Tuesday, November 22, 2022

Correlate Infrastructure Partners Inc. (CIPI) Sees Jump in Q3 Revenue, Big Demand for its Distributed Energy Solutions

 

  • While governmental leaders continue to work toward measurable climate progress, U.S.-based Correlate Infrastructure Partners Inc. is helping corporate clients attain ESG successes sought by investors 
  • The company recently reported that completion of construction milestones in contracted projects has netted it an 877 percent jump in revenues from Q2 to Q3, amounting to a 15,024 percent increase YOY
  • CIPI’s efforts include helping clients achieve significant yet affordable change in their facilities’ utilities usage through improvements to mechanical, electrical, and plumbing processes, the addition of solar upgrades, water optimization, and other strategic measures

Nearly a decade has passed since world leaders agreed to pursue pollution reduction strategies to keep global temperature increases from peaking at more than 1.5 degrees Celsius above the planet-wide temperature peaks recorded nearly 300 years ago, and many climate policy makers who gathered this month for the latest United Nations-sponsored Conference of the Parties (“COP27”) climate change conference expressed concerns that not enough has been done to adhere to the agreement (https://ibn.fm/q0HDx).

While U.S. President Joe Biden and Chinese President Xi Jinping declared Nov. 14 they would set aside disagreements over some of the countries’ policies enough to work together on fighting climate change, protecting global health and safeguarding access to food, many industries are also doing their part to show environmental, social and governance (“ESG”) responsibility in order to appeal to investors (https://ibn.fm/MK8lv).

Correlate Infrastructure Partners (OTCQB: CIPI), a U.S. company that advises the commercial real estate industry (companies that develop and rent out commercial building properties) on potential ESG improvements and financing opportunities to make those improvements both workable and economical, is demonstrating its own success through a major jump in revenues from its operations.

The company reported Nov. 14 that its quarterly income had grown 877 percent over the previous quarter from $236,690 to $2,312,577, due largely to completion of construction milestones in contracted projects. Year-over-year, Correlate Infrastructure’s revenues grew by nearly 15,024 percent.

“We continue to make smart choices to optimize our organic project delivery based on a dynamic 2022 regulatory and supply chain landscape,” CEO Todd Michaels stated in the company’s Nov. 14 announcement (https://ibn.fm/1Jbdr). “The Inflation Reduction Act enacted in late August (by the federal government) provided new tax incentives that reduce costs for clients and/or elevate returns to investors; this led to larger contract sizes with redesigns to domestic content. While this meant delaying some project starts, it will be a big net gain, and will open new markets for us in 2023.”

CIPI has another $16.2 million in unrecognized revenues in the pipeline for projects currently being installed at customer locations. All in all, the company currently has project opportunities valued at up to $194 million when projects in development are taken into consideration to include agreements that have been awarded but have not yet reached the executed contract stage.

The figures indicate a measure of CIPI’s success in delivering advisory assistance on acquisitions and project development for environmentally friendly solutions, paired with infrastructure and financing resources.

The company’s subsidiaries, Correlate, Inc. and Loyal Enterprises LLC (dba Solar Site Design), analyze utilities usage and provide data-driven recommendations for improvements to HVAC, mechanical, electrical and plumbing processes, the addition of solar upgrades, water optimization and antimicrobial airflow, the strategic procurement of energy sources, vehicle electrification and master controls that provide intelligent oversight of any retrofits.

The availability of government subsidies and the discovery of other financial incentives helps round out the benefits the companies provide. Correlate’s growth points to the rising demand for its expertise.

For more information, visit the company’s website at www.CorrelateInfra.com, including the following:

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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