- Industrial and commercial buildings are responsible for a significant amount of the carbon emissions affecting the planet’s climate, according to pollution experts
- Correlate Energy Corp. is a distributed energy solutions company, focusing on the North American market, that is dedicated to helping client companies improve their energy use profiles, reducing emissions while maintaining their budgets
- Correlate is strategically positioned to leverage government financial incentives on its clients’ behalf, as well as offering an array of modern, targeted tools to achieve data-driven solutions
- The company currently has about $150 million of in-progress projects in various stages of development
The drive to reduce carbon emissions and improve energy use efficiency for corporate and government office buildings is increasingly driving strategy sessions on climate change, amid efforts to meet the goals of the past decade’s UN-brokered Paris Agreement to battle carbon-based pollution worldwide.
In the European Union, where the ruling council announced earlier this month that it has formally adopted the more stringent climate plan regulations of its Energy Performance of Buildings Directive (https://ibn.fm/J9o8q), buildings account for about 40 percent of the league of states’ energy consumption, with more than half of its gas consumption and 35 percent of the energy-related greenhouse gas emissions (https://ibn.fm/PTg0O).
Distributed energy solutions company Correlate Energy (OTCQB: CIPI) is welcoming the international attention on industrial and commercial building energy use. The company has demonstrated the ability to create stockholder value while facilitating this building utility trend, offering to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers.
Correlate’s focus is on the North American market, working with government incentives and other financial opportunities to help clients find an affordable way to step up their energy use infrastructure.
“We have this constant conveyor belt of a maturity of opportunities (that) really allows us to smartly invest in different parts of the business from origination of sales to construction and oversight,” Correlate Energy President and CEO Todd Michaels told Proactive Investors (https://ibn.fm/8MA23). “Solar’s the most applicable technology. Right now it’s basically beating the grid for costs … so that’s the lead horse. In behind that comes things like batteries, where if somebody wants to have resiliency — let’s say the grid goes down in Texas or California or the Northeast, which is very prevalent nowadays — things like storage can allow them to have 24 / 7 uninterrupted operations.”
By leveraging opportunities with clients that have dozens of locations across the country, Correlate is providing retrofit upgrades at a number of sites, while positioning itself to scale up by retaining ownership of some of its energy systems and acquiring promising renewable energy companies.
The company currently has about $150 million worth of projects being completed, according to its officers.
Correlate announced a partnership with Carbonsight (by Autocase) in February that is strengthening its ability to take a data-driven approach to its decarbonization planning process. The Carbonsight software makes it easier for building portfolio managers to quantify costs, savings and timelines for putting their targeted energy projects into motion (https://ibn.fm/tqvTV).
The company is also utilizing Xendee’s distributed energy resource platform as a tool to effectively complete the site analysis process and design proposals for projects, Chief Product Officer Leif Elgethun said in a recent webinar.
With cutting-edge tools and financing options that were unknown just a few years ago, the company is becoming a significant partner in the worldwide effort to reduce carbon emissions.
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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