Business Model & Investor Framework — 10 MW Reference Deployment

Waste is a feedstock.
Power is the byproduct.

Vis e Terra converts coal, rubber, and plastic into continuous baseload power through a closed-loop, non-combustion chemical process — while retaining ownership of every gram of CO₂ and every gallon of water it produces along the way.

Now Raising $25M — First Commercial Unit Review by Nov 2026
10 MW
Reference System Size
$27.5M
Battery System Sale (11 Units)
$0.04/kWh
Charging Rate, 20-Yr Term
100%
Byproducts Owned by Vis e Terra
Feedstock coal · rubber · plastic w2e Reactor closed-loop, zero combustion Power + CO₂ + H₂O Vis e Terra owns all outputs Revenue equipment · charging · byproducts Infinite LOOP
01 — The Market Gap

Two curves, headed for a collision.

Global organic waste and plastics keep accumulating toward landfill and incineration. At the same time, data centers and industrial campuses need 24/7 non-intermittent power the interconnection queue cannot deliver fast enough. Vis e Terra sits at the intersection of both curves.

Global Waste Accumulation

Millions of tons, buried or burned

2000
2010
2020
2030
2040
2050

Organic waste and plastics buried or burned annually create contamination with no recovered value — a growing feedstock pool with negative disposal economics.

Projected Data Center Power Demand

24/7 baseload, no room for intermittency

2000
2010
2020
2030
2040
2050

Modern economies and hyperscale data centers require insatiable, non-intermittent baseload power the current grid and interconnection queue cannot supply on customer timelines.

02 — How It Works

A fuel cell, not a fuel tank.

Each battery strips electrons from hydrogen dissolved in a continuously recharged fluid and forces them through a circuit to produce electricity. The hydrogen ions then recombine with oxygen to make water — no combustion, no explosion risk, no flammable state at any point in the loop.

CHARGING FLUID (HI) Recharged by independent contractor loop 1 MW FLOW BATTERY Electrons stripped forced through circuit OUTPUTS Electricity H₂ + O₂ → H₂O H⁺ spent fluid e⁻
Siting
Batteries sit in a building adjacent to the independent contractor supplying a continuous loop of recharged fluid under long-term contract.
Fluid State
The charging fluid remains nonflammable and non-explosive at every stage — hydrogen is never stored or transported as a compressed gas.
Feedstock Source
Hydrogen in the fluid originates from waste tires, plastic, coal, naphtha, or bagasse — broken down through a proprietary chemical process, not combustion.
Energy Ready Campus
Each battery is a 1 MW building block. Buildings scale in series next to the server halls they power — a campus sized to exactly the load it serves.
03 — Delivered Cost

Large loads buy delivered power, not LCOE.

Once overbuild, storage, hedging, backup, and interconnection are priced in, the comparison changes. Click a row for the build-up behind each number.

Click any row to expand ↓
Solar (standalone)3–6× overbuild + storage
18–40 ¢/kWh
To reach 24/7 delivery, solar alone requires 3–6× capacity overbuild, 20–100 hours of storage, seasonal balancing, curtailment, land, and full interconnection support.
Natural Gas (new CCGT)LCOE + pipeline + hedging
7.5–12.5 ¢/kWh
True delivered cost includes LCOE, pipeline reservation, transport, fuel hedging, carbon compliance, outage reserves, diesel backup, insurance, property tax, and congestion.
Baseload BatteriesVis e Terra platform, no ITC
7.1 ¢/kWh
No fuel, no emissions, no interconnection upgrades, no weather dependency, no diesel backup, no gas volatility. Investor returns of 20–30% IRR before any ITC benefit.
04 — Business Model

Four revenue layers, one platform.

The model is not a single equipment margin. Value is captured at the point of sale, across two decades of service, at the feedstock gate, and again at the byproduct outlet — with Vis e Terra positioned in three of the four streams.

01 / Capital

Battery System Sale

Customer purchases the flow-battery system outright — the upfront capital event that anchors each project.

$27.5M
11 × 2.5MW units, 10MW system
02 / Recurring

Charging Services

20-year PPA-style service agreement. Customer purchases hydriodic acid regeneration from Vis e Terra for the life of the asset.

$0.04 /kWh
Placeholder rate, 20-yr term
03 / Feedstock

Feedstock Economics

PPA owner or supplier sells production-ready feedstock to Vis e Terra — the margin lever behind conversion cost.

$TBD
Per ton, coal / rubber / plastic
04 / Byproduct

Open-Market Byproducts

Vis e Terra owns and sells pure CO₂ and pure H₂O to the open market — revenue the platform generates independent of the power sale.

$TBD
Wholesale, CO₂ + H₂O
05 — Deal Anatomy

How the 10 MW reference transaction works.

One customer, one site, three contracts. The structure separates asset ownership from process operation from power resale — each governed by its own agreement.

Step 1 Customer purchases the 10MW battery system from Vis e Terra — 11 units at $2.5M each.
Step 2 Customer leases a ~11,000 sq ft charging facility on ~2 acres to Vis e Terra, at a rate to be determined.
Step 3 Under a 20-year charging-services agreement, customer purchases regenerated hydriodic acid from Vis e Terra at $0.04/kWh.
Step 4 Customer resells delivered power to its own offtaker at a spread-based rate, to be determined.
Step 5 Vis e Terra retains title to all process byproducts — pure CO₂ and pure H₂O — for independent open-market sale.
System size10 MW
Battery units11 × 2.5MW
System price$27.5M
Facility footprint~11,000 sq ft
Site footprint~2 acres
Charging term20 years
Charging rate$0.04/kWh*
Feedstock price$TBD /ton
06 — Commercialization Roadmap

From first unit to gigawatt-scale assembly.

$25M funds the first commercial unit through independent engineering, tax-benefit, performance, site-readiness, interconnection, insurance, and financing review. Scroll to trace progress against the milestone line.

By Nov 2026

Commercial Unit Review

First unit complete and available for customer, investor, utility, and engineering review — the validation point for offtake and credit support.

After Review

Validation & Finance Package

Independent engineering, tax-benefit evaluation, performance validation, site-readiness, interconnection, insurance, and warranty review.

Mar–Apr 2027

Initial 30 MW Deployment

First scalable operating project, built in a couple of months once the finance package is complete.

Thereafter

400 MW → 1.8 GW / Month

Module assembly ramps toward 400 MW per month, with potential expansion to 1.8 GW per month as demand and financing allow.

07 — Capital Stack & Contract Web

Who owns what, who pays whom.

The Project SPV / Independent Power Producer sits at the center — owning the flow batteries, contracting for fluid charging, and selling power under a PPA. Click a node for its role.

DC Flow Battery Company
Equipment
Sells and commissions the flow-battery hardware, then warranties and maintains it for the life of the asset — the equipment counterparty to the Project SPV.
↓ Equipment Purchase Agreement · Maintenance Services Agreement
Project SPV — Independent Power Producer
Center of the Stack
Owns the flow batteries and operates the battery facility. Contracts for fluid charging and battery maintenance, and sells power to the end user via PPA. Financed 30% equity / 70% bank debt.
↓ Fluid Charging Agreement
Vis e Terra SPV
Charging Operator
Charges spent electrolyte fluid (HI) for the flow battery equipment under a long-term fluid charging agreement — or the IPP contracts a third party to supply charged HI directly.
↓ Power Purchase Agreement
End Power User
Offtake
Data centers, municipalities, industrial parks, and the grid — the end user purchasing firm, 24/7 power under a long-term PPA.
30 / 70
Equity / Debt
30% Equity Investors
70% Bank Debt
08 — Financial Ecosystem

Six companies, one value chain.

Value is monetized at every layer — front-end development, IP licensing, manufacturing, battery production, project ownership, and charging operations — rather than through a single equipment margin.

EIE Power Developers

Front-end development — city engagement, site origination, feedstock sourcing, and long-term charging contracts that make a project financeable.

w2e Technology

IP holder. Licenses the core process to Vis e Terra Manufacturing and the Vis e Terra operating companies.

Vis e Terra Manufacturing

Builds, assembles, and commissions the proprietary charging equipment for each deployment.

DC Flow Battery Co.

Exclusive manufacturer of the V-Cell 1000 flow-battery cells that store and discharge power.

Independent Power Producer

Purchases the battery system and delivers power to the customer under a Power Purchase Agreement.

Vis e Terra SPV

Operates the charging facility, regenerates hydriodic acid, and earns recurring per-kWh revenue.

09 — Feedstock Strategy

A deliberate hierarchy, not a waste-disposal claim.

Standardized feedstocks support predictable preprocessing, stable logistics, and financeable long-term supply agreements — the qualities investors and lenders underwrite. Heterogeneous municipal waste does not.

Preferred
Coal Rubber Plastic
Secondary
Agricultural biomass Organic municipal solid waste
Least preferred
General mixed waste
10 — Circular Outputs

Vis e Terra is not a power asset. It's a conversion platform.

Every deployment produces three saleable outputs. Power goes to the customer under contract. Everything else stays with Vis e Terra.

Output 01

Baseload Power

Delivered to the customer under the 20-year charging-services and offtake structure. Non-intermittent, grid-independent.

Output 02 — Owned by Vis e Terra

Pure CO₂

99.99999% purity, sequestration-ready or sold into premium industrial channels at open-market wholesale pricing (TBD).

Output 03 — Owned by Vis e Terra

Pure H₂O

Net-positive water production — at least 750 gallons daily per 1MW cell processing plastic. Sold at open-market wholesale pricing (TBD).

Ownership is explicit: unless a final transaction document states otherwise, Vis e Terra retains title to all process byproducts — CO₂, water, and any derivative outputs such as sodium bicarbonate — independent of who owns the battery asset or purchases the power.
CO₂ Monetization Pathways
Fossil-CO₂ Displacement — Food, Medical, Industrial
+

High-purity CO₂ displaces fossil-derived CO₂ currently sold into food, medical, and industrial markets — a direct substitution sale at market pricing.

Permanent Mineral Sequestration
+

CO₂ converted to sodium bicarbonate for sale into the wastewater treatment industry — a permanent sequestration pathway that also creates a saleable co-product.

Zero Atmospheric Fossil Emissions — Even With Coal
+

Because the process never combusts feedstock in an open cycle, 100% of carbon is captured as pure CO₂ — including when coal is the feedstock. No atmospheric fossil CO₂ escapes the charging process.

11 — Scalability

Linear technology. Repeatable economics.

The same engineering, contractual, and operating template scales from a single reactor to a gigawatt array — no redesign per site.

STAGE 01

1 MWh Cell

Standardized, rack-mounted

Precise load matching with built-in redundancy — the base unit every larger deployment is built from.

STAGE 02

300 MW Campus

~200,000 sq ft batteries · ~375,000 sq ft charging

Batteries and charging modules sized to a regional data center or industrial hub — the near-term commercial reference scale.

STAGE 03

1 GW Array

~70 acres

Gigawatt-hour capacity in a fraction of the land and time required by nuclear, solar, or wind — practical on abandoned transmission corridors and former generation sites.

Reactor to Array
3Reactors / Cell
A full w2e Cell has three reactors and produces roughly 3 metric tons of hydrogen per day, depending on substrate. Each cell generates all its own operating power — fully independent of the electrical grid.
10Cells / Module
Ten w2e Cells combine into a module producing roughly 30 tons of hydrogen per day. About 75% of the potential energy in the charging fluid converts to electricity, with near-10% redundant power built in.
33.5 → 1GW+MWh per Module Array
Modules combine to the desired volume of hydrogen, electricity, or byproducts. Components are hot-swappable and replaceable within eight hours — no single point of failure halts the array.
Deployment Calculator — Drag to Size a Campus
300 MW
200,000
Battery Bldg. Sq Ft
375,000
Charging Module Sq Ft
21.0
Total Site Acres
225,000
Gal. Water / Day
12 — Reference Economics

Illustrative, until the pro forma lands.

These figures come from platform-level case-study material — not from the 10 MW project pro forma. Treat them as a reference point on platform economics, not a forecast for this transaction.

Platform Reference Case — 30 MWh, 80% Utilization
315M
kWh produced annually
$31.5M
Gross annual revenue
$19.2M
Net profit after charging fees & OpEx
<24 mo
Estimated IPP ROI timeline
Structural eligibility for up to 50% federal Investment Tax Credit has been referenced at the platform level. Remaining system cost may be expensible at the end of year one under current assumptions. All figures require validation against the 10 MW transaction's own engineering, tax, and operating assumptions before use in an investor model.
13 — Open Variables

What the pro forma resolves.

These inputs are intentionally left open pending the sponsor's project pro forma — each one materially affects contract drafting, revenue recognition, and investor return.

Site / building lease rateTBD $/sq ft
Production-ready feedstock priceTBD $/ton
Resale power price to offtakerTBD $/kWh
Wholesale CO₂ valueTBD
Wholesale H₂O valueTBD
Tax attribute / ITC allocationTBD
HI classification — product vs. serviceTBD
14 — Leadership

The team behind the platform.

Jim Farrell

Chairman & CEO

55+ years in manufacturing and industrial consulting. Founder and strategic leader driving the w2e group IP and global expansion.

Dr. Luca Patauner

CTO & Chief Engineer

Industrial chemist and inventor of the w2e BioReactor. Multiple patents; led the first commercial w2e deployment in Italy.

Tony Ferracone

COO

Specialist in large-scale industrial finance, project structuring, and massive operations management.

Michael C. Walch

Board Member & Corporate Counsel

Senior partner at Kirton | McConkie; corporate counsel from inception.

The pro forma completes the model.

This framework establishes how the 10 MW reference deployment creates value across equipment, charging revenue, feedstock economics, and byproduct sales. The full project pro forma — unit economics, transaction diagram, and counterparty responsibility matrix — follows next.

Reference: 10 MW / 11 Units Preferred Feedstock: Coal · Rubber · Plastic Byproducts: Vis e Terra Owned