Scotiabank Partners with Lightspark to Support Rollout of Comprehensive Digital Home Energy Label to Help Reduce Carbon Emissions

TORONTO, Sept. 15, 2022 /CNW/ - Scotiabank announced today that it will be partnering with Lightspark to rollout the Energy Efficiency Concierge platform through a pilot in the cities of Calgary and Edmonton, which will help consumers connect with energy-saving home retrofits and reduce their carbon footprint.

The Energy Efficiency Concierge platform will provide homeowners with a comprehensive Digital Home Energy Label - the Lightspark Home Energy Score. The platform helps homeowners understand their energy and carbon costs and guides them through the benefits and decision-making process of upgrading their home with energy-saving technologies including heat pumps, hybrid heating systems, envelope upgrades and solar power. The platform also connects homeowners to energy advisors, trades, financing, city rebates and other resources to enable home energy retrofits.

"Scotiabank is pleased to support the activation of Lightspark's Energy Efficiency Concierge platform which will help homeowners shift from thinking to acting on home carbon reduction," says John Webster, Head, Real Estate Secured Lending & Scotia Mortgage Authority at Scotiabank.  "We believe Lightspark's innovative platform will make it easier for homeowners to understand and navigate the home retrofit market and reduce their emissions, while generating enhanced data for consumers, financial institutions, cities and utilities as they transition towards net zero."

Following the successful rollout of the platform in Calgary and Edmonton, Lightspark intends to rapidly scale and accelerate the implementation of its residential carbon-reduction programs across Canada and internationally to help cities meet their net-zero emission targets by 2050.

"We are very grateful to Scotiabank for supporting the rollout of our Energy Efficiency Concierge platform in Calgary and Edmonton where homeowners understand the value of improving home energy efficiency," says James Riley, CEO and Founder of Lightspark. "Through the platform, we look forward to connecting our institutional customers, including cities, municipalities and governments who are looking to measure and reduce carbon, with consumers who want an easier way to increase their home value and comfort." 

The Energy Efficiency Concierge platform is also supported by the Alberta Ecotrust and the Alberta Real Estate Foundation. The platform will enable Alberta realtors to provide Lightspark's value-added services including access to home-improvement solutions, financial incentives and loans for home buyers. Homeowners in Calgary and Edmonton can register with the Lightspark Energy Efficiency Concierge platform starting in October 2022.  For more information, visit lightspark.energy.com

About Scotiabank 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of approximately $1.3 trillion (as at July 31, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

About Lightspark

Lightspark's mission is to accelerate the reduction of greenhouse gas emissions by supporting Canadians in achieving their 2030 greenhouse gas emissions targets in the home building sector.  Lightspark provides Program Design software for cities and utilities, and a consumer friendly "Efficiency Concierge" that provide homeowners with a unique Lightspark Score, or digital home energy label and guides homeowners through the benefits and decision-making process of upgrading their home with new technologies such as heat pumps, hybrid heating systems, envelope upgrades and solar. The software uses data to display the benefits of home upgrades including comfort, cost and energy savings, project costs and aggregates incentives, discounts and available loans in a given region, reducing the complexity of home retrofit programs with an "Energy Efficiency Concierge" design approach.

SOURCE Scotiabank

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