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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.
Correlate Infrastructure Partners (formerly Triccar, Inc.) has received approval from a majority of its stockholders for a name change. The company filed a Form 14C Information Statement with the SEC, expecting the name and symbol change to be finalized around March 17, 2022. CEO Todd Michaels emphasizes that the new name reflects the company’s focus on clean energy solutions. Correlate is pursuing organic growth and acquisitions, aiming to capitalize on the low optimization rate of U.S. infrastructure for efficiency and renewable energy, with an anticipated Annual Report filing on March 30, 2022.
Triccar, Inc. (OTCQB:TCCR) announced the appointment of Channing F. Chen as Chief Financial Officer on January 18, 2022. Chen brings extensive experience from his roles at solar finance firms and has raised over $1.5 billion in financing. He will focus on financial management to drive future growth. Todd Michaels, President and CEO, emphasized the opportunity for enhancing the financial processes as the company aims to retrofit 200,000 commercial buildings annually to meet carbon goals. Triccar aims to lead in providing clean energy solutions.
Triccar, Inc. (OTCQB:TCCR) has completed the acquisition of Correlate, Inc. and Solar Site Design to enhance its presence in the tech-enabled energy optimization market for commercial real estate. This strategic move aims to provide a comprehensive data-driven platform for energy optimization, with a project pipeline exceeding $100 million and a backlog of over $20 million. Triccar's acquisitions are expected to position it within a $290 billion market, addressing financial savings and energy efficiency across the commercial sector.
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