with the designated builder
As part of a global business plan, we have scheduled the creation of 4 geoLAGOON villages in Quebec over the next 5 years, unique sites with a vast thermal bath similar to those found in Iceland, Japan, Romania and elsewhere in the world. Each lagoon, located on the roof of a central building close to ski resorts or major tourist centres, will be heated year-round to 38°C thanks to a unique and innovative energy ecosystem based mainly on solar energy and shallow geothermal energy with no impact on groundwater. geoLAGOON projects aim to be net zero from day 1 of their operations and to be self-sufficient in self-generated renewable energy. Preliminary studies by engineers (Akonovia) and environmental specialists (LCL) have confirmed that these two goals can be achieved, in particular through the use of MITREX building cladding, which will produce its own solar-generated electricity, thereby eliminating the need for photovoltaic solar panels. In addition, we will be aiming for a form of water self-sufficiency by recycling shower water and capturing rainwater.
To carry out its planned projects in the Laurentians, Lanaudière, the Eastern Townships and at the gateway to Charlevoix, Quebec-based geoLAGOON corporation has accepted a preliminary financing offer from a financial institution for a line of credit of up to $250 million per village, and a second financing offer of $35 million per village from a renewable heat specialist to finance the project, build and operate (in conjunction with an energy services company) the heat production and distribution facilities for the geoLAGOON tourist villages, based on the use of renewable energy (solar thermal, geothermal and biomass) and a heat accumulator to maintain the temperature of the water in its lagoons at 38°C all year long, with guaranteed results. It is estimated that a complex of 306 double chalets, including the central lagoon pavilion, would represent a total investment of around $500M. In addition, with a view to future development, a financing structure is already in place with an Icelandic partner who will work with us to deploy a first geoLAGOON in Europe, once construction in Quebec has begun.
Each geoLAGOON site will offer double (and sometimes triple) hotel or rental chalets that investors will be able to buy from the builder appointed by our organisation. Depending on the municipal regulations in force, these cottages may be rented out as hotels (condotels) or on various platforms, depending on the rates and conditions of the project. Purchasers can already reserve a priority position with a view to owning a condo-chalet (ground floor or one storey) or an entire chalet when work is launched once the permits have been obtained.
By pre-booking at prices that are currently provisional and estimated, you will deposit the symbolic sum of $5,000 in trust with a notary. This amount is 100% refundable, unconditional and untouchable by the project developers.
A national survey conducted by Léger Marketing in Quebec in 2022 revealed that 56% of adult Quebecers would be interested or very interested in renting a cottage (or condotel) on the edge of a geoLAGOON to enjoy the outdoor swimming experience. The same survey revealed that the adult population of Montreal (CMA) is particularly enthusiastic about geoLAGOON projects. In fact, in this region, which accounts for around 50% of the province's population, 62% of adults would like to experience geoLAGOON (27% said they were very interested and 35% said they were somewhat interested). That's almost 2 out of 3 adults in this area who would like to visit the geoLAGOON!
Rather than building a private swimming pool and spa for each chalet, we decided to build a large thermal pool that will be owned and operated by a third-party corporation. The costs associated with the lagoon will therefore not be borne by the owners of the chalets or condotels. This one-metre-deep pool will be operated in the open air for around 9 hours a day, since thanks to an ingenious system it will empty into a sub-tank each evening and refill the next day to prevent heat loss during the night. The lagoon's commercial ticketing operations will be handled by a company managed by our founder Louis Massicotte, a tourism sector stakeholder and former CEO of Village Vacances Valcartier, Hôtel de Glace and Calypso Park in Ontario.
MORE INFORMATION AND TECHNICAL DETAILS
Over the past several years, the founder of geoLAGOON Inc. has developed a patent-pending technology and renewable energy method that integrates the production of solar energy, shallow geothermal energy and a small contribution from biomass, combined with a large, unique heat storage reservoir located in the middle of each village.
GeoLAGOON's approach, which uses non-polluting natural energies, would demonstrate exemplary energy sobriety in relation to Quebec's national hydroelectric grid, all thanks to an innovative solar self-generation strategy.
Contrary to what some people may think, the geoLAGOON, which is inspired by the famous Blue Lagoon pool in Iceland, does not require digging 2,000 metres deep or being located in a volcanic zone. Supplied by rainwater, the geoLAGOON will essentially benefit from renewable energies that are self-generated on site, with no discharge into the environment. It's important to note that the major differences between the Quebec geoLAGOON and the Blue Lagoon swimming pool in Iceland are fundamental. For example, the geoLAGOON will be in operation 9 hours a day. What's more, the geoLAGOON's energy ecosystem aims to heat its pool using solar energy (31%), shallow geothermal energy (35%) (150 to 200 metres compared with a 2 km deep borehole as in Iceland) and a small contribution (11%) of biomass produced from plant waste. The heat storage tank will provide 23% of the supply.
Finally, electricity from photovoltaic solar energy will power the heat pumps that are essential to geothermal energy. In other words, the geoLAGOON will offer similar results to the Blue Lagoon by also using natural energy sources, but with a technology that avoids the need for deep drilling. Above all, this ingenious ecosystem is designed to heat or cool the entire village.
HOMES OF THE FUTURE THAT GENERATE ELECTRICITY
Although the national hydro grid will be available on site should the need arise, one of the keys to generating electricity in the geoLAGOON village concept is that the exterior walls of each house in the village will be covered with a high-performance solar cladding that incorporates photovoltaic cells (known by the acronym BIPV /Buildings Integrated PhotoVoltaics), without compromising on design, and which will provide the electricity needed to heat the reservoir and its lagoon. And conversely, in an infinite model that can be described as circular, the thermal reservoir will heat and cool the houses.
After reviewing all the BIPV producers and solar panel manufacturers on the international markets, geoLAGOON chose to enter into a collaboration agreement with MITREX, which operates a unique, state-of-the-art automated factory near Toronto, Canada. Mitrex is the world's largest manufacturer of durable facades. In addition to its Canadian plant, Mitrex has announced plans for a new 400,000 sq ft factory in the US to manufacture solar products with a production capacity of 2.5 GW.
A mix of natural energies and a central heat accumulator: This is the technological model exclusive to geoLAGOON villages, which aims to create villages that are 100% powered by a circular energy ecosystem, in infinite mode and self-sufficient.
In the summer of 2022, geoLAGOON worked with the INRS (Institut national de la recherche scientifique) to carry out a GEOLOGICAL CONTEXT ASSESSMENT of an initial site in Charlevoix, Quebec, to define the type of heat exchangers that could be used. One of the options proposed was shallow heat exchangers with a depth limited to 150 to 200 meters. The environmental impact of the system remains low because most of the infrastructure is underground. These would be ground-coupled heat pumps that operate in a closed loop and have no impact on groundwater, as no water is withdrawn.
Finally, another engineer's report also validated in a preliminary way through numerous calculations that the dwellings in the geoLAGOON villages could aim to generate a form of self-sufficiency in water and that they could save more than 80% of the water drawn from the ground (up to 95%) compared with traditional houses. In fact, the water management strategy envisaged would exclude the presence of baths in the homes (there would only be controlled-pressure showers) and would include rainwater harvesting, recycling and filtering of shower water ad infinitum by heating it in a network thanks to the reservoir. According to the preliminary assessment, this strategy would allow us to draw from the ground only 5 to 13% of the water that a traditional house draws.
By autumn 2022, geoLAGOON had gained international exposure, resulting in nearly 300 articles published in some 30 languages, including an article published by the American Society of Civil Engineers (ASCE) magazine under the pen of its editor-in-chief announcing the creation of energy self-sufficient villages to be built in Canada (https://www.asce.org/publications-and-news/civil-engineering-source/civil-engineering-magazine/article/2022/10/energy-self-sufficient-lagoons-and-villages-set-to-be-built-in-canada).
In the 4 target regions in Quebec, each holiday village with geolagoon will be built on land already specifically earmarked for tourist attractions and accommodation. The process of preparing the documents and studies for the permit applications is underway in 2 of the 4 regions and we will take all the time necessary to complete this stage successfully.
Ultimately, we believe that every community hosting a geoLAGOON has the opportunity to support and encourage the use of renewable energy in the attractions industry, an energy-intensive sector that urgently needs viable examples of a new clean model.
A SIMPLE PRE-BOOKING MECHANISM
You can pre-reserve a priority row by providing a credit card pre-authorisation of only $500 (this sum will not be debited) and undertaking to pay the notary $5,000 in trust within 10 days. If the notary does not receive this symbolic payment within 10 days, your reservation will be cancelled and your row will be offered to another potential buyer.
In view of market conditions, provisional prices may vary depending on the cost and availability of materials and the options you choose. Details will be available from the appointed builder.
On the edge of the lagoon, you can pre-reserve at prices ranging from $599,000 for a chalet condo to $1.5 million for an entire double chalet (two units connected by a connecting door).
A chalet condo would represent a 3-bedroom floor. This model is also available in rows or 3 storeys in some locations.
PRELIMINARY PRICE DETAILS According to our draft plans, which call for approximately 1000 SF per floor, the ground floor would consist of 3 bedrooms (including an alcove) and two shower rooms, plus a basement with 3 bedrooms and a shower room. Ground floor: Estimated price starting at $899,000, plus taxes and furnishings.
A second-storey condo-chalet with a large terrace, 3 bedrooms (including an alcove) and two shower rooms.
FLOOR: Estimated price starting at $599,000, plus taxes and furnishings.Depending on inventory, it is still possible to pre-book an entire double chalet. DOUBLE CHALET: Price starting at $1,499,000, plus taxes and furnishings. All prices and descriptions are estimates only. Register if you wish to obtain a priority ranking without obligation. Given market conditions, projected prices may vary depending on the cost and availability of materials at the time the project goes ahead.