The project will encompass a zero emission strategy from 4 SKIES called TRI-GEN-ZERO™ which ensures that all power generated on the site for use by the vertical farm will be CO2 emissions free as 100% of the CO2 will be utilized to enhance plant growth. The Natural Gas power plant, to be purchased from GE, will be capable of producing 30 MW of electricity per hour, 24 hours per day, 365 days per year. The annual volume of organic produce to be grown in the vertical farm operation and sold to a national food wholesaler is estimated at 71.6 million lbs.. This represents a potential gross revenue of $383 million in the first full year of production (year 3) rising to $409.5 million by the fifth year. There will be some sales generated in years 1 & 2 as individual grow rooms become functional.
The total cost of this project is estimated to be $516,000,000 and is referenced below. The final costs are subject to change pending the feasibility study and final engineering for the project.
|Project Location||Fort Wayne, Indiana|
|Type of Project||Tri-Gen-Zero™ Vertical Farm|
|Project Cost||$516,000,000 USD|
|Type of Power Technology||Natural Gas Simple Cycle|
|Plant Capacity (electric)||30 MW (net)|
|Power Plant Efficiency||35% (electric)|
|Electricity to Grid||N/A|
|Energized Water Production||2.6 million gallons / day|
|Type of Crop Technology||Vertical Farming|
|Repurposed Factory Grow Area||2,583,339 square feet|
|New Vertical Farm Grow Area||1,291,668 square feet|
|Vertical Farm Produce Potential||71.6 MM lbs. / year|
|Estimated Time for Completion||18 – 24 months|
|Project Life||Up to 50 years|
|Zero Carbon Emissions Target||90,666 metric tons CO2e / year|
Total Project Cost (USD)
|1||Hard Costs||Plant and Equipment, Greenhouses, Ancillary Facilities||$433,813,125|
|2||Soft Costs||Legal, Contingency and Working Capital||$82,186,875|
4 SKIES will oversee and coordinate the study involving experts in the power generation and vertical farming industries. When completed, and assuming the study’s findings support the recommendation to pursue the project as proposed, 4 SKIES is prepared to undertake all of the necessary activities to complete the project on a Build, Own and Operate (BOO) basis.