Skip to main content
.
.
February 19, 2023

Freshbay Inc. is launching a large-scale, deep earth geothermal-powered, 19-acre controlled environment agriculture (CEA) facility in Hinton, Alberta. It’s expected to be up and running in January 2024.

The project will use cutting-edge vertical farming technologies, greenhouses, and scientific horticulture procedures 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 is set to provide a major boost to the local economy, specifically by creating a projected 450 new full-time jobs.

 

The project will be the first of its kind in North America to harness deep earth geothermal energy

 

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.

 

Vic Reddy, CEO of Freshbay, commented: "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. 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."

 

Source:  Freshbay Feb 9, 2023 news release

 

Standard (Image)
If latest news
Check if it is latest news (for "Latest News" page)
1 (Go to top of list)

Add new comment

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Enter the characters shown in the image.
Submitted by Karen Davidson on 19 February 2023