Correlate Infrastructure Partners (OTCQB: CIPI), a technology-enabled energy optimization and clean-energy solutions provider for the U.S. commercial real estate industry, has released comments regarding the U.S. proposed climate bill. The bill is aimed to reduce greenhouse gas emissions below 2005 levels, which would be a reduction of 40%; the reduction is designed through a series of initiatives that will directly benefit solar consumers by 2030. According to the company, the bill will fund and credit production of and investment in renewable energy and carbon reduction technologies, such as solar, solar storage and EV technologies; will include an increase of the Investment Tax Credit (“ITC”) to 30% for projects completed in 2022 and extends the ITC another 10 years; is focused on climate spending; and allows renewable infrastructure companies such as Correlate with commercial-scale platforms to give incentivized property owners a simplified route to optimizing their energy profile to renewables while reducing their carbon footprint. “The historic climate bill includes several initiatives that will provide long-term stability and incentives to the U.S. renewable energy industry,” said Correlate Infrastructure Partners CEO Todd Michaels in the press release. “This includes an increase and extension of the investment tax credit for solar and storage and a more flexible structure for companies like Correlate to monetize that tax credit. These two key proposals have the potential to accelerate Correlate’s growth, support our ability to own and operate nationwide solar and storage assets, and contribute to strengthening the economy through clean energy project deployment.”
To view the full press release, visit https://ibn.fm/wpRtd
About Correlate Infrastructure Partners Inc.
Correlate Infrastructure Partners offers a complete suite of clean-energy solutions for the commercial real estate industry. Correlate is a portfolio-scale development and finance platform offering commercial and industrial facilities access to clean electrification solutions focused on locally sited solar, energy storage, EV infrastructure and intelligent efficiency measures. Its unique data-driven approach is powered by proprietary analytics, management services, and a highly scalable national fulfillment network to help building owners profit from fully funded, turnkey decarbonization and facility health programs. For more information about the company, please visit 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
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