- President Biden’s executive order dated December 8, 2021, focused on five key pillars for emissions eliminations, among them the net-zero building portfolio by 2045
- This directive has given the rise in value to the portfolio energy optimization industry, which currently stands at $290 billion, with projections that the sector will continue to grow
- Correlate seeks to capitalize on this growth through its two principal subsidiaries, offering a comprehensive suite of proprietary clean energy assessment and fulfillment solutions
On December 8, 2021, the President released an executive order to see the federal government produce net-zero carbon emissions by 2050. The order involved five primary pillars for emissions elimination: carbon pollution-free electricity, zero-emission vehicles, net-zero emissions from federal procurement, net-zero emissions building portfolio, and net-zero emissions from overall federal operations (https://ibn.fm/GRmpZ).
One of the directive’s main goals was to have government buildings portfolio reduce their carbon emissions by 50% by 2032, 65% by 2030, and be carbon-free by 2045.
“Extreme weather events, exacerbated by climate change, cost our nation $99 billion in economic damages last year- a record we are poised to break this year,” noted President Biden.
“The time is now to take bold action to make our entire nation more resilient and sustainable,” he added.
This directive has given the rise in the value of the portfolio energy optimization industry, which is currently valued at $290 billion in the United States alone. So far, over 5.9 million commercial buildings in the country need retrofitting to get their emissions down, presenting a tremendous opportunity for organizations in this space.
One enterprise that is at the forefront of this sector is Correlate Infrastructure Partners (OTCQB: CIPI), formerly TRICCAR Inc. Through its two principal subsidiaries, Correlate and Solar Site Design, Correlate offers a complete suite of proprietary clean energy assessment and fulfillment solutions, particularly for the commercial real estate industry.
Today, commercial buildings consume over 45% of generated electricity in the United States, posting gross underperformance in energy efficiency at every level. Consequently, there is a growing need to explore alternatives, improve efficiency, and reduce overreliance on non-renewable sources of energy (https://ibn.fm/HOkKo).
So far, Correlate and Solar Site Design have accrued over $100 million in commercial projects, with over $20 million in awarded backlog. The company’s management understands the opportunity in the market today and is positioning itself to capitalize on it and achieve growth in value for its shareholders.
Through its data in proprietary analytics, concierge subscription services, and a highly scalable national fulfillment network, Correlate is not only offering opportunity to shareholders but also to clients. It is assisting building owners in profiting from fully-funded, turnkey decarbonization and facility health programs without incurring high upfront costs.
For more information, visit the company’s website at www.CorrelateInfra.com.
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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