Tuesday, January 9, 2024

Correlate Energy Corp. (CIPI) Marks Successful Close to the Year with Commissioning of ATD’s Huntersville Headquarters Solar Project

 

  • Correlate Energy, a distributed energy solutions company, just announced the successful commissioning of another solar project, this one located in ATD’s Huntersville headquarters
  • The anticipated benefits for ATD go beyond environmental gains and into the expected generation of substantial cost savings by reducing reliance on traditional energy sources
  • ATD’s solar power project follows Continental Envelope’s rooftop solar installation announced earlier

Correlate Energy (OTCQB: CIPI), successfully capitalizing on the continued corporate push for financially positive decentralized energy generation, just announced the successful commissioning a major solar project located in American Tire Distributors’ (“ATD”) Huntersville, North Carolina headquarters. This follows the successful commissioning of a solar project at Continental Envelope’s manufacturing plant in Geneva, Illinois, making it one of the state’s largest rooftop solar facilities (https://ibn.fm/TfiYN).

In the next two decades, the ATD solar power system installed will reduce CO2 emissions by as much as 5,463 tons, the equivalent of approximately 12,442,130 miles of car travel. The company is also optimistic about the benefits beyond environmental gains, specifically, ATD’s ability to generate substantial cost savings by reducing reliance on traditional energy sources.

“We are thrilled to unveil this remarkable project, reflecting our dedication to providing clients with best-in-class sustainability solutions and reducing their carbon footprint,” noted Todd Michaels, Correlate’s CEO (https://ibn.fm/kmnw9).

So far, ATD operates over 120 distribution centers, serving approximately 80,000 customers nationwide. Its move to adopt renewable energy sources, specifically Correlate’s rooftop solar project at its headquarters, affirms its commitment to environmental responsibility and its goal of growing its margins and becoming even more profitable through cost savings. For Correlate, this move demonstrates how businesses can proactively reduce their carbon footprint and bolster energy resilience, all while still enjoying economic benefits.

The project also strengthens Correlate for upcoming projects in the new year, such as a Reading, Pennsylvania, project that just commenced. That project, which has grown from 3.8 MW to 5.2 MW, will be Correlate’s biggest thus far and, once completed, will be Pennsylvania’s largest corporate solar installation.

The just-completed ATD solar power installation reflects Correlate’s competence in its space, and its growing position as an industry leader. It also shows its understanding of the market and strategic approach to carving out a significant market share. As such, it looks to have a successful year 2024, building on the momentum and success gained so far.

“Completing this project at another nationally recognized headquarters building is a major milestone as this initiative showcases the powerful link between sustainability and profitability,” noted Mr. Michaels.

For more information, visit the company’s website at www.Correlate.Energy, 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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