Aglow Power is excited to announce the formation of Red Spruce Holdings, Inc., our own vertically integrated real-estate company with focus on industrial space and energy-generation assets. Red Spruce Industrial Park is a multi-facility investment strategy that will begin breaking ground in 24Q4 and is being developed and leveraged by Aglow's leadership through an assets consolidation move between all three co-owners; Van Cunha, Ed Cunha, and Jay Cunha. This strategy will allow Red Spruce Holding to leverage assets and liquidity to a projected sum of $33.2M, pending final residential portfolio exit currently being negotiated. Red Spruce has not released final investment strategy, but it is expected to purchase and pre-permit five to six land parcels between Massachusetts, New Hampshire, and Connecticut to immediately design/build microgrids in underserved regions while paving the way for future development. Microgrids and infrastructure development is the first phase of developing a sustainable industrial park, and will immediately provide cash-intensive revenue to fund next phases. 

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Red Spruce Industrial Park Concept.