- Distributed energy solutions company Correlate Energy Corp. is working with customers in industrial, corporate, and residential circles, to cost-effectively improve their climate friendliness through superior energy optimization and transition
- The U.S Department of Energy has been promoting clean energy carbon reduction through a Carbon Dioxide Removal (“CDR”) Purchase program awarding up to $35 million in CDR purchase credits
- Multi-national technology company Google has pledged to match the CDR program “dollar for dollar” as part of a public-private partnership, demonstrating their impetus for clean energy solutions
When technology behemoth Google, at times referred to as “the most powerful company in the world” (https://ibn.fm/k7x4a), announced March 14 that it would match the Department of Energy’s (“DOE”) Carbon Dioxide Removal Purchase program “dollar for dollar” in a show of mutually reinforcing public-private support (https://ibn.fm/Xv3vP), it underscored the importance many large market movers place on climate change responsiveness.
Google plans to work with its partners to identify and scale technology-based and nature-based carbon dioxide removal (“CDR”) solutions during the coming year (https://ibn.fm/p2AV8) under the DOE’s goals relating to direct air capture (“DAC”), enhanced CO2 mineralization, biomass carbon removal with storage (“BiCRS”), and other planned and managed carbon sinks with secure geological storage or equivalent (https://ibn.fm/vF60q).
Distributed energy solutions company Correlate Energy (OTCQB: CIPI) is a working publicly traded enterprise strategically positioned to capitalize on corporate environmental, social and governance (“ESG”) efforts to improve their carbon footprints through affordable intervention that has the potential to generate profits for its clients.
Correlate Energy’s aim is to make solar power and other green energy solutions accessible to mid-tier companies that are often overlooked by large energy companies and consulting firms in the sustainability market.
The company’s operational model involves identifying localized clean energy solutions and microgrids it can finance, develop, and profitably sell to customers in business and residential circles, while also retaining ownership of some energy systems that Correlate can use to sustain its own cash flow needs and build earnings for its shareholders.
Recently, Correlate Energy announced a partnership with online decarbonization planning tool Carbonsight (by Autocase) to help corporate building portfolio managers organize the data they need to improve their green footprints (https://ibn.fm/Ar94X).
Correlate’s completed projects include the 26,000 individual solar panels atop the MGM Mandalay Resort in Las Vegas, which comprised the largest rooftop solar project (8.2 MW) west of the Mississippi when they were installed nearly a decade ago.
Correlate has also completed a 12.9 MW system for Arizona State University that provides 71 percent of campus solar output to offset 15,600 tons of carbon dioxide each year, 6.48 MW for NFL stadiums in California, New York, Washington and Massachusetts, and a 4.5 MW system for Albertsons-Safeway stores in California.
“Solar’s the most applicable technology. Right now it’s basically beating the grid for cost,” CEO Todd Michaels said during a December Proactive interview (https://ibn.fm/SkdBI). “In behind that comes things like batteries, where if somebody wants to have resiliency, let’s say the grid goes down in California or Texas or the Northeast, which is very prevalent nowadays, things like storage can help them to have 24/7 uninterrupted operations. … (And) nowadays people are electrifying their vehicles. That’s not just consumers cars, but this is also things like short-haul trucking or retail infrastructure of their buildings. … That’s why our contracts are ever-increasing in size as well.”
For more information, visit the company’s website at www.Correlate.Energy, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.Correlate.Energy/our-process
- Platform Generates New Rent and Operating Income, Allowing You To Meet Your ESG Goals: www.Correlate.Energy/program
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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