GWF will design, build and operate Water Farms. The primary sources of revenue to the company will be from engineering, procurement and construction (EPC) of the Water Farm units and from operations and maintenance (O&M) on each Water Farm. Long-term Water Purchase Agreements (WPAs) and Water Treatment Agreements (WTAs) will also serve to back initial capital investment to construct and install certain Water Farms. In most cases, project-specific LLCs will own one or more Water Farms, with GWF serving as the operating partner to protect its IP and maintain the smooth operation of the Water Farms over their 40 year operational life-times. Financing for projects will come from clients, third-party investors and, at times, GWF itself.
GWF has purchased a parcel of land for the Pilot Project within Riverside County. We believe this to be an ideal location for our demonstration pilot and for our ongoing research and development as the plot is located on top of a sizeable brackish aquifer. After the pilot is operational, showcasing the system as well as testing and refinements will continue while GWF begins its commercial rollout.
GWF has executed a purchase and installation agreement for a 3-unit Water Farm with a client in the Imperial Valley. This agreement is contingent upon the successful launch and testing of the GWF demonstration pilot. GWF continues to identify and develop other possible contingent contracts for water treatment/supply in the Salton Sea area and beyond.
During Phase 2, projected to take two years, GWF will build Water Farms for the company’s early-adopter clientele: agricultural and municipal clients in California and energy industry clients in the Permian Basin. In parallel, GWF is also developing a Drinking Water Proof of Concept (DW-POC) as well as a Salton Sea Remediation Proof of Concept (SSR-POC). These commercial POCs reflect GWF’s local focus on improving what is currently a worsening drought, environmental, health and economic situation in the region. The POCs will serve as the starting point and provide the data needed for developing scaled up versions of the POCs to address regional water supply security, as well as the stabilization and remediation of the Salton Sea.
Phase 3, full commercial rollout, is projected to take one year. During this phase, GWF will increase production for US and possibly, international clients. Complete financials are available upon execution of a Non-Disclosure Agreement.
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