Correlate Energy Corp (PK:CIPI)
Business Focus: Biotechnology & Medical Research
| Sector: Healthcare | Industry: Biotechnology & Medical Research |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 176 S. Capitol Blvd, 2Nd Floor BOISE ID 83702 |
| Tel: | N/A |
| Website: | https://triccar.com |
| IR: | See website |
| Key People | ||
| Matthew C. Flemming Chairman of the Board | Todd Michaels President, Chief Executive Officer, Director | Channing F. Chen Chief Financial Officer |
| Roger Baum Executive Vice President - Operations | Jed Freedlander Chief Development Officer | |
| Business Overview |
| Correlate Energy Corp., formerly Correlate Infrastructure Partners, Inc., operates a technology-enabled vertically integrated sales, development and fulfillment platform focused on distributing clean and resilient energy solutions North America. It provides property owners and real estate investment trusts access to a multitude of energy experts and solutions via a software-driven process, with end-to-end engineering, finance, project management, and fulfillment services for all facility energy improvements. It is also involved in the development of microgrid infrastructure opportunities in areas that cannot be properly served by centralized electrical infrastructure. It has developed processes and tools targeted at bulk real estate owners, educating them on the financial benefits of energy projects, allowing them to compare potential energy upgrade options, and facilitating the actual implementation of the retrofit measures. It also provides custom solutions for energy contractors. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Correlate Energy Corp revenues increased from $3.4M to $7.6M. Net loss increased 79% to $12.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Amortization of debt discount increase from $1M to $4.9M (expense), Financing costs increase from $368K to $4.2M (expense). |
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