New Deep Earth Geothermal Powered Controlled Environment Agriculture Project

HINTON, AB, Feb. 9, 2023 /CNW/ – Freshbay Inc. has a solution to Canada’s need for genuine green energy and local production of fruits and vegetables. Freshbay is launching 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% 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 is set to provide a major boost to the local economy, specifically by creating a projected 450 new full-time jobs.

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.”

For more information about Freshbay’s deep geothermal agriculture project, please contact [email protected].

About Freshbay Inc.

Freshbay is a cutting-edge agriculture company that is revolutionizing indoor farming. Freshbay combines vertical farming, greenhouses, and sustainable energy sources to grow strawberries year-round, and establish research and development to produce tropical fruits. The company is committed to providing fresh, healthy, and locally sourced produce, grown using innovative techniques and without the use of harmful pesticides and chemicals. With a team of experts in geothermal energy, agriculture, and indoor farming, Freshbay is dedicated to delivering a sustainable, efficient, and economically viable solution for indoor agriculture, while also making a positive impact on the planet.

SOURCE Freshbay Inc.

For further information: Media Contact: Vic Reddy, CEO, Freshbay Inc., 800.430.4610, [email protected]