- Correlate Energy, a publicly traded distributed energy solutions company, is taking advantage of the ongoing global shift to renewable energy
- This shift is in response to the reality of climate change and the risks that come with it
- Brick-and-mortar corporations such as Marriott have adopted ways to increase overall energy efficiency, manage potential impacts, mitigate losses, and improve the resiliency of their physical establishments
- As more companies do this, Correlate anticipates an uptick in the demand for its products and services and is confident that 2024 will be its biggest year yet
As more people come to terms with the reality of climate change and the risks that come with it, there has been a massive shift to renewables across various social and economic sectors, at an increasing rate. This has presented new opportunities for companies such as Correlate Energy (OTCQB: CIPI), a publicly traded company capitalizing on America’s unstoppable trend toward decentralized and renewable energy generation. Correlate is taking advantage of this shift, ultimately stamping its position as an industry leader.
Over $1.7 trillion worldwide was estimated to be invested in technologies such as wind, solar power, electric vehicles, and batteries in 2023, by far the most ever spent on clean energy in a single year (https://ibn.fm/GCIGC). In addition, the new attention to climate risks, as well as the associated transition to green energy, has been diverse, moving beyond power generation and heavy industry.
Marriott International, an American multinational company operating hotels and other properties, is taking significant moves to address climate risk and energy use. In 2019, the company launched its Marriott Infrastructure Resilience and Adaptation (“MIRA”) program, intending to evaluate climate-related risks across its global portfolio of nearly 8,600 properties spanning 139 countries and territories. Through this program, the company was able to identify current and future climate risks to its portfolio, allowing it to implement a four-step strategy aimed at progressively improving its overall resiliency to these risks. The goal would be to manage potential impacts, mitigate losses, and improve resiliency, thereby protecting assets integral to shareholder value (https://ibn.fm/nrUBY).
This move preceded a recent United States Postal Service (“USPS”) announcement of a $40 billion investment strategy to upgrade and improve its processing, transportation, and delivery networks to reduce costs. It also followed other companies such as FedEx, DHL, and UPS, who have also begun the shift to renewable energy, which only goes to show how fast the transition is.
“We look at energy data on a daily basis, and it’s astonishing what’s happening,” noted Fatih Birol, the executive director of the International Energy Agency. “Clean energy is moving faster than many people think, and it’s become turbocharged lately,” he added.
Correlate understands this growing shift and has positioned itself as the go-to company for decentralized energy generation. Having offered its products and services to corporations such as Continental Envelope and American Tire Distributors (“ATD”), the company has proven itself repeatedly, affirming the superiority of its products and services. As more companies recognize the challenges associated with climate change and appreciate the value of renewable energy sources, Correlate anticipates an uptick in the demand for its products and services. As such, it is confident that 2024 will be its biggest year yet.
For more information, visit the company’s website at www.Correlate.Energy, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.Correlate.Energy/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.Correlate.Energy/program
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
