Correlate Infrastructure Partners Inc. (CIPI) Looking to Capitalize on the Projected Growth of the US Renewable Power Sector

 

• The Inflation Reduction Act of 2022 (“IRA”) is set to boost the development of solar, wind, and big batteries, by at least 20% through 2030, with a target of 364 gigawatts of the capacity of solar energy alone
• BNEF projects that by 2030, solar power plants will have three times the capacity of all United States solar plants in operation in 2021, 21% higher than the initial forecast before the IRA was signed in August
• Correlate’s understanding of the renewable energy market, and the competence of its leadership, position it to take advantage of the ongoing energy transition and the opportunities therein

Correlate Infrastructure Partners (OTCQB: CIPI), a portfolio-scale real estate platform, is eying a significant growth potential in market capitalization in the coming years. Todd Michaels, the company’s President and Chief Executive Officer (“CEO”), has lauded his team’s efforts so far and the progress that the company has made as it works towards being “the first profitable, rapidly-growing publicly-traded clean energy company.”

A recent law signed by the President is set to boost the development of solar, wind, and big batteries by at least 20% through 2030. Dubbed the Inflation Reduction Act (“IRA”) of 2022, the law looks to lower energy costs, increase cleaner production, and reduce carbon emissions by roughly 40% by 2030 (https://nnw.fm/1X7R9). Companies such as Correlate are set to benefit from the Act in terms of tax credits for renewable technologies. They will also facilitate the construction of solar power plants with a target of 364 gigawatts of capacity by 2030 (https://nnw.fm/7m883). 

Correlate’s understanding of the renewable energy market, coupled with the competence of its leadership, positions it to take advantage of this ongoing transition and the opportunities therein. In addition, it places Correlate in a strategic position to become one of the biggest beneficiaries of this energy change and a key player in shaping renewable energy adoption and usage in the United States and beyond.

By 2050, installed solar photovoltaic (“PV”) capacity globally is projected to grow 20-fold, with the technology representing 38% of all electricity production. It is also projected that by 2050, in addition to the net zero emissions goals, the average Levelized Cost of Energy (“LCOE”) for solar PV will fall from the current $50/MWh to around $30/MWh, with individual projects costing well below $20/MWh (https://nnw.fm/OqdlP). Correlate is looking to take advantage of this and become an integral player, not just in installing solar power systems but maintaining them over time for the benefit of the consumers.

Bloomberg New Energy Finance (“BNEF”) projects that by 2030, solar power plants will have three times the capacity of all United States solar establishments in operation in 2021. This is 21% higher than BNEF’s initial forecast before the IRA was signed in August.

Correlate looks to capitalize on this projected growth as it works to achieve both its short-term and long-term objectives while also playing a pivotal role in the energy evolution in the first place. Its management is confident in the company’s current trajectory and is optimistic about the company’s market capitalization growth.

With an opportunity pipeline of over $100 million in commercial projects and more than $20 million in awarded backlog, Correlate is a testament to the overall shift to renewable energy sources, the viability of solar energy, and its importance in achieving the 2050 net zero emissions target.

For company information, visit the company’s website at www.CorrelateInfra.com, including the following:

• Breaking Down Barriers To Your ESG Goals While Generating Additional Net Operating Income: www.CorrelateInfra.com/our-process
• Platform Generates New Rent And Operating Income, Allowing You To Meet Your ESG Goals: www.CorrelateInfra.com/program

NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://nnw.fm/CIPI

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQX: EVGIF) Expanding RNG Across Canada, Backed by Long-Term Contracted Revenue

 

• EverGen expanding RNG infrastructure across Canada with projects in British Columbia, Alberta, Ontario
• RNG demand and pricing unpredictable in US due to carbon credit system
• Canada’s RNG companies have competitive advantage over US companies due to long-term offtake agreements for energy derived from RNG projects

Renewable natural gas (“RNG”) is considered carbon-neutral because it is produced by decomposing organic materials such as animal and food waste that otherwise would produce methane if left to decay naturally. In addition, RNG production does not pollute the air, water or land like traditional natural gas extraction methods while still being fully compatible with the existing pipeline system.

EverGen Infrastructure (TSX.V: EVGN) (OTCQX: EVGIF), an energy company that is developing Canada’s RNG Infrastructure Platform, is leading RNG development by acquiring, developing, building, and operating a portfolio of RNG, waste-to-energy, and related infrastructure projects. The company aims to expand its network across the country with support from Canada’s energy sector – an environment that provides significant advantages compared to the United States.

“In Canada, we can build infrastructure with certainty of long-term contracted revenue,” said EverGen Co-Founder and CEO Chase Edgelow in a recent interview (https://nnw.fm/1jRqp). “This is different from the US model, which is reliant on carbon credits which have a pricing mechanism that can be difficult to predict.”

“What’s unique about this landscape and industry in Canada comes from what we see as a really strong tailwind for our business:  the strength of the Canadian regulated gas utilities in terms of providing long-term offtake agreements for energy derived from these RNG projects.”

EverGen is expanding nationwide, starting in the West with three British Columbia projects and one in Alberta. With a focus on the East, the company recently acquired a 50 percent interest in Project Radius – a portfolio of RNG development projects in Ontario that can collectively produce approximately 1.7 million RNG GJ/year.

“When you add it all together, we’ve got a business capable of delivering $30 million of EBITDA from the portfolio that we have in front of us, and we see 25+ projects in Canada that could deliver 4x growth beyond that, said Edgelow (https://nnw.fm/lU1fj). 

“There’s a tremendous amount of opportunity in this space right now.”

Besides growing sustainable energy alternatives in Canada, EverGen is equally dedicated to achieving “Net Zero” – a global initiative to reach carbon neutrality by 2050. With Net Zero in focus, Canada’s natural gas utilities set targets to blend RNG into natural gas streams at a rate of 5 percent by 2025 and 10 percent by 2030 (https://nnw.fm/XMhAh).

Based in Vancouver, British Columbia, EverGen is an established independent renewable energy producer committed to a carbon-neutral future. The company currently focuses on building its network in Canada with the long-term goal of developing RNG infrastructure throughout North America and beyond.

For more information, visit the company’s website at www.EverGenInfra.com.

NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://nnw.fm/EVGIF

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Commercial Traffic Infrastructure Projects and Supply Chain Tech Innovations by Freight Technologies Inc. (NASDAQ: FRGT) Highlight Economic Value of Cross-border Trade

 

• Houston-headquartered Freight Technologies Inc. is an AI-driven technology developer focused on supporting the commercial trucking industry through efficient and transparent operations
• Recent discussion of cross-border traffic infrastructure projects by Mexico’s and the United States’ ambassadors underscores the importance the two nations place on their mutual trade infrastructure
• Freight Technologies’ Fr8App B2B marketplace helps improve communications between carriers and shippers so they can more efficiently match loads and avoid empty miles
• The company is reporting new record quarterly revenue and expects improving market conditions as the nation continues to rebound from COVID’s economic effects

When Mexico’s ambassador to the United States Esteban Moctezuma outlined the country’s aspirations for the expansion of two binational commercial transport corridors between the countries at August’s U.S.-Mexico Border Environmental Forum, he underscored the importance the nations’ governments place on the role commercial trucks play in sustaining their economies.

The Otay Mesa East-Otay II project south of San Diego, Calif., recently began construction and will create a new crossing that includes five lanes for passenger vehicles and five for cargo transport. The Laredo 4/5 bridge connecting Laredo, Texas with Nuevo Laredo, Mexico is still in the planning stages but would be the fifth international bridge for a city that handled 5.1 million cross-border commercial truck shipments last year.

“Otay Mesa East-Otay II … will become the most modern and innovative crossing on the U.S.-Mexico border,” Moctezuma said during a meeting with his U.S. counterpart, Ken Salazar (https://nnw.fm/H9dDy). “Its goal is to reduce a two-hour crossing time to just 20 minutes. The Laredo 4/5 project is a result of the high-level economic dialogue. This is paradigmatic of how institutionalized dialogue can turn into real actions.”

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), an OTR shipping technology innovator based in Houston, Texas, is focused on further improving the commerce between the two countries by developing solutions that make the commercial truck industry’s supply chain processes more efficient.

Freight Technologies (aka Fr8Tech) uses automation and transparent, real-time metrics that are communicated between shippers and qualified carriers — concentrating on cross-border as well as intra-national shipping within North America’s NAFTA trade area. The company’s flagship AI-powered Fr8App B2B marketplace can be of particular significance to smaller carriers working to meet Mexico’s tight CFDI 4.0 freight compliance reporting standards by January.

For carriers, Fr8App helps reduce the time matching each load to fill available space and avoid unprofitable miles driven empty — carriers can set their rate, routes, and trucks and have most of the work done for them by the platform. Shippers get transparent pricing to find the lowest cost available on the market for fast load matching and 24/7 tracking of the freight throughout its journey.

Moctezuma stated that the World Trade International Bridge, one of the four cross-border traffic structures already in use in the Laredo region, “is the most important for our bilateral trade. Through active coordination of our economic policies, we will make our supply chains more resilient and expand production in North America.”

Salazar, for his part, acknowledged the importance the U.S. government places on using technology to stop gun trafficking into Mexico and drug trafficking into the United States security with such endeavors.

“Our shared border and security are crucial for our shared prosperity, as they are key components to build a North American economic powerhouse,” he said.

For more information, visit the company’s website at www.Fr8Technologies.com. 

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT

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About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Octane Medical Innovation Forum on Entrepreneurial Intelligence

 The Octane Medical Innovation Forum invites startups, investors, businesses, professionals, and visionaries in the Medtech, pharma, and healthcare sector, to attend the largest medical conference in Southern California on Entrepreneurial Intelligence. Attendees can participate in two days of robust networking with peers and senior-level professionals, connect with the dignitaries, and leverage the immense store of information available on the forum platform.

The Medical Innovation Forum is organized by Octane, a convening organization operating for the last 20 years in Southern California to connect companies with capital and resources. Octane hosts programs every year connecting entrepreneurs, global leaders, and investors.

The agenda of the medical forum is to discuss entrepreneurial intelligence and enable young companies to draw relevant strategies to get discovered by investors. Entrepreneurs can connect with influential strategic advisors who will provide tips and relevant plans of action to aid early-stage companies in achieving their business goals. They will discuss how AI can be incorporated into the organization to extract data and make plans.

Panel discussions include how the current macroeconomic recession has impacted investors and entrepreneurs. Further, budding companies will learn tips and tricks on how to successfully navigate their way through these hurdles. Other discussions will include the reasons behind medical innovation and how it has helped businesses expand. Experts will also offer insights on taking a meticulous course of action in future so that the company continues to evolve and does not become obsolete.

This event will be attended by a global faculty of eminent keynote speakers who will present their valuable opinions and discuss the changes needed in the medical industry for businesses to meet patient demands and evolve as per changing needs. They will also discuss funding capital issues and how businesses can position themselves for visibility from investors.

Medical experts will review the impact of diversity on ROI at different stages of business development. Agenda also includes discussing the importance of a diverse business team and diverse clinical trials to optimize products and sales in these fast-paced times. They will outline the key steps involved in successfully diversifying at the outset stages of business development to ensure optimal results.

The main focus of the event is to ensure medical innovation that paves way for the growth of professionals to meet patient demands, leading to company leadership and success.

To learn more, please visit https://nnw.fm/Zq8Lo.

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Light Bush Plane Manufacturer, CubCrafters Inc., Champions Growing Market for Backcountry Aircraft

 

• Backcountry aircraft designer and manufacturer CubCrafters is riding tailwinds from the COVID-boosted interest in exploration travel away from populated centers
• The Washington-based company has spent the last 40 years building on its love for the classic Piper PA-18 Super Cub personal airplane, developing new models ranging from experimental to LSA with varied configurations
• CubCrafters recently announced it has filed for Reg A funding status with the SEC, opening the door to potential public backing of its operational strategy as the popularity of light aircraft soars
• The announced Reg A filing attracted $5 million in reservations during the first 48 hours, one-tenth of the company’s ultimate starting goal if the Reg A offering is qualified by the SEC 
• Market analysts forecast continued enthusiasm for the light aircraft market, growing at a CAGR of 5.9 percent from 2022 to 2030 for sales of $11.9 billion

From “Deliverance” to “The Revenant,” Hollywood seems to often evince the idea that the wilderness can be a brutal place, but the modern-day reality is that the backcountry wilderness can afford a peaceful escape as well as a bit of adventure that generally is much tamer than the hardships Hollywood envisions. Most people who visit the backcountry are more intent on enjoying the wilderness than getting into trouble out there (https://nnw.fm/ifmeR), although there will always be a need for caution to avoid getting into “survival situations” (https://nnw.fm/2zQF8). 

Yakima, Wash.-based aircraft manufacturer CubCrafters is making it more possible than ever for dedicated backcountry enthusiasts to pursue their passion for a peaceful pause by advancing light aircraft design based on the legacy of the classic Piper PA-18 Super Cub.

CubCrafters is building on 40 years of experience from delivering these best-in-class personal airplanes that have evolved to include the company’s own new designs in the Experimental, LSA, and Part 23 Certified aircraft categories.

“While our engineering has further improved (short takeoff and landing, or STOL) performance, we have also focused on improving every aspect that makes the Super Cub platform uniquely capable,” the company’s website states (https://nnw.fm/LV15k). “The result is a range of modern adventure aircraft that are designed and engineered for backcountry flying.”

CubCrafters’ seven models now include aircraft configured with nosewheel and tailwheel landing gear, floats, and even skis for an array of options when backcountry exploring.

“The market for bush planes] really has exploded,” Vice President of Sales and Marketing Brad Damm told The Bell2Bell Podcast recently (https://nnw.fm/HOy32), adding that COVID restrictions on public gatherings led many people who would normally have been enjoying popular travel getaways to instead seek out more private, personal goals in venturing away from populated centers.

And that resulted in many travelers taking a crack at getting licensed as private pilots. Market analysts see the momentum continuing, with light and ultralight aircraft revenues expected to hit $11.9 billion by 2030 (https://nnw.fm/oUNO0).

As CubCrafters enters its fifth decade, the company has decided to open itself up to public ownership, filing for a Reg A funding plan in August with the U.S. Securities and Exchange Commission (“SEC”).

Announcement of the application was met with excitement, pulling in $5 million in reservations for 1 million potential shares of stock during the first 48 hours. The company’s ultimate goal is to obtain $50 million in public backing through the funding vehicle (https://nnw.fm/r7naU).

“This level of interest from the aviation community and the general public tells us that they see real value in our company and want to help it grow,” Damm stated.

For more information, visit the company’s website at www.CubCrafters.com.

NOTE TO INVESTORS: The latest news and updates relating to CubCrafters Inc. are available in the company’s newsroom at https://nnw.fm/CUB

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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