Correlate Energy’s New 40 MW Solar Microgrid to Power California’s O&G Sector with CEO Todd Michaels
Correlate Energy just inked a contract to commence building a 40 megawatt solar and battery microgrid for one of California’s largest oil and gas producers explains Correlate CEO Todd Michaels. This project’s revenue will dramatically increase Correlate’s forecasted EBITA and is worth multiples of Correlate’s current US$30mm market cap. The 14.6 megawatt phase one build-out alone is valued around US$25mm. Construction of this microgrid is set to begin in Q4 2023.
Correlate Energy Corp. (OTCQB: CIPI) employs a three-pronged strategy aimed at creating shareholder value from this multi-trillion-dollar trend. Firstly, Correlate seeks to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers. Secondly, Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow. Thirdly, Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors. Correlate’s management and board consist of industry experts who, during their careers, have successfully financed, developed, and installed over two billion dollars of clean energy projects for their clients. To learn more go to: Correlate.Energy/Invest
0:00 Introduction
1:20 Correlate inks 40MW California solar microgrid project
6:14 Increased EBITA forecast
7:59 $100mm JV with eDGe Renewable Partners
9:42 Microgrid expert Bill Shevlin joins Correlate Energy
11:51 Correlate is executing on its acquisition strategy
15:30 NY big board uplisting plans
16:18 Upcoming Correlate Energy Live Investor Summit
Bill’s CIPI investing thesis: https://mailchi.mp/333cfe956478/we-put-a-million-dollars-into-this-small-cap-energy-stock
Press release discussed: https://www.correlate.energy/news/correlate-energy-announces-major-microgrid-deal-with-leading-oil-and-gas-company-in-california
Thurs Oct 5th at 2pm EST webcast: https://attendee.gotowebinar.com/register/355980517630823517
