Correlate Infrastructure Partners Inc. (CIPI) Eyeing Big Net Gains Following the Enactment of the Inflation Reduction Act; Has Finalized M&A Plans Through Q2 2023 and Posted Revenue Jump
Nov 22, 2022
- With the recently passed Inflation Reduction Act, Correlate looks to achieve significant net gains
- The company just posted a significant revenue bump from $236,690 in Q2 2022 to $2,313,577 in Q3 2022, plus shows project opportunities of up to $194 million
- Todd Michaels, Correlate’s CEO, has also noted the company’s finalized M&A plans through Q2 2023, integral to scaling up the size and overall value of its projects and further growing revenue
- In September, the company entered into a non-binding letter of intent to acquire Vermont-based Aegis Renewable Energy Inc., which, once finalized, will present Correlate with new strategic abilities to explore the bludgeoning Northeast renewable energy market
Correlate Infrastructure Partners (OTCQB: CIPI), a tech-enabled development, finance, and fulfillment platform for distributed energy solutions across North America, just released its financial report for the third quarter of the 2022 financial year (“Q3 2022”). Of obvious note was the significant bump in revenue from $236,690 in Q2 2022 to $2,312,577. While speaking during the announcement, Todd Michaels, Correlate’s CEO, lauded the company’s performance and expressed his optimism for the company’s future, particularly with the enactment of the Inflation Reduction Act (https://ibn.fm/wVfqP).
Mr. Michaels acknowledged the Act, citing its benefits to clients and investors in the renewable energy space, reporting that the move will be a significant net gain for the company and integral in opening it…
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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