Correlate Energy has partnered with Compass Energy Platform and Distributed Energy Capital to develop a microgrid utility project, led by Cuyahoga County formed Cuyahoga Green Energy (CGE).
The initiative initially involves developing four microgrids, totaling approximately $400 million, with opportunities for follow-on initiatives. The microgrids will serve as small-scale local electricity systems capable of operating independently from the main grid for an uninterrupted supply of clean and reliable energy to multiple interconnected customers.
Compass Energy Platform will be an operational and strategic partner responsible for managing the utility's operations, including technical standards, customer billing, and project financing. Under a 10-year contract approved by the Cuyahoga County Council, they will serve as the primary utility operator.
Distributed Energy Capital, operated by Correlate, will provide financial and technical development services supporting the partnership by structuring near and long-term project financing.
Correlate will serve as the co-development partner, collaborating with Compass Energy and Cuyahoga County to execute and improvize the microgrid projects.
The project aims to construct a resilient and reliable energy infrastructure to ensure communities like Cuyahoga County are better prepared for future power disruptions.
The teams are discussing to explore similar microgrid partnership models with other municipalities. CGE’s project will serve multiple interconnected customers, including commercial, industrial, and later, government and community loads for a strategic and efficient use of shared resources like solar panels and batteries.
The microgrid projects are expected to be operational by 2025. The project will ensure economic growth and re-industrialization in the Cleveland metro region by providing clean and reliable energy.
