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Podcast: Mining Stock Education
Episode: Correlate Energy’s New 40 MW Solar Microgrid to Power California’s O&G Sector with CEO Todd Michaels
Description: 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 locali...