Imagine receiving nearly a million dollars for just being energy efficient.
A cannabis growing business in Lawrence, Michigan is reaping the rewards for planning ahead.
305 Farms is licensed to be the largest single site cannabis farm in the state of Michigan.
But that means it will take a lot of energy to power.
With plants growing for the first time, 305 Farms can really get to work.
But it’s the work they did ahead of time that has set them up.
Michigan is a competitive market and to remain competitive you need to be on the cutting edge. Being energy-efficient is just one of the many tools that we have to be competitive in this market,” said Matthew Peon, 305 Farms CEO.
CEO Matthew Peon says the facility pulls about 1.5 to 1.8 megawatts of energy a day, Enough to power 1000 homes.
“With indoor cannabis cultivation they actually use as much energy as a small manufacturing facility. So, it’s especially important for them to start off energy efficient,” said Rachel Fredrickson, Consumers Energy.
To not only save their bottom line but set themselves up to be competitive, finding every way to be energy efficient caught the eyes of Consumers Energy.
Its earning 305 Farms nearly 850 thousand dollars from Consumers in the hopes they continue on this path.
Peon says it will help as they grow.
“In 2023 we want to see the second building go up with another 110,000 ft. which should about triple our current output at the moment,” said Peon.
305 Farms plans to build three large buildings on their 40 acres. And unlike other industries, there’s no downtime.
“Depending on their grow rooms and the different cycles they’re on they need energy like all day. It’s like a regular business that closes down at night that lowers their demand of energy. They’re on 24 seven all day,” Fredrickson.
Just their LED lights save them about 25% on energy. Which if their future needs to remain bright to grow, Peon says they will continue to look at new eco-friendly technology to do so.
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