- Commercial clean energy solutions provider Correlate Infrastructure Partners recently released its annual financial report, showing profits rising into positive territory on the back of key acquisitions last year
- Correlate’s development and finance platform services are designed to help buildings reduce their carbon footprint through greater efficiency and access to locally sited solar, energy storage and EV infrastructure
- In a new podcast interview, the company’s CEO said Correlate anticipates acquisitions this summer that will expand its footprint from Hawaii to Boston
- The company expects revenue growth this year in tandem with the expansion and with securing repeat business
Concerns about climate change and its anticipated disruption of normal lifestyles around the globe during the coming decades is driving governments as well as business innovators to seek solutions before the impact of climate change becomes overwhelming (https://ibn.fm/Hxmg5).
Correlate Infrastructure Partners (OTCQB: CIPI) is dedicated to delivering low carbon utility solutions and energy use optimization through their tech-enabled service platform. CIPI is rapidly building on key acquisitions to establish itself as a leading national provider of solutions for the commercial real estate industry.
“Our leadership team made great strides to execute our market development strategy in 2021. We focused on integrating key technologies while building a scalable client backlog of 2022 projects, which included completing the acquisitions of Correlate and Solar Site Design as wholly owned subsidiaries,” company President and CEO Todd Michaels stated in a recent news release announcing Correlate’s year-end financial report (https://ibn.fm/Qc64o).
“We assembled a rare, nationally recognized management team to execute this backlog while aggressively scaling our technology and fulfillment capacities to match our growth rate and market opportunity,” Michaels added.
The financial statement shows that Correlate raised its profits out of negative territory during the year and significantly decreased its operating expenses.
“In 2022, we anticipate revenues to increase with the expansion of operations, sales channels and repeat business from our 2021 portfolio of national accounts,” Michaels stated. “The post-pandemic U.S. commercial and industrial market has approximately 6.8 million facilities applicable for our solution to increase building owner net income. With only about 3% of those facilities currently being addressed, demand is very high. We couldn’t be more confident and excited about our position for tremendous growth.”
Michaels repeated his assessment of the company’s opportunity in an interview with Stuart Smith of IBN (InvestorBrandNetwork)’s latest Bell2Bell Podcast episode.
“We’re looking at completing somewhere around $40 million-plus of projects just in the United States,” Michaels said (https://ibn.fm/yKXja). “Obviously, gaining the talent and the technologies of those acquisitions (last year) are huge and so now we’re able to bring those together into a new unified business model that really focuses on … getting hundreds of millions of dollars of project finance dollars to these projects across the country. So we’ve got a very aggressive six-month go-to-market plan.”
Michaels also said Correlate has two or three more acquisitions that are anticipated, two of which “likely will complete by the end of summer if not slightly earlier.” Completing those acquisitions will expand the company’s footprint from Hawaii to Boston in terms of both physical operations and from a capability’s perspective, he said.
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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