The property is a 48 acre site and SDC has zero debt on the land. Sunvault Energy will be installing the new Edison "Always On Energy Bank" Storage System in each home along with Solar arrays. Sunvault will sell and install 200 systems, basically one for each home. The partnership will also construct an Anaerobic Digester facility which will take all organic waste from the 200 home community and turn that waste into energy to power the homes. This technology combined with 1.2 MW of Solar PV installed on the homes' roofs, will make this community the first self sustainable community in the Country as far as power is concerned. All homes will also have Solar Water heat options and a grey water system.
The Solar PV systems will also make it the largest solar project in British Columbia. In addition to the Power supplied to the community, SDC will also put in its own water system to serve the community.
Custom Built Homes in the community are to be sold to the owners and the land will be leased for 49-years with an option for a second 49 years. This ownership and lease structure has been done on other First Nation properties and is quite common for financing these structures for home owners. One of the big benefits to home owners is it allows for a much lower cost of entry point for home owners because there are no large up front land costs. The company has identified two local prefab home builders that can build these highly efficient custom homes at a rate of approx. 4 homes per day.
From a revenue standpoint, SDC will earn approximately $140,000 per year from the water system. Sunvault will earn its share from this site approximately $350,000 – $400,000 per year revenue on power usage as a Green Renewable Energy Utility provider. The SDC property lease revenues will be approx. $700,000.00 per year. Sunvault's Gross revenues from the Solar and the Edison Systems installation will be approximately another $3.7 million dollars.
The development will have access to the standard electric grid supply for those who would want to make that choice. SDC also intends to negotiate with other providers, such as Satellite, Cable, Telephone and Internet to ensure that the community can provide the best possible service at the best possible price under one billing arrangement.
"This community will set the standard for self sustainability in Canada" stated Gary Monaghan, CEO of Sunvault Energy. "The opportunity to supply the Edison "Always On Energy Bank Storage System in each home so that Green Energy is stored and usage is maximized is something we are really excited about" he continued.
Work started on the property this week with the clearing of the land of the underground services to be installed and lot preparations. The site has an over abundance of top soil which should be available for sales in time for seasonal gardening.
Sunvault Energy and Aboriginal Power have recently agreed to another larger 80 acre site that will add another 480 homes. The Company will release information on this site as it develops.
"We are excited to be involved in this exciting self sustainable project" said Ralph and Robert Marchand of Slatchinum Development Corporation. "A green renewable self sustaining approach using these kinds of technology is in line with what we have envisioned for this property" they stated in this joint release.
Sunvault plans to continue its expansion in Green Renewable Energy technology, bringing all it has in the vault and contributing to areas where these technology choices are guaranteed to be utilized, maximized and monetized.
