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Correlate Infrastructure Partners Inc. Secures $11.9 Million to Develop and Install One of Pennsylvania’s Largest Corporate Solar Projects
Correlate Infrastructure Partners Inc. Secures $11.9 Million to Develop and Install One of Pennsylvania’s Largest Corporate Solar Projects.
About this update from Correlate Energy Corp.
[{"type":"text","content":"\n BOISE, Idaho, May 24, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Correlate Infrastructure Partners Inc. (OTCQB: CIPI), a leading technology-enabled vertically integrated sales, development and fulfillment platform focused on distributed clean and resilient energy solutions, is pleased to announce that it has successfully secured $11.9 million for its EnerSys solar project in Reading, Pennsylvania with Green Bridge Energy, a leading technology enabled investment platform focused on clean energy projects in the commercial and industrial market segment of the U.S. The EnerSys Headquarters project was originally announced as a 3.8 MW project and was expanded to 5.2 MW and is slated to begin installation in Q3 2023. Once commissioned, the project will be one of the largest corporate solar installations in the Commonwealth of Pennsylvania. This endeavor exemplifies Correlate's deep experience in distributed energy, its commitment to advancing solar development in the Commonwealth and supporting the long-term sustainability goals of its partners. \"We are proud to announce that we have successfully secured capital for this important solar energy project,\" said Todd Michaels, CEO of Correlate. \"Through our partnership with EnerSys, we are helping decarbonize the supply chain with a global market leader and furthering solar development in Pennsylvania. This achievement showcases our ability to drive the clean energy transition while delivering tangible benefits to our partners and communities.\" “Efficient financing is critical to scale distributed energy profitably while offering customers a compelling economic value proposition. Our partnership with Green Bridge on the EnerSys project brings together two highly experienced teams to provide the most efficient and optimal clean energy financing solution to a global leader in stored energy,” said Channing Chen, CFO of Correlate. “Demand for resilient, clean energy is rapidly growing for corporates and real estate owners across the U.S., and the EnerSys project demonstrates the significant value that can be created with the right partners,” said Byrne Huddleston, CEO of Green Bridge. “At Green Bridge, we deliver positive, long-term economic outcomes for real estate owners transitioning to clean energy.” EnerSys is an industrial technology leader s...