- Fossil fuels still account for about 80% of primary energy worldwide. They are responsible, on a per capita basis, for 63,130kWh of energy in the United States, with renewables only accounting for 8,266 kWh
- The United States, prior to the recent ban, had 8% of its total petroleum imports (including crude oil) coming from Russia, a reliance that has now resulted in significant increases in gasoline and diesel prices
- Correlate, through its distributed clean energy solutions, is addressing these issues, helping to bring society closer to significantly less dependence on the national grid and more on green energy sources
- The company is capitalizing on the momentum of growing wind, solar, and even geothermal power production, to grow its market share, strengthen its brand equity, and diversify its product offering
- By providing energy programs for commercial property portfolios that require no upfront capital on the part of the customer, Correlate continues to build its appeal to potential clients, laying down a template that can be easily replicated and implemented in various sectors
Energy security and affordability have become increasingly critical factors for nations around the world. The Russia-Ukraine issue has pointed out how overreliance on specific energy supplies can be detrimental to national economies, and how bad the situation could get if geopolitical and other problems were to accelerate.
Fossil fuels still account for about 80% of primary energy worldwide. The main source is oil, followed by coal, and it is further projected that this will continue to be the case for a long time. The United States, for instance, uses 63,130kWh of energy, per capita, from fossil fuels, with renewables only accounting for 8,266 kWh. Similar disparities are found in other countries, including, but not limited to, Canada, China, Japan, Australia, and the UK (https://ibn.fm/XxMAZ).
This overreliance on fossil fuels presents international supply chain risks and challenges, affected by unexpected changes in linkages between energy markets. The U.S., prior to the recently imposed ban, had 8% of its total petroleum imports (including crude oil) coming from Russia. With the ongoing issue in Ukraine, this reliance and associated ban has caused issues with supply, ultimately resulting in a significant jump in gasoline and diesel prices (https://ibn.fm/cjiVv). Many other countries, of course, face the challenge of considerably more dependence.
Correlate Infrastructure Partners (OTCQB: CIPI), a company offering a complete suite of proprietary clean energy assessment solutions for the commercial real estate industry, is committed to bringing society closer to less dependence on the national grid and, by extension, fossil fuels, to focus demand more on green energy sources. With its distributed clean energy solutions, the company believes that it can help mitigate the effects of climate change while at the same time ensuring that businesses, both big and small, have access to clean and reliable energy.
A report published by Frontier Group and Environment America Research and Policy Center, noted that between 2011 and 2020, the proportion of electricity generated from wind and solar in the U.S. increased by about four times. More specifically, the study noted that wind, solar, and geothermal power production grew yearly by 15%, which by 2035 could meet the country’s electricity demand (https://ibn.fm/JgD9Y).
Correlate looks to make the most out of growing consumer realization of the overreliance on fossil fuels, to build its customer numbers given its unique product offering, and to thus grow its market share, strengthen its brand equity, diversify its product offerings, and create value for its shareholders. So far, Correlate and its subsidiary, Solar Site Design, have an opportunity pipeline of over $100 million in commercial products, with over $20 million in awarded backlog. With more corporations realizing the benefits associated with alternative energy sources, specifically solar power, Correlate is confident that its opportunity pipeline will continue to grow, as will its customer base.
By providing energy programs for commercial property portfolios requiring no upfront capital, Correlate is appealing to more potential clients while continually reducing the barrier of entry, encouraging a much-needed energy transition. The company understands its clients’ hurdles and seeks to address them to reduce demand dependence on fossil fuels and to increase the uptake of greener, more sustainable energy alternatives.
For company 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
- 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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