- Residential solar power installations posted a 34% growth from 2.9 gigawatts in 2020 to 3.9 gigawatts in 2021. In addition, 17.6 gigawatts of new utility-scale solar capacity came online between June 2021 and June 2022
- This growth has been linked to the falling cost of solar power infrastructure, with solar PV posting a 70% drop since 2014
- Correlate has seen a notable spike in demand for its products and services in recent months and is currently executing a $200 million project pipeline
- Through its finance platform, the company is making proprietary technology available to interested parties, and through its unique data-driven approach powered by proprietary analytics, it is helping tailor renewable energy solutions specific to customer needs
- Correlate is helping make renewable energy affordable and accessible, to help the country spur economic growth without sacrificing the environment
Over 30 countries worldwide have achieved “absolute decoupling,” with 25 pulling off this incredible feat over the past few decades. Absolute decoupling entails figuring out how to reduce carbon emissions while continuing to grow economically. One major contributing factor to this achievement is the move from fossil fuel to renewable alternatives such as solar, wind, geothermal, and bioenergy, among others (https://ibn.fm/wfNTs).
Correlate Infrastructure Partners (OTCQB: CIPI), a tech-enabled development, finance, and fulfillment platform for distributed energy solutions across North America, believes in the potential of solar energy and the value it holds for aiding the United States to achieve absolute decoupling. Its understanding of the market and the renewable energy sector has allowed it to focus on providing solar energy infrastructure and maintenance services, electric vehicle infrastructure, and intelligent efficiency retrofits for community-scale applications. These aspects have earned it a unique value proposition and a significant competitive advantage in the North American market.
Correlate has seen a notable spike in demand for its products and services in recent months and is currently executing a $200 million project pipeline. This growth reflects an overall increase in the rate of solar power adoption in the United States, with residential installation posting a 34% growth from 2.9 gigawatts in 2020 to 3.9 gigawatts in 2021, according to the U.S. Energy Information Administration (“EIA”) (https://ibn.fm/O9lcV). In addition, 17.6 gigawatts of new utility-scale solar capacity came online from June 2021 to June 2022, bringing utility-scale solar capacity to 65.8 gigawatts (https://ibn.fm/L3llQ). The increase in solar power adoption has been linked to the falling cost of solar power infrastructure, with solar photovoltaics (“PV”) posting a 70% drop since 2014 (https://ibn.fm/eMCbD).
On November 30, 2022, Correlate announced a 3.8-megawatt solar energy installation project with EnerSys (NYSE: ENS), a global leader in stored energy solutions, at their global headquarters in Pennsylvania, making it one of the largest behind-the-meter solar installations in the United States. The project was a critical addition to Correlate’s portfolio while also playing a pivotal role in showing the demand for the company’s distributed energy solutions and the value associated with solar power. In addition, it aids Pennsylvania Governor Tom Wolf in his goal to bring statewide green energy power usage to at least 40%, in a move that seeks to achieve a 26% drop in greenhouse gas emissions by 2025.
“This partnership and project bring together a decade of our team’s vision, whereby we are both supporting a corporate renewables program and helping decarbonize the supply chain with a global market leader,” noted Todd Michaels, Correlate’s CEO.
“We’re proud to be working with EnerSys to further advance solar development in the Commonwealth and to support their commitment to long-term sustainability as an industry leader,” he added (https://ibn.fm/0zybr).
With absolute decoupling heavily dependent on the affordability and availability of clean energy technology, Correlate is aggressive in its push to make this a reality. Through its finance platform, it is making proprietary technology available to interested parties. Additionally, through its unique data-driven approach powered by proprietary analytics, it is helping tailor renewable energy solutions specific to customer needs, aiding in its adoption and an overall transition from reliance on fossil fuels.
EnerSys is a testament to Correlate’s meticulous approach to solar power installation and maintenance. It is also indicative of the company’s capabilities, it’s understanding of the industry, and its belief in the potential of solar power to help countries achieve economic growth without sacrificing the environment. The project also reflects Correlate’s commitment to creating value for its shareholders and pushing the envelope regarding innovation and service delivery.
For company information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/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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