- Correlate Infrastructure Partners is a company that develops and finances renewable energy projects for the commercial real estate industry
- Its services address heating, cooling, and lighting solutions with clean onsite generation that allows CIPI and its clients to reach for Net Zero goals while supporting new electric vehicle infrastructure growth
- The improvement of charging stations is linked to greater adoption of EVs and, with it, the capacity of electricity generated from renewable sources will have to increase to meet the demand
- CIPI is playing a preparatory role by increasing renewable generation capacity at its clients’ facilities and installing EV charging infrastructure
Countries, businesses, and people are racing against time to reduce their carbon footprint and emissions in line with the Paris Agreement. With the transportation sector, which is predominantly reliant on fossil fuels, accounting for roughly 27% of total U.S. greenhouse gas (“GHG”) emissions (https://ibn.fm/f2kOZ) and about 25% of global GHG emissions (https://ibn.fm/9bW3e), electrification of transport has emerged as a central pillar if the Agreement’s goals are to be realized. As a result, EV sales are surging.
According to BloombergNEF’s Electric Vehicle Outlook 2022 report, this surge is influenced by new compelling models from manufacturers, more charging stations, better battery technology, and policy support. And already, this wide adoption of EVs is displacing about 1.5 million barrels per day of…
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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