NetworkNewsBreaks – Correlate Energy Corp. (CIPI
Post# of 171
(Total Views: 109)
Posted On: 11/30/2023 3:57:39 PM
NetworkNewsBreaks – Correlate Energy Corp. (CIPI) Announces Completion of Continental Envelope Solar Facility
Correlate Energy (OTCQB: CIPI), a growth-oriented distributed energy company, has completed construction of one of Illinois’ largest rooftop, solar-power facilities. The project is located at Continental Envelope’s manufacturing plant in Geneva, Illinois. A pioneering independent manufacturer of commercial envelopes since the 1930s, Continental Envelope produces some 2 billion envelopes a year and has clients that include well-known companies in the finance, telecommunications and entertainment industries. According to the announcement, the rooftop solar project began in April 2022 and is now fully operational, with capability to supply 20% to 25% of the facility’s overall energy requirements. The company noted that the 908-kW solar project is estimated to offset approximately 18,849 tons of carbon dioxide over the next two decades, or the equivalent of eliminating 42 million car miles or planting 282,000 trees. “Our electrical costs increased 600% since moving in, which made us interested in solar for an ecofriendly solution to our electric costs,” said Continental Envelope project manager Elan Margulies in the press release. “Collaborating with Correlate, we analyzed and found this project made economic sense.”
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, has completed construction of one of Illinois’ largest rooftop, solar-power facilities. The project is located at Continental Envelope’s manufacturing plant in Geneva, Illinois. A pioneering independent manufacturer of commercial envelopes since the 1930s, Continental Envelope produces some 2 billion envelopes a year and has clients that include well-known companies in the finance, telecommunications and entertainment industries. According to the announcement, the rooftop solar project began in April 2022 and is now fully operational, with capability to supply 20% to 25% of the facility’s overall energy requirements. The company noted that the 908-kW solar project is estimated to offset approximately 18,849 tons of carbon dioxide over the next two decades, or the equivalent of eliminating 42 million car miles or planting 282,000 trees. “Our electrical costs increased 600% since moving in, which made us interested in solar for an ecofriendly solution to our electric costs,” said Continental Envelope project manager Elan Margulies in the press release. “Collaborating with Correlate, we analyzed and found this project made economic sense.”
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
(0)
(0)Correlate Infrastructure Partners Inc. (CIPI) Stock Research Links
Scroll down for more posts ▼