- Correlate Energy, a publicly traded distributed energy solutions company, is taking advantage of the expanding renewable energy landscape and is helping drive its adoption
- Correlate has positioned itself as the go-to renewable energy solution, leveraging its three-pronged strategy that allows companies to make the move to highly efficient energy use and renewables, while minimizing transition costs
- This comes as Amazon was recently ranked the largest corporate buyer of renewable energy in the world in 2023, spear-heading the movement toward renewable energy adoption and reliance
Correlate Energy (OTCQB: CIPI), a publicly traded company capitalizing on America’s accelerating move toward cost effective renewable energy use, is looking to take advantage of the changing landscape and the growing reliance on renewable energy. As a company that understands this industry inside and out, Correlate is not only riding this wave but also helping drive it by identifying high-impact areas for improvement, addressing them, and delivering results. This has seen the company’s products and services adopted by various legacy companies across the U.S., a testament to its overall value proposition.
Globally, the world is witnessing a shift and a growing adoption of renewable energy. This has been spear-headed by industry leaders, with Amazon ahead of them all. Given its declaration to reach net zero by 2040, the company has aggressively pushed to adopt renewable energy sources. This resolve saw it become the world’s largest corporate buyer of renewable energy for the 2023 calendar year. It also saw the company invest in over 100 new solar and wind energy projects, bringing the total number of wind and solar projects backing it to 500 globally and generating over 77,000 GWh of clean energy each year (https://ibn.fm/mepat).
“More than 90% of our operations were powered by renewables last year, but we’re not done,” noted Adam Selipsky, AWS CEO.
“We’re focused on continuing to find innovative ways to bring new projects online, address grid constraints, and work with policymakers to mitigate the impacts of climate change, all of which is helping Amazon move closer to achieving 100 percent renewable energy by 2025,” he added.
Correlate has positioned itself as the go-to renewable energy solution. Through its unique three-pronged engineering and financing strategy, companies can make the move to highly efficient energy use and renewables, while minimizing transition costs. Correlate seeks to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers. It also seeks to retain ownership of some of these energy systems, ultimately extending upfront cost savings to the customer while realizing ongoing, reliable cash flow.
It is projected that renewable energy growth will come primarily via decentralized systems in the next ten years, fitting in with what Correlate offers. With the company’s first-mover advantage, Correlate is carving out a significant market share and asserting itself as the go-to company with these specific products and services. This, in addition to its aggressive push in the market, reflects its commitment to becoming one of the industry’s key leaders. It also reflects its ambitious plans for 2024 and beyond and its commitment to achieving them.
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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