One Of Illinois's Largest Rooftop Solar Power Facilities Operational Thanks To Correlate Energy
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SHREVEPORT, LA / ACCESSWIRE / February 22, 2024 / Continental Envelope is going green, and it has Correlate Energy Corp. (OTCQB:CIPI) to thank. One of the nation's oldest envelope manufacturers, churning out two billion envelopes per year, tapped Correlate to construct one of Illinois's largest rooftop solar power facilities at its manufacturing plant in Geneva, Illinois. That was in April 2022, and as of last month, it is now fully operational, with the engineering, permitting and interconnection work completed.
Correlate said it will supply approximately
"Our electrical costs increased
Solar Panel Installs Growing
Continental Envelope isn't the only one partnering with Correlate Energy to reduce energy costs and lower emissions. Last November the firm announced a solar energy installation project totaling 3.8 megawatts with EnerSys , the global leader in stored energy solutions, at its global headquarters in Pennsylvania. It is one of the largest behind-the-meter solar installations in the United States, according to Correlate. In May it secured
"Demand for resilient, clean energy is rapidly growing for corporations and real estate owners across the U.S., and the EnerSys project demonstrates the significant value that can be created with the right partners," said Byrne Huddleston, CEO of Green Bridge when the investment was announced. "At Green Bridge, we deliver positive, long-term economic outcomes for real estate owners transitioning to clean energy."
The Sun Seems To Be Shining On Solar
Continental Envelope and EnerSys are just two examples of the shift on the part of manufacturers and other businesses away from emission-causing energy sources and toward greener options. Solar is a popular choice, providing
The cost is also coming down, making it an affordable choice for manufacturers and businesses. At last check installing solar panels cost less than
Correlate Energy is seeing some of that demand firsthand. In addition to Continental Envelope and EnerSys, it counts American Tire Distributors Holdings Inc. and Kyocera Corp. as customers and has a total pipeline of
Solar is in demand as companies move to greener and cheaper alternatives. With the future looking bright, Correlate Energy may have to wear sunglasses.
About Correlate Energy Corp
Correlate Energy, with its focus on commercial, industrial, and residential segments, stands out for its holistic approach to energy solutions. They provide tailored strategies that encompass renewable energy, energy efficiency and utility contract management. The company, with its network of expert partners, executes these strategies, optimizing facility performance and yielding substantial cost savings and profitability. The Harbinger Research report particularly highlights Correlate Energy's commitment to combining organic growth with strategic acquisitions, enhancing its market position.
Contact:
todd@correlateinc.com
cory@pandcventures.ca
SOURCE: Correlate Energy Corp.
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FAQ
What is the name of the company partnering with Continental Envelope for the solar power facility construction?
How much carbon dioxide is the 908-KW solar project estimated to offset over the next 20 years?
What is the projected size of the solar market by 2029?
Which company announced a solar energy installation project totaling 3.8 megawatts with Correlate Energy?