Correlate new partnership with ultra Yield Solutions. Image Credits: Correlate Infrastructure Partners, Inc.
Correlate Infrastructure Partners Inc. (OTCQB: CIPI), technology-enabled energy optimization and clean energy solutions provider for the U.S. commercial real estate industry, announced its partnership with Ultra Yield Solutions (UYS) to address the most cost-prohibitive aspect of indoor growing facilities: high energy use. UYS is a premier horticultural lighting distributor focusing on LED lighting technology and energy management solutions for Controlled Environment Agriculture (CEA) facilities. This move marks Correlate’s entrance into the CEA space and the partnership provides a unique service offering that enhances the sustainability and profitability of indoor farming operations.
The UYS team is headed by founder and chairman Chris Brown who brings deep LED lighting and energy solutions experience to the partnership as the former CEO of Wiedenbach Brown. The Correlate team is led by CEO and president Todd Michaels who boasts 16 years of experience in the energy industry including serving as the vice president of innovation at SunEdison.
UYS and Correlate have aligned to provide CEA facilities with a unique offering by funding and developing optimization strategies around LED cultivation lighting, onsite power generation, and storage, to ensure businesses have the reliable, cost-effective energy strategies needed to support long-term growth. UYS provides professional indoor farming LED design and deep industry experience while Correlate provides solar, storage, and funding.
“Partnering with Correlate allows us to give our CEA customers everything they need to drive operating costs down, improve sustainability and maximize crop yield,” said Brown. “Because we can handle the entire process from design to development to funding, indoor farmers can now simply focus on what’s important: their crops.”
The tremendous value of this partnership has not been lost on other leaders in the lighting space such as Acuity Brands, where UYS is the first distributor of the company’s new Verjure Pro Series LED luminaires. These professional-grade horticultural LED fixture series are designed to meet and exceed the output of traditional 1,000-watt HPS grow lights while delivering up to 40% energy savings.
“We are excited to see this partnership transform the CEA space by dramatically reducing the operating costs of urban indoor farming. It will enable operators to reach profitability faster while simultaneously increasing the sustainability and resilience of their businesses,” stated Jim Fiorentino, Correlate’s vice president of sales. “We intend to make it simple and cost-effective for sustainably-minded growers to live their values by incorporating clean energy solutions into their operations. The deeper we dive into this industry, the more we recognize the need for this.”