- International government and business leaders are working together to reduce climate-changing pollution, under United Nations-led efforts to quantify emissions targets that may be attainable by the end of the decade
- Large multinational companies such as automaker General Motors exemplify some of the prime economic movers attempting to redesign their corporate operations to better address green energy opportunities
- The solar energy market continues to grow each year and has reached a point where more than 5 percent of all energy generation in the United States now comes from solar power
- Idaho-based Correlate Energy Corp. is strategically positioning itself amid the growing market with a focus on helping mid-tier, expansive-profile companies transition efficiently to greener energy use in their facilities
- Correlate recently identified a target of $7 million for a planned IPO that it will use to launch itself to a market listing on the NYSE
As the business industry develops strategies for partnering with world governments’ efforts to reduce their reliance on carbonized fuels, distributed energy solutions company Correlate Energy (OTCQB: CIPI) is positioning itself as a serious emerging player in a market poised for substantial growth.
Correlate Energy, or CIPI, is focused on providing the services mid-tier businesses need to transition from greenhouse gas-heavy utility use in their facilities to more efficient, climate-friendly energy profiles that generate less pollution.
“Sustainable power generation — solar, wind, and hydroelectric — has become a fairly mature market in the United States, particularly in the utility and residential markets,” Zacks Small Cap Research noted last year (https://ibn.fm/dpyMb). “Government incentives, lower costs for photovoltaic solar panels, and increasing demand for renewable energy solutions have fueled the expansion of solar generating capacity which now produces roughly 5% of all US electricity. The residential market for solar generation also continues to display healthy fundamentals with forecasts predicting growth of 15%+ per annum through the end of the decade which will further increase the proportion of all electricity generated by solar in the US.”
Automaker General Motors has demonstrated the drive among large corporations deeply invested in carbon fuels to green up their operations, developing a new Energy and Carbon Optimization (“ECO”) Metrics Dashboard to power its pledge to reduce its energy consumption, water consumption, and greenhouse gas emissions across its 118 U.S. sites by 35 percent (compared to a 2010 baseline) by 2035 (https://ibn.fm/LfSJD).
But mid-tier companies are often overlooked by continent-spanning energy companies and consulting firms in the sustainability market, creating a window of opportunity for CIPI.
“Behind the meter solar … has been our focus for a long time, specifically on large commercial and industrial properties,” Correlate’s Solar Energy & Storage Director Jason Loyet said during a March webcast with analytics partner Xendee (https://ibn.fm/ayams). “I think a lot of developers and a lot of commercial salespeople are getting approached by national portfolios — same with Correlate. We’re at a unique opportunity in the industry, (so) that we really need to move through the design and really qualify the projects and the technologies around it and understand (if this is) a viable project.”
As the company scales its operation for further growth, it has defined its terms for a planned initial public offering (“IPO”) that will fund uplisting to the New York Stock Exchange. The company plans to raise $7 million by offering 1.2 million units at a price range of $5 to $7, according to a Renaissance Capital statement last month (https://ibn.fm/91Vfi). It had initially filed a statement with the Security and Exchange Commission (“SEC”) last year for plans to raise up to $14 million (https://ibn.fm/YQbFF).
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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