- Correlate Infrastructure Partners is a company that develops and finances renewable energy projects for the commercial real estate industry
- Its services address heating, cooling, and lighting solutions with clean onsite generation that allows CIPI and its clients to reach for Net Zero goals while supporting new electric vehicle infrastructure growth
- The improvement of charging stations is linked to greater adoption of EVs and, with it, the capacity of electricity generated from renewable sources will have to increase to meet the demand
- CIPI is playing a preparatory role by increasing renewable generation capacity at its clients’ facilities and installing EV charging infrastructure
Countries, businesses, and people are racing against time to reduce their carbon footprint and emissions in line with the Paris Agreement. With the transportation sector, which is predominantly reliant on fossil fuels, accounting for roughly 27% of total U.S. greenhouse gas (“GHG”) emissions (https://ibn.fm/f2kOZ) and about 25% of global GHG emissions (https://ibn.fm/9bW3e), electrification of transport has emerged as a central pillar if the Agreement’s goals are to be realized. As a result, EV sales are surging.
According to BloombergNEF’s Electric Vehicle Outlook 2022 report, this surge is influenced by new compelling models from manufacturers, more charging stations, better battery technology, and policy support. And already, this wide adoption of EVs is displacing about 1.5 million barrels per day of oil usage, or about 3% of the total road fuel demand (https://ibn.fm/jjADa). By 2040, EVs are projected to displace about 17.6 million barrels per day (https://ibn.fm/Fpdq0).
However, the dearth of charging points is cited as the single largest constraint to even greater EV adoption. And as a recent McKinsey report that focuses on America’s EV space notes, improving the country’s network of charging points could make EVs more appealing to more people, thereby increasing their uptake (https://ibn.fm/CZNaq).
For this to happen, the scenario-based modeling used in the article’s research shows, about 30 million chargers would be needed to provide 230 billion kWh by 2030, an increase from 11 billion kWh currently. A majority of these chargers would be installed at residences, although 1.2 million of them would need to be public chargers. The article emphasizes the need for equity in the geographical distribution of charging points and the build-out of charging stations where people need them, such as in retail stores and on-the-go locations.
Correlate Infrastructure Partners (OTCQB: CIPI), a development and finance platform focused on providing commercial and industrial facilities access to locally-sited solar, energy storage, EV infrastructure, and intelligent efficiency measures, understands this. CIPI has modeled its business around facilitating the deployment of sustainability-focused technology and critical infrastructure upgrades, helping property owners meet their ESG (Environmental, Social, and Governance) goals and sustainability needs, as well as optimize their buildings’ energy footprint.
“When a client opts in to our program services, [they] gain access to a multitude of products, services, and installation capacity via a lean software-driven process. Facility surveys, analytics, engineering, finance, project management, and fulfillment services are all provided from one source for all major energy improvements. We address heating, cooling, and lighting solutions, with clean onsite generation that allows us to reach for Net Zero goals while supporting new electric vehicle infrastructure growth,” Correlate’s recently published annual report reads (https://ibn.fm/3z5qt).
Generally, the EV space is pushing customers to leverage renewable energy such as solar. And with pundits noting that electricity production will have to scale up, power grids reinforced, and renewable-generation capacity increased over the coming years to quench the demands from millions of EVs, Correlate Infrastructure is playing a preparatory role undergirded by the vision to put clean energy in every business, every home, and every EV.
The company is increasing buildings’ renewable-generation capacity by financing, designing, engineering, and constructing solar energy projects at clients’ commercial facilities while making buildings EV-ready by integrating charging points.
For more information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking down barriers to your ESG goals while generating additional net operating income: www.CorrelateInfra.com/our-process
- The company’s platform generates new rent and operating income, allowing you to meet your ESG goals: www.CorrelateInfra.com/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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