BOISE, Idaho, May 12, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Correlate Infrastructure Partners Inc. (OTCQB: CIPI) (“Correlate” or the “Company”) today announces the unveiling of a new platform product , Correlate Portfolio Health, which provides commercial building owners with unparalleled visibility and flexibility in energy optimization and sourcing across building portfolios. Correlate Portfolio Health is part of the company’s comprehensive suite of portfolio-wide development and financing platforms, providing commercial and industrial facilities with access to clean electrification solutions focused on local solar energy , energy storage, electric vehicle infrastructure and smart efficiency measures. Its unique data-driven approach is powered by proprietary analytics, management services, and a highly scalable national delivery network to help building owners take advantage of fully funded, turnkey facility health and decarbonization programs. .
“Correlate Infrastructure Partners makes energy management and procurement transparent and cost-effective by digitizing the process that has been archaic for too long. We are excited to be at the forefront of an industry that is at an inflection point, and we look forward to beginning work to change the way commercial property owners optimize energy assets,” said said Todd Michaels, CEO of Correlate. “Whether you are a commercial enterprise just beginning your ESG journey or a real estate asset owner looking to transition to digital procurement solutions, we are here to bring you into the modern energy age. Correlate provides the platform that facilitates energy optimization in the future. »
A recent report from the US Energy Information Administration states that federal, state and local businesses and governments own, operate and use 93 billion square feet of real estate in the United States and account for 18% of energy consumption. primary energy in the United States – more than anything. of Canada’s energy consumption — and $190 billion in energy expenditure each year. Commercial buildings consume 13.6 quads of electricity (35% of the electricity consumed in the United States) and generate 826 million metric tons of carbon dioxide emissions (16% of all carbon dioxide emissions in the United States). United States). Optimizing energy use in commercial buildings has a huge positive impact on our environment and energy security and saves money that can be used to help grow American businesses. In addition, energy optimization in commercial buildings creates good, skilled and necessary jobs in construction and technology. Correlate Portfolio Health helps drive this innovation in improving facilities with precision and ease and facilitates net operating income for large-scale energy assets in building portfolios. Building owners who switch to Correlate Portfolio Health will typically earn new revenue of $0.20 to $1 or more per square foot in a year through the platform’s recommendations and bidding process. Correlate’s innovative energy solutions. Correlate Portfolio Health drives competition, time savings and financial transparency.
How much does Correlate Portfolio Health cost?
Building owners are opting for the service at no upfront cost in some US utility markets. The service will renew automatically unless cancelled. Over time, similar to platforms like Airbnb or Uber, service fees are added per energy improvement transaction made through the Correlate Portfolio Health platform, if the customer goes ahead with advantageous contracts secured for the installation.
What will Correlate Portfolio Health bring?
- Facility- and portfolio-level energy, cost, and carbon savings recommendation reports for accurate business cases, including 100% project funding for each recommendation.
- “Apples to apples” bidding process by solution (HVAC, lighting, controls, solar, roofing, convenience, etc.) as needed.
- Personalized financing analysis, including all local, state and federal rebates or subsidies.
- On request, live energy analysts and program managers provide independent consultation, execution assistance and ongoing management reporting.
- Quarterly portfolio management reviews.
- Where appropriate, measurement and verification of savings made on completed projects.
- Invoice auditing with a robust online reporting suite.
What makes Correlate Portfolio Health unique and different?
Our award-winning platform, developed with the US Department of Energy, accurately quantifies the costs and benefits of over 35 facility upgrades, including solar and storage technologies. Combined with the project funding available, this enables the majority of facilities that lack the technical and financial resources to manage energy and improvement projects to do so proactively. This provides true leverage and execution support for today’s overworked facilities, energy and sustainability teams.
Correlate Portfolio Health simplifies complex energy assessment, deferred maintenance procurement and financing (HVAC, roofing) with new energy efficiency options, on-site generation (like solar + storage) and basic energy contracts using advanced modeling. Recommendations are solution-, vendor-, and funding-path agnostic, tailored to the customer’s metrics and goals defined during activation.
What do we need to start and succeed together?
- Membership Program: Correlate Portfolio Health needs access to energy consumption and billing cost data via secure online access, letter of authorization or equivalent to produce accurate financial recommendations, reports and evaluations . Existing Energy Star Portfolio Manager credentials with installation and invoice details are also a quick option.
- Engage and define success: Join a 30-minute online onboarding meeting or call to customize your service. Immediate needs and longer term goals, related to cost, energy and carbon savings over a period of time, are identified here, including financial decision metrics that guide workflow decisions, calls offers, screening (cash flow, IRR, ROI, etc.) and ongoing reporting to management.
About Correlate Infrastructure Partners Inc.
Correlate Infrastructure Partners Inc. (OTCQB: CIPI) provides a full suite of clean energy solutions for the commercial real estate industry.
Correlate is a portfolio-scale development and financing platform providing commercial and industrial facilities with access to clean electrification solutions focused on local solar power, energy storage, infrastructure electric vehicles and smart efficiency measures. Its unique data-driven approach is powered by proprietary analytics, management services, and a highly scalable national delivery network to help building owners take advantage of fully funded, turnkey facility health and decarbonization programs. .
Correlate’s website can be found at https://www.correlateinfra.com/.
This press release may contain “forward-looking statements” regarding Correlate Infrastructure Partners Inc., its subsidiaries, business and project plans. These forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Correlate Infrastructure Partners, Inc. expresses or implies an expectation or belief regarding future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Correlate Infrastructure Partners, Inc. assumes no obligation to update forward-looking statements except as required by applicable law.
Correlate Infrastructure Partners Inc.
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