energy trading and power generation.
Emera's business model is built around a vertically integrated approach, which means that it is involved in all aspects of the energy value chain, from production to distribution. This allows the company to control and manage the entire process of generating and delivering electricity to its customers.
The company also places a strong emphasis on renewable energy, with a goal to reach 75% of its generation capacity from clean sources by 2030. This includes investments in wind, solar, and hydroelectric power generation.
In addition to its core energy business, Emera also has a diversified portfolio of investments in other industries, such as energy services, natural gas pipelines, and telecommunications.
Overall, Emera's business model is focused on providing reliable and sustainable energy solutions to its customers while also seeking opportunities for growth and diversification.
Interesting facts about the company
1. Emera is a Canadian-based energy company that owns and operates assets in the United States, Canada, and the Caribbean.
2. The company was founded in 1998 under the name Nova Scotia Power Incorporated but was officially changed to Emera in 2000.
3. Emera is headquartered in Halifax, Nova Scotia and has more than 7,400 employees.
4. The company’s main source of revenue comes from the generation, transmission, and distribution of electricity and natural gas.
5. Emera’s largest subsidiary is Nova Scotia Power, which provides electricity to over 500,000 customers in Nova Scotia.
6. In addition to Nova Scotia Power, Emera also owns several other subsidiaries including Tampa Electric, New Mexico Gas Company, and Peoples Gas in Florida.
7. The company has a strong commitment to renewable energy and has invested in wind farms, hydroelectric projects, and solar facilities.
8. Emera has been recognized for its commitment to sustainability and has been named one of Canada’s Greenest Employers.
9. The company has a diverse workforce, with over 43% of its employees identifying as women and over 1,300 employees from diverse cultural backgrounds.
10. Emera is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol EMA.
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