American Ag Energy (AAE) is a Controlled Environment Agriculture company that integrates electric power generation with greenhouses to grow vegetables. AAE produces high quality, locally grown, and good tasting vegetables with low environmental impact. The company's technology results in significant energy and water savings and generates important economic advantages. Ag Energy's staff consists of experienced growers, engineers, and scientists who have successfully managed similar activities in the past. AAE's efforts are restricted to the Northeastern United States where 95% of the vegetables consumed are imported mainly from California, Florida, and Europe. The company delivers its products to its customers the day after they are picked ensuring good taste and high nutritional value. AAE expects to develop a number of these projects in its market area and anticipates building approximately 400 acres over the next 5 to 7 years. These efforts are expected to lead to significant revenues and cash flow.
Furthermore, the company has underway a variety of research and development activities designed to increase the profitability of Controlled Environment Agriculture facilities by improving yield and taste as well as safely controlling insects, fungal, and bacterial threats.
Raised $1,470,000 for North Country Opportunity Zone Fund. The company’s first project in Berlin, NH is in an Opportunity Zone.June, 2019
Developed understanding with major customer for long term purchase of vegetablesJune, 2018
Recruited and trained a complete management teamDecember, 2017
Completed engineering design of the Controlled Environment Agriculture facilityAugust, 2017
Secured Senior Lender Commitment for $33.25MJuly, 2017
Completed all required permits for the project constructionJuly, 2017