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Correlate Infrastructure Partners Inc. (OTCQB: CIPI) has initiated engineering and permitting for a solar installation at Continental Envelope’s facility in Geneva, Illinois. This rooftop solar project, expected to commence construction this summer, will satisfy approximately 20%-25% of the facility's energy needs and is projected to reduce carbon emissions by 18,849 tons over the next 20 years. By utilizing low-cost, fixed-priced energy, the project aims to enhance sustainability while supporting the profitability of Continental Envelope.
Correlate Infrastructure Partners (OTCQB: CIPI) announced a $2M+ contract for a rooftop solar project in New Jersey, with construction expected to begin soon and commercial operation set for Q4 2022.
Clients are projected to save 20% on energy costs while converting 70% of their electricity usage to carbon-free solar energy, requiring zero upfront capital. This project is expected to offset 19,185 tons of CO2 over 20 years, equating to the impact of 287,000 trees planted.
Correlate Infrastructure Partners (OTCQB: CIPI) has released its audited financial report for the year ending December 31, 2021. 2021 revenues were $98,446, significantly down from $170,719 in 2020, primarily due to extensive R&D. However, gross profit increased to $9,695, a turnaround from a loss of $65,259 in 2020. Operating expenses decreased to $84,944 from $119,129, and the operating loss narrowed to $75,249 from $184,338. The company completed two acquisitions and initiated a rebranding to enhance growth prospects.
Correlate Infrastructure Partners has selected IBN for corporate communications to enhance its outreach. The company, which specializes in tech-enabled energy optimization and clean energy solutions, aims to capitalize on the vast market of over 5.9 million commercial buildings in the U.S. by addressing energy consumption and efficiency challenges. IBN's extensive network will help Correlate connect with investors and the public, leveraging growing demand for cashflow-positive energy solutions amid carbon reduction mandates.
BOISE, Idaho, April 11, 2022 (GLOBE NEWSWIRE) -- Correlate Infrastructure Partners, Inc. (OTCQB: CIPI) announces its name change from Triccar, Inc. along with a new ticker symbol 'CIPI'. The change reflects the company’s focus on Net Zero solutions and its operational model. The rebranding follows shareholder approval and aims to enhance investor relations. CEO Todd Michaels emphasized the growth potential, noting only 3% of U.S. buildings are optimized for sustainability. Correlate remains in acquisition mode, indicating future growth strategies.