Hello Members of the Hive,
HiveMind had a fantastic year completing a pilot for Shell in London (a green roof on top of a service station inoculated with our mycelium) and are being considered for expansion to all 34,000 of Shell’s gas stations globally. We also went through the process of being vetted to sell carbon credits with VERRA and will launch our first VCU project later this year. We are launching our retail product, NetZero, on Kickstarter in early summer giving everyday Americans the opportunity to sequester part of their carbon foot print in their lawn, garden, urban lot, forest or farm. We also completed a Miyawaki style forest in Nepal and have sites chosen in Bali and Uganda for scale up.
More details below.
HiveMind has completed its testing for its Shell pilot. The pilot consisted of one of Shell’s service stations in London being covered with a green roof by our U.K. partner, Weatherproofing Advisors, and inoculated with our mycelium technology. Jens Arne Subke of the University of Stirling, Scotland and Dr. Christine Hawkes of the North Carolina State University created a flux measurement system recording CO2 intake and respiration in real-time.
The results showed both a significant increase in the intake and sequestration of CO2 as carbon in the plants, mycelium, and soil and an increase in plant size and mycelium populations. These results will be presented to Shell Global this Spring with the proposal that Shell covers all their 34,000 service stations with green roofs and our mycelium.
Weatherproofing advisors are also launching a retail plan for the U.K. to sell mycelium to all their existing green roofs clients and also install modular green roof segments inoculated with our mycelium.
The Sacred Rivers Climate Project completed its pilot project in the Kathmandu Valley on the Bagmati River. The site is a Miyawaki style forest that will grow to six feet in 2 years and ten in four years with all the biodiversity of a natural forest. We did six months of work in thirty days, with all the research, site preparation, and planting of 1,100 trees completed in thirty days.
The completion was cause for celebration and a half dozen other sites in Nepal, including two UNESCO World Heritage Sites, have requested forests as well as another half dozen sites worldwide. This process helped us expedite getting vetted by carbon brokers by several steps.
In fact, they suggested we get started with sites using an existing protocol saving us an entire year.
We are plotting another dozen sites of much larger size from one hundred to one thousand acres. That will allow us to sell a significant number of VCUs (Verified Carbon Units) starting in 2021. We will delay our next mini IPO until 2022 to be able to show significant profits and can increase the value of SRCP exponentially. Since SRCP is licensing HiveMind’s technology, its value will also increase in tandem.
We also completed the prestigious Y Combinator’s Startup School who has advised our value at $2M double what we launched at. In early summer 2020, we will launch NetZero, the first retail product that allows everyday Americans the ability to sequester a ton of CO2 in their lawn, garden, urban lot, forest or farm. They will also have an option to level up to their full carbon foot print, twenty tons, at one of our sites in Nepal, Bali, or Uganda.
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