Business
Fourth Wave Energy Announces Agreement to Acquire Colorado Property with Approved Plans for a Green Community with fully Developed Sale Value of Over $120 Million
Fourth Wave Energy Announces Agreement to Acquire Colorado Property with Approved Plans for a Green Community with fully Developed Sale Value of Over $120 Million.
About this update from Edgemode Inc.
[{"type":"text","content":"\n\n\n\nFourth Wave Energy Announces Agreement to Acquire Colorado Property with Approved Plans for a Green Community with fully Developed Sale Value of Over $120 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFourth Wave Energy Announces Agreement to Acquire Colorado Property with Approved Plans for a Green Community with fully Developed Sale Value of Over $120 Million\nFourth Wave Plans to Develop net Zero Carbon Home Communities in Multiple States Powered by Advanced Solar/Geothermal Clean Energy Systems\nPR Newswire\nSAN JOSE, California, May 8, 2020\n\n\n\nSAN JOSE, California, May 8, 2020 /PRNewswire/ -- Fourth Wave Energy, Inc., (OTCQB: PIRE) a San Jose based climate solutions technology company has announced it has entered into an agreement whereby it has the option to acquire 19 acres of residential land from GEOS Neighborhood (www.discovergeos.com), an Arvada Colorado based net zero carbon community developer. If the Option is exercised, Fourth Wave will continue to work with GEOS to develop the property. \nThe founder of GEOS is Norbert Klebl, a German trained engineer, award winning green housing pioneer and builder of net zero carbon homes. Mr. Klebl has become a FWE shareholder and will join the advisory board. Mr. Klebl has become a leading face of the zero carbon movement in residential building. In addition to his engineering background he received his MBA from Columbia and was a partner with McKinsey & Company specializing in alternative energy.\nFourth Wave plans for the construction of net zero carbon energy independent homes and multi-unit condo rental units at the Arvada project with a combined sales price of over $120 million. The project has built and sold the first 25 homes and has proved net zero utility bills.\nThe GEOS community has won numerous green/zero carbon housing awards and is recognized as an environmentally advanced sustainable home community. The GEOS community will serve as the prototype for future developments for FWE. FWE plans to develop similar communities of advanced net zero carbon homes patterned after...