Business
Correlate Infrastructure Partners Launches ‘Portfolio Health’ Platform to Address $190B Annual Energy Spend in US Buildings
Correlate Infrastructure Partners Launches ‘Portfolio Health’ Platform to Address $190B Annual Energy Spend in US Buildings.
About this update from Correlate Energy Corp.
[{"type":"text","content":"\n BOISE, Idaho, May 12, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Correlate Infrastructure Partners Inc. (OTCQB: CIPI) (“Correlate” or the “Company”) today announces the unveiling of a new platform product, Correlate Portfolio Health, that gives commercial real estate owners unparalleled visibility and flexibility into energy optimization and procurement across building portfolios. Correlate Portfolio Health is part of the Company’s complete suite of portfolio-scale development and finance platforms, offering commercial and industrial facilities access to clean electrification solutions focused on locally sited solar, energy storage, EV infrastructure and intelligent efficiency measures. Its unique data-driven approach is powered by proprietary analytics, management services, and a highly scalable national fulfillment network to help building owners profit from fully funded, turnkey decarbonization and facility health programs. “Correlate Infrastructure Partners is making energy management and procurement transparent and cost-effective as we digitize the process that has been archaic for way too long. We are excited to be at the forefront of an industry that is at an inflection point, and we are eager to begin working to change the way commercial real estate owners optimize energy assets,” stated Todd Michaels, CEO of Correlate. “Whether you are a commercial business just starting your ESG journey or a building asset owner looking to advance to digital procurement solutions, we are there to bring you into the modern energy era. Correlate provides the platform that makes energy optimization easy going forward.” In a recent report by the U.S. Energy Information Administration, it is stated that businesses and federal, state and local governments own, operate and use 93 billion square feet of U.S. real estate and account for 18% of U.S. primary energy use — more than all of Canada's energy consumption — and $190 billion in energy expenditures every year. Commercial buildings consume 13.6 quads of electricity (35% of electricity consumed in the U.S) and generate 826 million metric tons of carbon dioxide emissions (16% of all U.S. carbon dioxide emissions). Optimizing energy use in commercial buildings has a tremendous positive impact on our environment and energy ...