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Correlate Infrastructure Partners Inc. Enters $2M+ Solar Power Contract for U.S. Headquarters of Japanese Multinational Technology Company
Correlate Infrastructure Partners Inc. Enters $2M+ Solar Power Contract for U.S. Headquarters of Japanese Multinational Technology Company.
About this update from Correlate Energy Corp.
[{"type":"text","content":"\n BOISE, Idaho, April 21, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Correlate Infrastructure Partners Inc. (OTCQB: CIPI) (“Correlate”), a technology-enabled energy optimization and clean energy solutions provider for the U.S. commercial real estate industry, today announces entering a $2M+ contract for a major rooftop solar energy project in New Jersey. Correlate Infrastructure Partners has designed, engineered and will finance and construct the project with an estimated commercial operation date in Q4 2022. “Corporate America is stepping up their measurable actions to meet investor-driven ESG mandates,” said Todd Michaels, CEO and Correlate president, “and why wouldn’t they, it's tremendously profitable for them. In New Jersey, our clients will typically save at least 20% on day one while converting 70% of the facility's electricity use to carbon-free solar energy. With Correlate, customers put up zero capital and simply get cheaper, clean power at a fixed price. That’s an infinite return.” Correlate Infrastructure Partners CFO Channing Chen said, “Private real estate investment groups across the nation are seeking our services. They are experiencing volatile energy costs that are adversely affecting their profitability and need a real strategy and execution vehicle to reduce their GHG emissions. We believe that our solutions solve two problems for our clients, while conforming to their corporate procurement rules. It’s a true game changer for those on the sidelines looking to catch up.” According to the EPA’s Greenhouse Gas Equivalencies Calculator, over the next 20 years it’s expected that this one-megawatt solar project will offset 19,185 tons of carbon dioxide from the atmosphere, which is equivalent to 43 million car miles driven or the planting of 287,000 trees. About Correlate Infrastructure Partners Inc. Correlate Infrastructure Partners, Inc., formerly Triccar, Inc., through its subsidiaries Correlate and Solar Site Design, offers a complete suite of proprietary clean-energy assessment solutions for the commercial real estate industry. Correlate believes scaling distributed clean energy solutions is critical in mitigating the effects of climate change. We believe we are at the forefront of creating an industry-leading energy solution and ...