ConnectM Publishes 2024 Impact Scorecard
ConnectM Technology Solutions (NASDAQ:CNTM) has released its 2024 Impact Scorecard, showcasing remarkable growth in electrification metrics compared to 2023. The company reported:
- 95.5 GWh of Electrification, up 331% year-over-year, powering equivalent to 35,000 homes daily
- 73,506 Metric Tons of CO2 Displaced, increasing 391%, equivalent to CO2 absorption by 3.4 million trees annually
- 6.7 Million Gallons of Fossil Fuel Displaced, rising 343%, comparable to driving around the world 7,000 times
The company aggregates data through its Energy Intelligence Network and AI technology to determine these quarterly impact metrics, demonstrating its commitment to advancing the electrification economy through AI-driven insights and data intelligence.
ConnectM Technology Solutions (NASDAQ:CNTM) ha pubblicato il proprio Impact Scorecard 2024, evidenziando una crescita straordinaria nei parametri di elettrificazione rispetto al 2023. L'azienda ha riportato:
- 95,5 GWh di Elettrificazione, in aumento del 331% rispetto all'anno precedente, fornendo energia equivalente a 35.000 abitazioni quotidianamente.
- 73.506 Tonellate Metriche di CO2 Sostenuta, incremento del 391%, equivalente all'assorbimento di CO2 da parte di 3,4 milioni di alberi annualmente.
- 6,7 Milioni di Galloni di Combustibili Fossili Sostituiti, in crescita del 343%, paragonabile a un viaggio intorno al mondo per 7.000 volte.
L'azienda aggrega dati tramite la sua Rete di Intelligenza Energetica e la tecnologia AI per determinare questi parametri d'impatto trimestrali, dimostrando il proprio impegno nel promuovere l'economia dell'elettrificazione attraverso intuizioni e intelligenza dei dati guidate dall'AI.
ConnectM Technology Solutions (NASDAQ:CNTM) ha lanzado su Impact Scorecard 2024, mostrando un crecimiento notable en los métricas de electrificación en comparación con 2023. La empresa reportó:
- 95.5 GWh de Electrificación, un aumento del 331% interanual, proporcionando energía equivalente a 35,000 hogares diariamente.
- 73,506 Toneladas Métricas de CO2 Desplazadas, incremento del 391%, equivalente a la absorción de CO2 por 3.4 millones de árboles anualmente.
- 6.7 Millones de Galones de Combustible fósil Desplazados, un aumento del 343%, comparable a dar la vuelta al mundo 7,000 veces.
La empresa agrega datos a través de su Red de Inteligencia Energética y tecnología de IA para determinar estas métricas trimestrales de impacto, demostrando su compromiso con el avance de la economía de electrificación a través de conocimientos e inteligencia de datos impulsados por IA.
ConnectM Technology Solutions (NASDAQ:CNTM)가 2024년 임팩트 스코어카드를 발표하며 2023년 대비 전기화 지표에서 놀라운 성장을 보여주었습니다. 회사는 다음과 같은 내용을 보고했습니다:
- 95.5 GWh의 전기화, 전년 대비 331% 증가, 매일 35,000 가구에 공급되는 전력.
- 73,506 메트릭 톤의 CO2 대체, 391% 증가, 연간 340만 그루의 나무가 흡수하는 CO2와 동등함.
- 6.7백만 갤런의 화석 연료 대체, 343% 증가, 세계 일주를 7,000회 하는 것과 견줄 수 있음.
회사는 에너지 정보 네트워크와 AI 기술을 통해 이러한 분기별 임팩트 지표를 결정하여 AI 기반 통찰력과 데이터 지능을 통한 전기화 경제의 발전에 대한 의지를 보여줍니다.
ConnectM Technology Solutions (NASDAQ:CNTM) a publié son Impact Scorecard 2024, mettant en avant une croissance remarquable des indicateurs d'électrification par rapport à 2023. L'entreprise a rapporté :
- 95,5 GWh d'Électrification, en hausse de 331 % par rapport à l'année précédente, équivalente à l'énergie fournie à 35 000 foyers par jour.
- 73 506 Tonnes Métriques de CO2 Écartées, augmentation de 391 %, équivalente à l'absorption de CO2 par 3,4 millions d'arbres chaque année.
- 6,7 Millions de Gallons de Combustible Fossile Écartés, en hausse de 343 %, comparable à un voyage autour du monde 7 000 fois.
L'entreprise agrège des données via son Réseau d'Intelligence Énergétique et sa technologie d'IA pour déterminer ces métriques d'impact trimestrielles, démontrant son engagement à faire progresser l'économie d'électrification grâce à des analyses et à l'intelligence des données pilotées par l'IA.
ConnectM Technology Solutions (NASDAQ:CNTM) hat sein Impact Scorecard 2024 veröffentlicht, das ein bemerkenswertes Wachstum bei den Elektrifizierungskennzahlen im Vergleich zu 2023 zeigt. Das Unternehmen berichtete:
- 95,5 GWh Elektrifizierung, ein Anstieg von 331% im Vergleich zum Vorjahr, was der Energieversorgung von täglich 35.000 Haushalten entspricht.
- 73.506 metrische Tonnen CO2 vermieden, ein Anstieg von 391%, was der CO2-Absorption von 3,4 Millionen Bäumen pro Jahr entspricht.
- 6,7 Millionen Gallonen fossiler Brennstoffe ersetzt, ein Anstieg von 343%, vergleichbar mit einer Weltumrundung von 7.000 Mal.
Das Unternehmen aggregiert Daten über sein Energiemanagement-Netzwerk und KI-Technologie, um diese quartalsweisen Auswirkungen zu bestimmen und demonstriert damit sein Engagement für den Fortschritt der Elektrifizierungswirtschaft durch KI-gesteuerte Erkenntnisse und Datenintelligenz.
- 331% YoY increase in electrification to 95.5 GWh
- 391% YoY growth in CO2 displacement to 73,506 metric tons
- 343% YoY increase in fossil fuel displacement to 6.7M gallons
- None.
Insights
ConnectM's 2024 Impact Scorecard reveals remarkable operational momentum that significantly outpaces the broader cleantech sector, where average growth rates typically range from 20-40% annually. The 331% surge in electrification to 95.5 GWh represents a substantial market penetration that translates to meaningful revenue potential, given the average industry monetization rate of $50-100 per MWh for energy management solutions.
The 391% increase in CO2 displacement positions ConnectM favorably in the rapidly expanding carbon credits market, where prices have been trending upward. At current carbon credit prices ranging from $20-60 per metric ton, this displacement could represent additional revenue streams worth millions annually.
Most notably, their AI-driven Energy Intelligence Network creates a powerful competitive moat. As the system processes more data, its predictive capabilities and optimization algorithms become increasingly sophisticated, creating a virtuous cycle that should drive continued growth and operational efficiencies. This technology-first approach differentiates ConnectM from traditional energy management companies still relying on manual processes.
While these growth rates are impressive, investors should note that maintaining triple-digit growth becomes exponentially challenging as the base numbers increase. The key focus should be on the company's ability to monetize these metrics effectively and convert them into sustainable revenue growth. The electrification market's total addressable market is projected to reach $200B by 2030, suggesting ample room for continued expansion despite inevitable growth rate normalization.
~Ends 2024 With Triple Digit Growth Across All Electrification Metrics~
MARLBOROUGH, Mass., Feb. 10, 2025 (GLOBE NEWSWIRE) -- ConnectM Technology Solutions, Inc. (NASDAQ:CNTM) ("ConnectM" or the "Company"), a technology company focused on the electrification economy, today published its impact scorecard for the fourth quarter of 2024. Following the end of each quarter, ConnectM publishes its quarterly scorecard to provide the Company's key electrification indicators which we use as internal operating performance measures. ConnectM determines its quarterly impact score metrics by aggregating data and behavioral analytics sourced from our Energy Intelligence Network and integrated artificial intelligence technology.
Electrification Impact Scorecard for year-end 2024 (compared to year-end 2023)
- 95.5 GWh of Electrification, an increase of
331% over last year and equivalent to 35,000 homes powered per day¹ - 73,506 Metric Tons of Co2 Displaced, an increase of
391% over last year and equivalent to the amount of CO2 3.4 million trees can absorb in a year² - 6.7 Million Gallons of Fossil Fuel Displaced, an increase of
343% over last year and equivalent to driving around the world roughly 7,000 times³
Bhaskar Panigrahi, Chairman and Chief Executive Officer of ConnectM, commented, "ConnectM’s 2024 impact scorecard reaffirms our unwavering commitment to accelerating the electrification economy. Our triple-digit growth across key metrics reflects the power of AI-driven insights and data intelligence in scaling cleaner, more efficient energy solutions. As we expand our technology’s reach, we remain focused on delivering measurable, sustainable impact for our customers, partners, and stakeholders.”
About ConnectM Technology Solutions, Inc.
ConnectM is a pioneer in the electrification economy, integrating energy assets with its AI-driven technology platform. Focused on delivering solutions that drive efficiency, affordability, and sustainability, ConnectM serves home, facility, and fleet across three major segments: Building Electrification, Distributed Energy, and Transportation and Logistics. The company’s vertically integrated approach combines technology, service/distribution networks, and strategic partnerships to accelerate the transition to an all-electric energy economy.
For more information, please visit: www.connectm.com. Stockholders looking to receive Company updates directly to their inbox should sign up here.
Contact:
Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com
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¹U.S. Energy Information Administration (EIA) - Assuming the average home uses about 30 kilowatt-hours per day.
²US Department of Agriculture
³Assumes 26 miles per gallon
FAQ
What were ConnectM's (CNTM) key electrification metrics for 2024?
How much did ConnectM's (CNTM) electrification output grow in 2024?
What was ConnectM's (CNTM) CO2 displacement achievement in 2024?
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