- Correlate Infrastructure Partners is a portfolio-scale development platform that provides energy optimization and clean energy solutions for North America
- CIPI recently entered into a letter of intent (“LoI”) to acquire a leading solar, battery storage, and roofing provider
- Correlate believes the acquisition will create an unmatched platform for community-scale distributed generation, storage, and virtual power plant aggregation
- Aggregated distributed renewable energy offers a sustainable way to decarbonize electricity production, lower costs, and increase the flexibility, resilience, and reliability of the electricity supply
The extreme heat currently devastating large parts of the United States and Europe, attributed to human-induced climate change, has prompted the White House to announce a series of executive actions on climate to address extreme heat, accelerate clean energy, create jobs, and lower cooling costs (https://ibn.fm/X5yMh). The announcement is the latest in a series of government climate-focused releases published. Last spring, the Administration announced a new target for the U.S. to achieve a 50-52% reduction in greenhouse gas pollution from 2005 levels by 2030 (https://ibn.fm/mUYwm). Hitting this target will require a radical shift in how entire sectors, including the energy sector, operate.
Data from the U.S. Energy Information Administration (“EIA”) show that the country’s electric power sector generated 1.551 billion metric tons of carbon dioxide (“CO2”) in 2021, much of it from fossil fuels such as coal (59%), natural gas (40%), and petroleum (1%) (https://ibn.fm/ILCuM). The figure, which accounts for…
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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