- Ohio’s Cuyahoga County established a green energy utility three years ago, and recently signed a 10-year contract with companies Distributed Energy Capital and Compass Energy Platform to manage the first-in-the-nation community power operation
- Distributed Energy Capital is a subsidiary of Correlate Energy Corp., a distributed energy solutions developer that works strategically with partners to help clients make the transition to green energy transition
- Key development milestones for the utility are expected by next year, with a focus on supporting economic growth in the Cleveland metro region under a renewable energy model
- The partnership for the distributed energy utility model is being addressed with other municipalities, exhibiting its potential for scalable growth
- The microgrid energy distribution market is experiencing growth at a CAGR of 18.5 percent during the next five years, demonstrating interest in its development
The microgrid energy distribution market is expected to grow at a CAGR of 18.5 percent during the next five years to a valuation of $87.8 billion dollars, according to analysts at MarketsandMarkets Research, reflecting a rising interest worldwide in reducing climate-altering pollution as well as the burgeoning need for energy to power an increasing array of computerized resources (https://ibn.fm/h7DiI).
The report notes technical and logistical hurdles to the interconnectivity of microgrids that present significant obstacles to the market’s expansion, but distributed energy solutions company Correlate Energy (OTCQB: CIPI) is driving scalability in the market with a new partnership between its…
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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