QualityStocksNewsBreaks – Correlate Energy Corp. (CIPI) Lands First-Ever Microgrid Project with California Oil and Gas Company
Correlate Energy (OTCQB: CIPI), a growth-oriented distributed energy company, has entered an agreement for a significant microgrid project. Developed for a customer representing one of California's largest privately owned oil and gas corporations, the project will be outside the Los Angeles area and requires an immense energy demand. According to the announcement, the client’s operation has a 100MW load spread across multiple locations that seek to reach net zero, or the equivalent electricity consumption of approximately 75,000 households. After completion of underwriting and permitting, the company is forecasted to deploy up to 40MW of solar and storage capacity across 20…