PHT Growth Fund LP
PHT Growth Fund will invest in alternative and renewable energy systems required to power our temperature-controlled facilities and drive sustainability throughout the fresh produce supply chain. Our focus will be on solar PV, cogeneration (CHP), and backup battery storage controlled by on-site microgrid systems.
After logistics, the second most expensive operating component of cold storage facilities is electricity. Bacteria and other microorganisms cause food to deteriorate, and the activity of these bacteria increases as temperature rises. To maintain constant low-temperature environments, cold storage facilities require round-the-clock power.
Given the energy-intensiveness of these facilities, our strategy of prioritizing renewable and alternative power will not only greatly reduce costs, decrease carbon emissions, and increase product quality, but will also provide resilience and reliability by ensuring continual power during outages.
Net Zero 2050
We recognize the importance of reducing and eliminating greenhouse gas emissions. Every PHT growth phase will be designed to support Net Zero by 2050.
A key element of our approach to Net Zero is powering our pre-cooling and cold storage facilities with clean energy, replacing polluting coal, oil and gas-fired power stations with off-grid renewable power production including solar, cogeneration, and battery backup storage.
We will complement these alternative energy sources with electric forklifts and long-haul trucks, water recycling and industrial wastewater reclamation, and provide intercity pickups to reduce truck traffic and minimize carbon emissions.
Through the integration of photovoltaic (PV) technology, commonly known as solar panels, we can harness the sun’s energy to provide additional power, drive substantial energy cost savings, and reduce our carbon footprint.
Advantages of solar-powered facilities include a reduced dependency on grid supply and fossil fuels, a reduction in Greenhouse Gas (GHG) emissions, increased power reliability, and reduced electricity costs.
PHT will use cogeneration, also referred to as Combined Heat and Power (CHP), which utilizes waste heat generated from electricity production to optimize energy use and minimize waste. Waste heat from cogeneration systems are used by a heat absorber to create more energy to power refrigeration, which we will use to chill water, make ice, and run refrigeration systems.
Cogeneration will also be used to create cheap power which PHT will use to offset much higher costs from our local utility provider.
Industrial battery power backup systems are commonly used to power critical devices during power outages. Battery systems store energy generated from solar panels and cogeneration, or from the grid when electricity is available. They can provide power for a certain period of time, depending on the capacity of the battery and the electricity demands of the devices plugged into the system.
Battery technology is crucial for cold storage facilities, as they have the ability to store excess energy generated during peak production times, which can then be utilized during off-peak hours or during grid outages, ensuring uninterrupted cold chain operations which are crucial for maintaining quality and food safety of fresh produce.
Additionally, these energy storage systems enable PHT facilities to participate in demand-response programs, further reducing energy costs and contributing to grid stability.