- Distributed energy solutions developer Correlate Energy Corp. helps clients find an affordable way to step up their energy use infrastructure through retrofit upgrades, taking advantage of a variety of financial incentives
- Decentralized energy generation has been trending as groups throughout the country search for ways to reduce carbon emissions and secure their power supply amid utility outages
- Correlate’s success is evident in its growing list of project fulfillments and growing revenue targets — $45 million to $60 million with 25 percent gross margins this year
- The company is working to uplist to the New York Stock Exchange, using a $7 million IPO to help launch its effort
A combination of unprecedented levels of government incentives and growing private sector investment funding are pushing a noteworthy shift in energy trends as decentralized electrical energy generation gains an increasing following, according to an MSE Investments report praising the visionary qualities of Correlate Energy (OTCQB: CIPI).
The distributed energy solutions company recently announced its coming role in co-developing the nation’s first microgrid utility based on four interconnected microgrids costing about $400 million and serving commercial, industrial, and eventually government and community loads (https://ibn.fm/E8fUU).
Decentralized energy generation — that is, the establishment of self-sufficient energy systems that are capable of working independently of the larger central power grid in delivering energy to small, specific geographic locations such as university campuses, business complexes or certain residential neighborhoods — is growing not only because of the financial incentives from public and private sectors, but also because of growing interest in environmentally friendly “renewable” energy sources, the incapacity of central grids in certain areas to build the infrastructure necessary to serve all of the area’s residents, and frustrations with some central grids’ power outage problems, according to the MSE Investments report.
“Fortunes can be made when energy trends radically shift. And today we stand at the beginning stages of a burgeoning, unstoppable trend in America towards decentralized electrical energy generation. This trend is exponentially increasing current by the kilowatt hour with no foreseeable diminishment,” the report states (https://ibn.fm/wAPUy).
Correlate Energy Corp. projects its revenues this year will be in the range of $45 million to $60 million with 25 percent gross margins, an improvement over last year’s revenue targets. The company is further preparing for revenue growth by working to uplist from the OTCQB exchange to the New York Stock Exchange.
The company plans to raise $7 million through a planned initial public offering (“IPO”) to help fund the move to the NYSE (https://ibn.fm/eaS8L).
“2023 was all about executing what we started the year prior. … This is all about maturing the backlog of projects we have, and we’re now starting to see those revenues occur,” Correlate President and CEO Todd Michaels said during a Proactive Investors interview at the end of the year (https://ibn.fm/qpRtI). “It’s been all about executing on what we had in (2022) and setting ourselves up for doubling again, tripling again in the coming year. … The fact that we have this constant conveyor belt of maturity of opportunities really allows us to smartly invest in different parts of the business from origination and sales to construction and oversight.”
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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