NetworkNewsBreaks – Correlate Energy Corp. (CIPI
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Posted On: 11/03/2023 4:33:02 PM
NetworkNewsBreaks – Correlate Energy Corp. (CIPI) Holds Live Investor Summit Webinar to Discuss Microgrid Deal with California Oil and Gas Company
Correlate Energy (OTCQB: CIPI), a growth-oriented distributed energy company, wrapped up a live investor summit webinar recently following the news that it had landed a major microgrid deal with one of California’s largest privately owned oil and gas corporations. According to the announcement, the microgrid project is the company’s largest deal to date and involves the development of 40 megawatts of solar power and storage capacity across 20 sites located throughout the Los Angeles metro area. The announcement noted that microgrids are independent, local power grids that power anything from a single building to an entire community, and sustainable ones, such as those Correlate is building, can provide cheaper, cleaner and more reliable energy. The company observed that the microgrid deal with, which is Correlate’s official entry into the microgrid market, marks the achievement of a key 2023 milestone and puts the country a step closer to reaching the 2030 distributed renewable energy target. “The first phase of the project is projected to exceed $23 million and will serve as a blueprint for similar collaborations with other companies in the oil and gas sector,” said the company in the press release. “The California Oil and Gas Corporation operates multiple locations with a total load of 100 megawatts and needs to achieve net zero to comply with the state’s ambitious climate policy — AB 32 Climate Change Scoping Plan — under which 100% of California’s electricity must be zero emission by 2045. The 40 megawatts of solar and storage capacity that Correlate will develop as part of the deal puts the oil and gas corporation well on the way toward achieving that target.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Correlate Energy (OTCQB: CIPI), a growth-oriented distributed energy company, wrapped up a live investor summit webinar recently following the news that it had landed a major microgrid deal with one of California’s largest privately owned oil and gas corporations. According to the announcement, the microgrid project is the company’s largest deal to date and involves the development of 40 megawatts of solar power and storage capacity across 20 sites located throughout the Los Angeles metro area. The announcement noted that microgrids are independent, local power grids that power anything from a single building to an entire community, and sustainable ones, such as those Correlate is building, can provide cheaper, cleaner and more reliable energy. The company observed that the microgrid deal with, which is Correlate’s official entry into the microgrid market, marks the achievement of a key 2023 milestone and puts the country a step closer to reaching the 2030 distributed renewable energy target. “The first phase of the project is projected to exceed $23 million and will serve as a blueprint for similar collaborations with other companies in the oil and gas sector,” said the company in the press release. “The California Oil and Gas Corporation operates multiple locations with a total load of 100 megawatts and needs to achieve net zero to comply with the state’s ambitious climate policy — AB 32 Climate Change Scoping Plan — under which 100% of California’s electricity must be zero emission by 2045. The 40 megawatts of solar and storage capacity that Correlate will develop as part of the deal puts the oil and gas corporation well on the way toward achieving that target.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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