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Distributed Energy Solutions Provider Correlate Energy Corp. (CIPI) Making Significant Alternative Power Transition an Affordable Reality

  • Transitioning from fossil fuel dependence to alternative, renewable energy sources has taken on increasing importance amid concerns about the growing consequences of climate change
  • Federal government incentives and experimental projects are helping to drive efforts to transition the United States to greater renewable energy use from carbon-based energy sources
  • Idaho-based Correlate Energy Corp. is a distributed energy solutions company making the transition to renewable energy more accessible to mid-tier companies, particularly those with nationwide portfolios that may create multiple revenue opportunities
  • With proven user-friendly finance models, the company works to strategically develop, and profitably sell microgrids and localized green energy solutions, with plans to ultimately retain ownership of some of its energy systems to provide sustainable revenues

Nearly 70 percent of American adults want renewable energy sources such as wind, solar and hydrogen power to be granted developmental policy priority over fossil fuels, according to a Pew Research report last year (https://nnw.fm/5Q8ob), but renewable energy development remains a politically polarizing concern (https://nnw.fm/cIuiO).

Texas, the second-largest state by geography and by population, surpassing 30 million residents in 2022 (https://nnw.fm/XLqdK), has recently reversed decades of support for renewable energy that led it to become the nation’s largest wind power producer, turning instead to fossil fuel support in a variety of government proposals (https://nnw.fm/HLR6x).

Although Texas is the largest consumer of coal power in the United States, renewable energy innovation persists in the state, highlighted perhaps by a U.S. Department of Energy experimental foray into a concentrating solar energy project that relies on using supercritical carbon dioxide to work turbines, instead of steam.

The project has the potential to eliminate concerns about the variability of wind and solar power generation, making solar power able to “pump out electricity or industrial process heat on a 24/7 basis, no matter what the sun is doing,” (https://nnw.fm/CCyL6).

Success for the government initiative could be a new shot in the arm for groups pushing the adoption of renewable energy to combat the anticipated ravages of climate change. Distributed energy solutions company Correlate Energy (OTCQB: CIPI) is a company helping to promote that adoption at a corporate level for mid-tier companies that are often overlooked by large energy companies and consulting firms in the sustainability market.

Correlate Energy’s efforts include identifying localized clean energy solutions and microgrids that the company can finance, develop, and profitably sell to its clientele. Its strategy for scale includes becoming capable of retaining ownership of some of its energy systems to provide sustainable revenues.

To date, the company has completed a number of significant solar energy projects throughout the country, such as an 8.2 MW rooftop solar energy project atop the MGM Mandalay Resort in Las Vegas, a 12.9 MW system for Arizona State University that provides 71 percent of campus solar output, a 6.48 MW project for NFL stadiums in California, New York, Washington and Massachusetts, and a 4.5 MW system for Albertsons-Safeway stores in California.

Correlate participated in a Xendee webinar last month in which company executives discussed their work with Xendee’s PROPOSE distributed energy resource platform to expedite the site analysis process and design proposals that win more deals and inspire investor confidence.

“Behind the meter solar … has been our focus for a long time, specifically on large commercial and industrial properties,” Correlate’s Solar Energy & Storage Director Jason Loyet said during the webcast (https://nnw.fm/6IztH), showcasing a 908-kW solar project recently commissioned and successfully built in Illinois as part of the national portfolios new clients bring in. “We’re at a unique opportunity in the industry, that we really need to move through the design and really qualify the projects and the technologies around it and understand (if this is) a viable project.”

“That continuous evolution from propose to design and to operate I think is really important for customers to feel confident that they’re going to get the results that you’re presenting to them and for you internally to have confidence that you’re not going to get hung out to dry by presenting something to a client and then having to back-walk it because your real design is coming up with different answers,” Chief Product Officer Leif Elgethun said. “I think (the PROPOSE platform) runs hundreds or thousands of different scenarios to come up with the best possible way of designing the system from a sizing standpoint, but then also how are you going to dispatch it if it includes solar storage, EVs (electric vehicles) and other assets, so like literally down to the hour.”

The tool provides Correlate a powerful resource for moving the project rapidly through to completion. 

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://nnw.fm/CIPI

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