- Correlate Infrastructure Partners offers a complete suite of proprietary clean energy assessment solutions for the commercial real estate industry, offering facilities access to clean electrification solutions
- The company recently unveiled the Correlate Portfolio Health platform product that seeks to empower real estate owners with energy optimization and procurement capabilities
- The platform is designed to offer recommendations that simplify complex energy analysis, procurement, and funding of deferred maintenance
- CIPI has unveiled the platform at a critical time as experts warn that buildings must have achieved net-zero carbon emissions by 2050 if the goals of the Paris Agreement are to be realized
For the world to meet the goals of the Paris Agreement – which set out to limit global warming to less than 1.5°C – all emissions should have been reduced by 45% by 2030 and reached net zero by 2050 (https://ibn.fm/4RWZ6). This outlook also calls for all buildings to be net zero by 2050. But reports show that buildings have consistently churned out about 33% of all energy-related carbon emissions in the United States and 40% of global emissions. So, an article published on Smart Energy Decisions notes, the world cannot meet consensus climate targets sans the transformation of the building sector (https://ibn.fm/sdXLG).
Recommendations on how to ensure the sector meets the net-zero targets generally include developing more ambitious building codes, undertaking massive retrofitting, and transforming the entire real estate industry. On its part, the Climate Reality Project offers two main solutions: energy-efficient buildings and carbon-negative buildings. To achieve the former, building owners can install better insulations – which can improve energy efficiency by at least 20%, seal gaps, upgrade lighting, install smart energy management systems, and replace outdated HVAC systems. The latter recommendation encompasses producing green energy – mostly using solar panels – with the excess being fed to the grid (https://ibn.fm/8MyUt).
But as various studies point out, building owners face multiple barriers that impact their ability to make decisions or implement the recommendations mentioned above. In one such study, for example, the authors established that “uncertainty and imperfect information about the performance of technology, high opportunity cost of capital, and tradeoffs with other valued system attributes such as reliability and appeal” account for the most common barriers to improving energy efficiency in commercial buildings (https://ibn.fm/UA0pD).
Aiming to eliminate such hurdles, Correlate Infrastructure Partners (OTCQB: CIPI), a company that offers an expansive suite of portfolio-scale development and finance platforms for the commercial real estate industry, recently unveiled the Correlate Portfolio Health platform product (https://ibn.fm/3oS6M).
Developed in conjunction with the US Department of Energy, the product, which is now part of CIPI’s extensive suite, aims to offer real estate owners unrivaled visibility and flexibility into energy optimization and procurement. The Correlate Portfolio Health platform takes a data-driven approach to recommending solutions and simplifying complex aspects – such as energy analysis, procurement, and deferred maintenance funding – with new energy-efficient options, on-site generation, e.g., solar and storage, and commodity energy contracts. It also offers on-demand support to guide the execution of energy optimization recommendations or procurement.
The platform can quantify the costs and benefits of more than 35 facility improvements. This capability, coupled with project financing, enables most facilities that may not have the technical know-how or financial backing to undertake improvements to do so.
Generally, the platform sets out to help building owners profit from fully funded, turnkey decarbonization, and facility health programs. And with businesses and all levels of governments owning, operating, and using buildings that consume 18% of the United States’ power, catalyzing energy expenditures that amount to $190 billion annually, the energy optimization that will result from the use of the Correlate Portfolio Health platform could result in significant cost savings.
In all, CIPI has designed the Correlate Portfolio Health platform to offer:
- Facility and portfolio-level energy, cost, and carbon saving recommendation reports, including 100% project funding for every recommendation
- A bid process for solutions such as solar, roofing, HVAC, lighting, and more
- Custom funding analysis
- On-demand consultation, execution support, and ongoing management reporting
- Quarterly portfolio management reviews
- Measurement and verification of savings as applicable
- Bill audit, complete with online reporting mechanisms
“Correlate Infrastructure Partners is making energy management and procurement transparent and cost-effective as we digitize the process that has been archaic for way too long. We are excited to be at the forefront of an industry that is at an inflection point, and we are eager to begin working to change the way commercial real estate owners optimize energy assets,” commented CIPI CEO Todd Michaels. “Correlate provides the platform that makes energy optimization easy going forward.”
For more information, visit the company’s website at www.CorrelateInfra.com.
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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