Thursday, September 17, 2020

Emergent Microgrid Acquired By Electriq Power

Santa Barbara-based Emergent Microgrid, a developer of community microgrids in Santa Barbara and Montecito, in an apparent acquisition deal with smart home battery manufacturer Electriq Power. According to the companies, Emergent Micro's portfolio "will be toassigned to Electriq Power" and Emergent's co-founders, Stephen Honikman and Henry Meyer, will become SVP of Project Finance and Structure, and SVP of Services at Electriq. Electriq Powersaid it will incorporate Emergent's software tools into its capabilities. Those tools provide installers automated microgrid proposal generation with integrated sizing, use-case and economic modeling, as well as incentive processing, according to Electriq.