MERIDEN, NEW HAVEN: The South Central Connecticut Regional Water Authority (RWA) announced a $500,000 investment in Meriden-based Trifecta Ecosystems.
The RWA said the investment will “bring innovative, sustainable farming and new economic growth to the Greater New Haven region.”
The RWA will, allow Trifecta them “to establish a regional aquaponics program in the Greater New Haven Region.” The indoor farming company uses Aquaponics systems that combine aquaculture – the raising of aquatic animals such as fish – with hydroponics – the growing of plants in water – in symbiotic, climate controlled environments.
RWA says, “these efficient, compact farms are designed to ensure that families living in cities and other population centers have access to fresh, affordable, and healthy produce.”
Trifecta Ecosystems explained its mission saying it “is enabling a new generation of farmers.” Among its products “a fully modular aquaponics farm capable of feeding at least 150 people per week, software to empower farmers to sell their produce, and smaller gardens and growing stations designed for schools and households.”
“The RWA is excited to support meaningful innovations, like aquaponics, that help fuel our company’s non-core revenue stream to benefit our customers and boost regional economic growth,” said RWA President and CEO Larry Bingaman. “We believe the science of aquaponics holds real potential for Connecticut in addressing land management issues and overcoming resource challenges facing traditional agriculture. Trifecta Ecosystems has offered strong solutions and a readiness to expand into the New Haven region.”
“The RWA’s support will allow us to invest in a new aquaponics system site in the New Haven region that will combine food production, aggregation, processing, research, and workforce training at integrated locations, helping pave the way for statewide adoption,” said Spencer Curry, Trifecta Ecosystems co-founder and CEO. “This investment will allow our company to continue towards our mission of creating the City that Feeds Itself, by providing communities the tools they need to grow their own food, cost effectively, scalably, and repeatedly.”
RWA’s explaining the unusual investment, “the business venture with Trifecta Ecosystems is part of the nonprofit corporation’s continuing efforts to identify new lines of business that generate additional revenue to reduce rate pressure on its customers. For several years, the RWA has worked with local and state elected officials, environmental groups and community organizations to make changes to the enabling legislation that governs what the RWA can do as an organization. In 2017, legislation was passed in Connecticut that permits the RWA to conduct and invest in appropriate non-core business activities, including agriculture, to generate income and offset future water rate increases.”
The South Central Connecticut Regional Water Authority (RWA) is a nonprofit corporation that delivers to almost 430,000 people in 15 cities and towns throughout Greater New Haven. It says it is a “conscious business,” and acts as a “responsible steward of the environment by protecting the more than 27,000 acres of watershed land it owns and promoting sustainable practices.”