VGrid is seeking $9 million in pre-CORC sales to expand its existing site in Lost Hills, California. The expanded site will include thirty additional 'BIOSERVER' units converting waste pistachio shells into clean electricity, biochar, and bio-liquids. Once fully operational, the site will generate up to 12,500 CORCs annually and 13,500 MWh of clean and sustainable electricity.
The Lost Hills site is strategically located at the feedstock source, minimizing transportation-related costs and emissions. Currently, two of VGrid's BIOSERVERS are operational at this site. The first unit was installed in September 2022, and the second in July 2023. In addition to this new facility, VGrid has already established successful production sites in Visalia and Camarillo, California. These existing sites, operational since 2019, have demonstrated the effectiveness and reliability of VGrid's BIOSERVER technology and the overall process.
Currently, VGrid's BIOSERVER technology boasts an impressive 2.94 CORCs per ton of biochar, resulting in part from VGrid's biochar having a carbon purity of over 90%. This rate, however, is based on VGrid's current operations in Visalia, California, which requires the pistachio shells to be transported from Lost Hills, California. The current 2.94 CORC rate is net of these GHG transport emissions. With the new/expanded Lost Hills site, the pistachio shells will be moved less than one mile. The biochar will be processed and packaged on-site and shipped directly to customers without needing to be transported back to VGrid's headquarters in Camarillo. As a result, transport emissions are virtually eliminated, potentially raising the CORC rate for this site significantly HIGHER than 2.94.
In addition to reducing transport emissions, VGrid's mobile and modular BIOSERVERS can process any biomass feedstock. Additionally, the BIOSERVERS can be connected into arrays, enabling VGrid to appropriately size future sites according to the amount of local feedstock and local demand for biochar. Finally, VGrid's ability to build, deploy, and commission a new site in under six months is a significant advantage.
VGrid's vision is to create a global network of local production sites where local waste is processed into clean electricity and valuable co-products, which are then sold into the local markets, enhancing the health and productivity of local soils. This approach, capable of delivering gigaton-level carbon removal, will enable the future 'carbon-negative' circular economy on a local level, worldwide.
In addition to sequestering carbon, biochar addresses other critical environmental issues. With its high porosity and large surface area, VGrid's biochar improves water retention and microbial activity in soil, mitigating the impact of drought and naturally promoting the long term health and productivity of decimated soils. Biochar is also a natural filtration media that captures contaminants in stormwater runoff, solid waste leachate, and other sources of pollution. Additionally, biochar enhances the quality of compost while at the same time accelerating the composting process and reducing GHG emissions. VGrid's biochar is OMRI Listed as an organic input material, USDA certified as 100% bio-based, and IBI certified meeting the most stringent global standards for toxins, dioxins, and heavy metals.