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Financial and Economic Analysis of the FFC System
Financed by a grant from the Authority for Economics and Innovation in Hamburg Foodworks e.V. worked with GEA, Carboncycle, Smarthoods and numerous Vertical Farming Experts to research the financial viability of combining new food production systems with green energy for a more sustainable future food production for cities.
Executive Summary
Led by the Foodworks Association, The Future Food Campus (FFC) initiative seeks to merge state-of-the-art European engineering with an energy-efficient system for innovative new food technologies.
The objective is twofold: provide an infrastructure that accelerates new food technologies (on a commercial scale), such as controlled indoor farming and bioreactor production, and do so in a climate-positive manner, employing circular green energy methodologies.
New food industries face challenges globally by a shortage of capacities to manufacture their products at scale, and high and unsustainable energy costs for their production processes, making profitability and necessary sustainability standards unattainable. Controlled indoor farming companies also struggle with the lack of affordable, sustainable energy to make their business models financially sound.
The overarching FFC ambition is to develop an off-grid energy/production model with efficient, affordable and sustainable energy to address these challenges and promote a manufacturing system for cities with a circular economy model that is productive and environmentally friendly. By integrating advanced technologies into a cohesive, regenerative production system, it aims to redefine sustainability standards, presenting a model that cities globally can adopt.
This report presents a comprehensive introduction to new foods and vertical farming potential and a financial analysis based on a circular economy study of the Future Food Campus (FFC) system, illustrating the integration of diverse sustainable food production technologies within a singular facility powered by green energy. Based on LCA’s (Life Cycle Assessment) by GEA, experts in Vertical Farming, a Waste-to-Energy system by Carboncycle, and a comprehensive environmental analysis from Smarthoods it offers an economic layout and the environmental benefits of this holistic approach.
The financial and environmental conclusions of the FFC concept pave the way for further exploration and investment opportunities. It showcases the practical application and effectiveness of the concept in contributing to the carbon neutral targets of the city, underlining its potential as a sound investment in the evolving landscape of environmentally responsible business practices.