Freshbay to launch new geothermal powered controlled enviorment agriculture project
Freshbay projects 450 new full-time jobs will be created.
February 9, 2023 By Freshbay
Freshbay has announded a plan to launch a large-scale, deep earth geothermal powered, 19-acre controlled environment agriculture (CEA) facility expected to begin operations in Hinton, Alberta, in January 2024. The project will use cutting-edge vertical farming technologies, greenhouses, and scientific horticulture procedures; in order to create 100 per cent sustainable operations, to grow herbs, strawberries, and tropical fruits year-round.
The project will be the first of its kind in North America to harness deep earth geothermal energy to mass produce in remote regions.
Freshbay has strategic partnerships with the following companies:
- Novus Earth Energy has signed on as a strategic partner to manage drilling, installation and maintenance of the geothermal wells.
- Canada Banana Farms, a leading producer of exotic fruits, will manage growing fresh fruits while prioritizing sustainability.
- F&G Strategic Partners is arranging for the establishment of an appropriate funding structure, to provide the capital debt facility for the project.
This geo-agriculture project is being led by a strong, passionate geothermal energy team with strategic agriculture and tech partners. They are committed to delivering innovative, sustainable, and economically viable solutions,” says Vic Reddy, CEO of Freshbay. ” We are thrilled to launch this large-scale, deep earth geothermal agriculture project, which has the potential to revolutionize indoor farming. By harnessing the power of geothermal energy, we can create a genuinely sustainable and efficient solution for indoor agriculture, providing fresh, healthy produce all year round.”
Freshbay is a cutting-edge agriculture company that is revolutionizing indoor farming. Freshbay combines vertical farming, greenhouses, and sustainable energy sources to grow a variety of fresh herbs, strawberries, and tropical fruits year-round.
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