August 22, 2023

Correlate Energy Corp Enhances M&A Strategy with Appointment of Eli Albrecht to Board of Directors

BOISE, Idaho, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Correlate Energy Corp. (the “Company” or “Correlate”) (OTCQB: CIPI) a growth-oriented distributed energy company proudly announces the appointment of Eli Albrecht to its board of directors, effective August 2, 2023. With an exceptional track record in mergers and acquisitions (M&A) and extensive experience in the renewable energy sector, Mr. Albrecht's addition strengthens Correlate's strategic capabilities, opening new avenues for growth and innovation.

"I feel privileged to take on this role at such an exciting time. The clean energy industry is highly fragmented and ripe for an M&A strategy, and Correlate Energy Corp. is addressing these challenges with a thoughtful and innovative approach that will drive efficiency and shareholder value. I am excited about Correlate’s growth trajectory," stated Eli Albrecht.

Mr. Albrecht's distinguished career includes roles at reputable legal firms renowned for their M&A prowess. Prior to joining the top tier firm, SMB Law Group LLP, where he is currently a Partner, Albrecht served as an M&A lawyer at Gibson Dunn & Crutcher LLP, and previously at DLA Piper LLP. His comprehensive understanding of legal intricacies surrounding complex transactions, coupled with his commitment to sustainability and renewable energy, uniquely positioned him to contribute to Correlate’s board.

"We are delighted to welcome Eli Albrecht to Correlate's board of directors," stated Todd Michaels, CEO of Correlate. "His extensive knowledge and proven leadership in the M&A arena, particularly within the renewable energy sector, align perfectly with our strategic vision. Mr. Albrecht's insights will be invaluable as we navigate the dynamic clean energy landscape and pursue our ambitious growth initiatives."

Mr. Albrecht's academic achievements are equally impressive, with a Bachelor of Science from Johns Hopkins University and a Juris Doctorate from Georgetown University Law Center. Correlate Energy Corp. welcomes Eli Albrecht to its board of directors, confident that his industry acumen will propel the company's vision forward, ultimately solidifying its position as a driving force in the unstoppable trend towards decentralized energy.

Correlate Energy Corp. (OTCQB: CIPI) is a publicly-traded company strategically positioned to capitalize on America’s unstoppable trend towards decentralized energy generation. The company employs a three-pronged strategy aimed at creating stockholder value from this multi-trillion-dollar trend. First, Correlate seeks to finance, develop, and profitably sell localized clean energy solutions and microgrids to industrial, commercial, and residential customers. Secondly, Correlate plans to retain ownership of some of these energy systems and thereby realize ongoing, reliable cash flow. Third, Correlate seeks to acquire proven renewable energy companies in order to exponentially grow earnings per share for investors. Correlate’s management and board consist of industry experts who, during their careers, have successfully financed, developed, and installed over two billion dollars of clean energy projects for their clients. To learn more go to:

General inquiries:
Correlate Energy Corp.
(855) 264-4060

Forward-Looking Statements

This news release may include forward-looking statements regarding Correlate Energy Corp, its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Correlate Energy Corp. expresses or implies an expectation or belief about future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Correlate Energy Corp. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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