The North Country Growers (NCG) project has received a significant boost as it secured initial funding to complete construction. This innovative project, which aims to use Combined Heat and Power (CHP) technology, is expected to be completed by fall 2023 and operational in Q4 of the same year. With the anticipated creation of 83 full-time jobs, the $37.5 million project has the strong support of state and local authorities.
The CHP system is anticipated to save 11,700 MMBtu per acre each year, which will boost yields by 30%. The news is a significant milestone for NCG, which has been working hard to develop a solution to food security. This issue has become increasingly pressing in the Northeast. In addition, the CHP system will be able to generate electricity and capture waste heat and carbon dioxide, which makes it a highly efficient solution.
Ozone Capital Markets LLC supports NCG in this project, serving as a resource for Qualified Opportunity Zone (QOZ) projects. This support will be crucial in ensuring the success of NCG and its mission to create a more sustainable and food-secure future for the Northeast.
The project’s first phase was the construction of two ten acres-of facilities for tomatoes and salad greens. This innovative greenhouse will be New England’s first to utilize CHP technology, making it one of the region’s most advanced and sustainable greenhouses.
When operational, the Berlin greenhouse is expected to employ 83 full-time workers. It will provide fresh, locally-grown produce to consumers in New England and beyond. Excavation and site preparation for Phase 1 of the project began in August 2021, and all necessary permits and approvals from the New Hampshire Department of Environmental Services and local authorities have been obtained.
Per AmericanAg Energy, the North Country Growers (NCG) project is a testament to the growing demand for locally-sourced, sustainable produce.
Photo by Petr Magera on Unsplash
You must log in to post a comment.