- Correlate Infrastructure Partners has begun construction of a 908-kW rooftop solar project at Continental Envelope headquarters in Geneva, Illinois
- Once completed, it will power approximately 20-25% of the facility’s overall energy needs, and be one of the state’s biggest rooftop solar facilities
- Correlate’s management believes that this project is a demonstration of its commitment to designing and building customer-centric energy solutions for companies across various industries
- It also believes that it is a good example of how sustainable a large-scale industry such as printing can be when applying the best technology
On April 28, 2022, Correlate Infrastructure Partners (OTCQB: CIPI) announced its partnership with Continental Envelope to set up a 908-kW rooftop solar project at its headquarters in Geneva, Illinois. On May 5, the company announced that final engineering, permitting, and interconnection work had begun in what will be one of Illinois’ largest rooftop solar power facilities (https://ibn.fm/TJ5Q1).
“Correlate Infrastructure Partners loves supporting ESG-focused businesses that are making a true difference in their industries and communities,” noted Todd Michaels, Correlate’s Chief Executive Officer (“CEO”).
“This attractive project makes clear that sustainability and profitability are no longer at odds. This is a call to action, Chicagoland!” he added.
Continental Envelope produces over 2 billion envelopes per year, making it one of the leading independent manufacturers of commercial envelopes since the 1930s. Some of its clients include but are not limited to Netflix, Capital One, AT&T, and American Express. The move towards clean energy shows the company’s commitment to making the planet greener and complements its “Pushing the Envelope” Community Gardens surrounding its Illinois property.
This solar project is scheduled for completion by Q3 2022, and once done, it will power approximately 20-25% of the facility’s overall energy needs. It is further estimated that over the next 20 years, this project will help offset around 18,849 tons of carbon dioxide from the atmosphere, an amount equivalent to planting 282,000 trees or 42 million car miles driven.
“This solution for Continental Envelope is a demonstration of Correlate’s commitment to designing and building customer-centric energy solutions that not only deliver profitable sustainability but create great jobs and visibility in the local community,” noted Jason Loyet, the director of Commercial Solar for Correlate.
Correlate’s management is confident that this project proves that this kind of energy forward-thinking applies to manufacturing businesses of all kinds and sizes worldwide. It is also optimistic that, with Continental Envelope’s adoption of this green energy solution, the bar has been set to define sustainable businesses and other health programs designed to achieve net-zero carbon.
“We are grateful to partner with this innovative family business that shows the printing industry can be more efficient and renewable without compromising reliability or profitability,” reckoned Mr. Michaels.
For more information, visit the company’s website at www.CorrelateInfra.com.
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI