Farming Water

GWF will design, build and operate Water Farms. The primary sources of revenue to the company will be from engineering, design and construction (EPC) of the Water Farm units and from operations and maintenance (O&M) on each Water Farm. In certain circumstances, licensing and leasing contracts will provide additional sources of revenue. Long-term Water Purchase Agreements (WPAs) and Power Purchase Agreements (PPAs) will also serve to back initial capital investment to construct and install certain Water Farms. In most cases, project-specific LLCs will own particular Water Farms, with GWF serving as the operating partner to protect its IP. Financing for projects will come from customers, third-party investors and, at times, GWF itself.

GWF has purchased a parcel of land for the Pilot Project within the Chocolate Valley Groundwater Basin (straddling Southern Riverside County and Northern Imperial County and lying to the east-northeast of the Salton Sea). We believe this to be an ideal location for the pilot as well as for our ongoing research and development. After the pilot is operational, showcasing of the system as well as testing and refinements will continue while GWF begins Phase 2, early commercial rollout, likely starting with construction of its first three commercial Water Farm units for a client in the Imperial Valley, CA, who has executed a purchase and installation agreement for a $24m, 3-unit Water Farm.

During Phase 2, projected to take two years, GWF will build up to sixty (60) Water Farm units for the company’s early-adopter clients: agricultural and municipal customers in California and energy industry clients in the Southwestern US. As noted above, GWF has executed a $24m purchase and installation agreement. This agreement is contingent upon the successful launch and testing of the GWF pilot facility and will commence immediately upon completion of the pilot.

Phase 3, full commercial rollout, is projected to take one year. During this phase, GWF will increase production, constructing up to 250 units for US and possibly, international clients. Complete financials are available upon execution of a Non-Disclosure Agreement.

Please send any inquiries on this subject to Graham Brownstein – gbrownstein@globalwaterfarms.com