- Amid a politicized backlash over corporate ESG responsiveness, investors are increasingly focusing on the E element in the acronym — environmental transitioning
- Distributed energy solutions company Correlate Energy Corp. is an environmental stewardship-responsive company helping clients to adopt microgrid and clean energy strategies
- The company recently completed the installation of an emission-reducing rooftop solar power project, billed as the largest such facility in Illinois
- Correlate’s installation is expected to reduce about 18,849 tons of carbon dioxide over the next 20 years while providing about 20 to 25 percent of the facility’s overall needs
Global asset manager giant BlackRock’s recent decision to scrap its Environmental Social Governance (“ESG”) investing strategy in favor of a focus on environmental-only “transition investing” (https://ibn.fm/X404T) represents a response to the “backlash against politicizing investment processes that are governed by legal obligations,” and stands to actually increase attention on companies that support energy-users’ transition to green energy alternatives.
Distributed energy solutions company Correlate Energy (OTCQB: CIPI) is seeing an increasing number of corporate clients partnering with its microgrid and clean energy strategies as the demand for resilient, clean energy continues to trend in the United States.
Correlate Energy recently completed the emission-reduction installation of a large rooftop solar power facility at Illinois’ Continental Envelope manufacturing plant, reducing Continental’s anticipated energy costs in the process.
The installation will supply approximately 20 to 25 percent of the facility’s overall energy needs and is estimated to offset about 18,849 tons of carbon dioxide over the next 20 years, according to a company news release (https://ibn.fm/Vi6Ct).
An Accesswire report noted that other recent client contracts include a 3.8 megawatt (“MW”) installation for the global headquarters of EnerSys, a 5.2 MW expansion of work for Green Bridge Energy, and other projects for American Tire Distributors Holdings Inc. and Kyocera Corp. (https://ibn.fm/zETd0).
Correlate’s most recent quarterly financial filing showed operating expenses decreased while gross profits and cash flow increased, following on a huge jump in revenues during the previous quarter.
“Solar’s the most applicable technology. Right now it’s basically beating the grid for costs. We easily can do typically a 10 to 20 percent discount day one from what somebody pays their local utility for power, so that’s the lead horse,” Correlate CEO Todd Michaels told Proactive (https://ibn.fm/rmR35). “In behind that comes things like batteries, where if somebody wants to have resiliency — let’s say the grid goes down in Texas or California or the Northeast, which is very prevalent nowadays — things like storage can allow them to have 24 / 7 uninterrupted operations.”
Last month, Correlate also announced a partnership with Carbonsight (by Autocase), an online decarbonization planning tool for real estate portfolios. The agreement is designed to help building portfolio managers organize the relevant data for improving their green footprints, establishing potential CO2-reducing solutions and visualizing the scenarios for achieving their emission-reduction goals (https://ibn.fm/QnE9a).
“We are creating a powerful synergy that empowers businesses to navigate the transition to a low-carbon future with confidence,” Michaels stated.
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://ibn.fm/CIPI
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