- Renewable energy generation grew at an annual rate of 15% between 2011 and 2020, and if this rate of growth continues through 2035, renewable electricity will meet 100% of US electricity demand. United.
- In May, California’s renewable energy sources briefly generated 101% of the state’s energy demand
- Correlate Infrastructure Partners provides access to smart efficiency measures, electric vehicle (“EV”) infrastructure and local solar and energy storage
- Through its all-in-one platform, the company designs, designs, finances, constructs and monitors renewable energy (solar) projects for its clients, enabling them to meet ESG mandates as well as save on electricity costs and capital expenditure (“CapEx”)
A report by a joint team from Frontier Group and Environment America Research and Policy Center, released last year, said the proportion of electricity generated by the United States from wind and solar power has multiplied. by about four between 2011 and 2020. During this decade, wind, solar and geothermal energy production has increased by an average of 15% per year. And if this growth rate continues, renewables are expected to meet the country’s electricity demand by 2035 (https://ibn.fm/dD8Xr).
The state of California, however, doesn’t have to wait until 2035 as it broke that record earlier in May, albeit briefly. For 15 minutes, the state’s renewable energy production peaked at 101% of current energy demand, mostly solar, beating a previous high of 96.4%. And while that doesn’t imply that California was powered 100% by renewable energy sources alone – as nuclear, natural gas, and other non-renewable sources also provided power to the grid – the new record marked a milestone. Against this backdrop, observers now note that stakeholders must work to ensure the state runs on 100% clean energy for even longer – a day, a week, or an entire year (https://ibn.fm/7xa4I ).
The need for states and countries to run on 100% clean energy has never been more urgent, especially in the wake of the Paris Agreement and, more recently, the COP26 summit, which amplified calls for mitigate climate change. At the same time, companies are increasingly supporting environmental, social and governance (“ESG”) initiatives to meet investor expectations. Combined, these factors have increased demand for clean energy sources, with Deloitte’s 2022 Renewable Energy Industry Outlook report noting that renewable energy growth will accelerate this calendar year (https://ibn.fm/XKH5o).
Correlate Infrastructure Partners (OTCQB: CIPI), a portfolio-wide development and financing platform enabling commercial and industrial facilities to access clean electrification solutions focused on smart efficiency measures, electric vehicle (“EV”) infrastructure and local solar and energy storage facilities, is uniquely positioned to help countries, states and businesses achieve their renewable energy goals, starting with its home, United States.
By conceiving, financing, engineering, constructing, and servicing renewable energy projects, CIPI effectively removes barriers to U.S. companies’ ESG and net operating income (“NOI”) goals. The company’s all-in-one platform integrates energy experts who develop customized operating strategies that meet customer needs; a software application that monitors, measures and optimizes many building performance metrics; management of suppliers; and funding, to name a few.
“Correlate identifies cash flow positive energy solutions, designs and manages upgrades, and monitors performance over the long term,” the company’s website states. Even more impressively, CIPI achieves this without requiring its customers to pay an upfront fee.
So far, Correlate has deployed this approach in the development of various solar energy projects in the United States. In April, for example, CIPI secured a contract worth more than $2 million for a major New Jersey rooftop solar project (https://ibn.fm/8xu90).
“Corporate America is stepping up measurable actions to address investor-focused ESG mandates. And why wouldn’t they? It is extremely profitable for them. In New Jersey, our customers will typically save at least 20% on day one while converting 70% of facility electricity usage to carbon-free solar,” said Correlate President and CEO, Todd Michaels of the New Jersey Project. “With Correlate, customers don’t invest any capital and simply get clean, cheaper energy at a fixed price. That’s an infinite return.
Additionally, in May, CIPI announced that it had been contracted to install a large-scale solar project on the roof of Continental Envelope’s headquarters (https://ibn.fm/hNKsS).
Through projects like these, Correlate Infrastructure Partners not only helps grow renewable energy, but also installs infrastructure that will enable states and the country to generate renewable electricity that meets 100% of their request.
For more information, visit the company’s website at www.CorrelateInfra.com.
NOTICE TO INVESTORS: The latest CIPI news and updates can be found in the company newsroom at https://ibn.fm/CIPI
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