- Todd Michaels, Correlate’s Founder, President, and CEO, appeared on the latest episode of the Bell2Bell Podcast, where he talked about the company’s background, its achievements so far, and what lies ahead
- Mr. Michaels highlighted the opportunity in solar power generation, acknowledging that by 2050, it should account for around 40% of the actual overall capacity of energy generation in North America
- He also cited the Inflation Reduction Act, which adds incentives that are expected to help drive a significant leap forward for Correlate
- He was keen to point out that the company’s future looks bright and even maintained potential revenue growth projections for the subsequent quarters of the 2022 financial year
While appearing on the latest episode Bell2Bell Podcast, Correlate Infrastructure Partners (OTCQB: CIPI) Founder, President, and Chief Executive Officer (“CEO”), Todd Michaels, expressed his optimism about the company’s future, while highlighting its achievements so far, and the opportunities that lay ahead (https://ibn.fm/D5ALR).
Mr. Michaels was keen to share the company’s background, noting some of its critical commercial brands, mainly Solar Site Design and Correlate. He also highlighted the company’s plans to add technologies and companies to its portfolio in a move that looks to further scale the business through technology enablement and automation.
Correlate has carved out a significant market in North America, offering solar energy solutions, energy storage, and even electric vehicle infrastructure. However, it acknowledges that tremendous opportunity lies in solar power generation, particularly given projections that by 2050, it will account for around 40% of the actual overall capacity of energy generation.
“The solutions that we deploy through those programs and subsidiaries in different parts of the country are things like solar, [energy] storage, energy efficiency and electric vehicle infrastructure,” noted Mr. Michaels. “We do that today in residential, commercial and industrial [applications], along with the burgeoning space of community-scale projects,” he added.
On August 15, 2022, the Inflation Reduction Act was signed, in what marks the country’s biggest climate package. The goal of the law is to cut domestic greenhouse emissions while also lowering prescription drug prices. From an emissions standpoint, this presents an opportunity for Correlate, mainly since it is already a key player in the clean energy space (https://ibn.fm/7hMnp).
Mr. Michaels acknowledged the significance of this law, noting that “It has never been a better time for our business”, and indicating “We were on a great trajectory growing organically, but the incentives from the Inflation Reduction Act are going to be a major leap forward for our business,” he added.
So far in 2022, Correlate has made significant moves to grow its brand equity and create value for its shareholders. In June, it applied for uplisting on the Nasdaq, and before that, it executed an agreement to acquire the leading efficiency and commercial solar business in Hawaii. Its projects are only getting bigger, its client pool is growing, and these, according to Mr. Michaels, are all setting the company up for further growth as time progresses.
Throughout the podcast, Mr. Michaels expressed his optimism about the company’s performance while also attributing its current success to the team behind the scenes. More importantly, Mr. Michaels showed the company’s commitment to clean energy solutions and creating value for its shareholders, factors that have shaped its decision-making, and its trajectory so far.
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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