- Correlate Infrastructure Partners Inc. is a Louisiana-based developer of energy use solutions that is focused on providing data-driven energy analysis and advisement to commercial real estate developers
- Correlate recently announced that it is partnering with Ultra Yield Solutions (“UYS”) to improve energy use services to indoor horticultural growers
- The indoor horticultural industry, also known as controlled environment agriculture or CEA, is rising in popularity thanks to consumer efforts to promote locally grown produce year-round
- Under the partnership, UYS will take care of clients’ professional indoor farming LED design needs while Correlate will handle the solar, storage, and funding solutions
Indoor horticulture, also known as controlled environment agriculture or CEA, is increasing in popularity as consumer demand for produce grown closer to home under year-round, clean-control conditions continues to rise.
The market sustaining CEA produce is predicted to increase at a CAGR of 10.9 percent from 2021 to 2028, according to Research and Markets analysts cited in an AgriTech Tomorrow report earlier this year (https://ibn.fm/ri7kc).
As the demand for indoor-grown produce increases, the need for energy-efficient CEA-friendly lighting is also on the rise according to the AgriTech Tomorrow report, highlighting efforts to power what for many is becoming a passion project.
Correlate Infrastructure Partners (OTCQB: CIPI), a company focused on reducing climate change through improving the ways commercial buildings use energy, announced recently that it is entering the CEA space thanks to a partnership the company inked with horticulture lighting distributor Ultra Yield Solutions (“UYS”).
“We are excited to see this partnership transform the CEA space by dramatically reducing the operating costs of urban indoor farming. It will enable operators to reach profitability faster while simultaneously increasing the sustainability and resilience of their businesses,” Correlate’s VP of Sales Jim Fiorentino stated in the Sept. 7 announcement (https://ibn.fm/zoWA3). “We intend to make it simple and cost-effective for sustainably-minded growers to live their values by incorporating clean energy solutions into their operations.”
Under the partnership, UYS will focus on the clients’ professional indoor farming LED design needs, bringing the company’s deep industry experience to the table, while Correlate will take care of the solar, storage and funding as needed.
Correlate’s platform advances clean electrification solutions through locally sited solar, energy storage, EV infrastructure and data-driven efficiency measures that are powered by the company’s proprietary analytics.
Commercial industries have increasingly focused on transparency in their environmental, social and governance (“ESG”) reporting as a way of helping consumers evaluate the appeal of a particular business in a competitive industry, using a measurable standard as a base for their judgment.
Climate change worries have driven new awareness of trends involving severe weather, and the United Nations’ successful Paris convention on climate change less than a decade ago has spurred government and international agency policies on reducing greenhouse gas emissions.
Research technology company Glow’s analysts found recently that 1 in 4 consumers in the United States, Australia and the United Kingdom cited sustainability and social responsibility factors as a motivator for starting, stopping or switching use of a brand.
For more information, visit the company’s website at www.CorrelateInfra.com, including the following:
- Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
- Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/program
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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