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Cromby Innovation Center

Phoenixville,  PA.

A former Exelon 400 MW plant, Cromby Station was acquired by the 98six° team in 2019.  Demolition of the former Cromby Station plant was completed in 2021, with ongoing work, including environmental remediation and construction, continuing into 2022. 

The complete reuse plan guiding the redevelopment of Cromby takes advantage of the site's 33 kV, 66 kV and 132 kV substations as well as multi-carrier fiber access to support light industrial and renewable energy applications, catering to energy storage, data processing and vertical agriculture in addition to possible residential use.

Investment Overview

Acquired in 2019, The Cromby Innovation Center is a prime industrial impact investment with unique access to clean nuclear power connectivity.

  • Impact offset of 1.31 Billion Pounds CO2 Eliminated Annually
  • Existing commercial lease income in place with long term tenant commitment
  • 50MW of additional power coming online with the selection a credit tenant
  • A target IRR of 35%
  • A target return on invested capital of 3X

Documents

Investment Status

Open

Property Type

Former Coal Power Plant

Carbon Impact

1.31 Billion Pounds CO2 Eliminated Annually

Current Usage

Solar, Data Center, Logistics

Clean Power Output

50 MW

Property Features

Rail, Highway, Waterfront

Tenant Opportunities

3PL, Edge Data, Green Blockchain

Multiple Parcels

115 Acres

Riverfront

6,450 ft. Schuylkill River frontage


Image
Image
Image

Cromby Innovation Center

Phoenixville,  PA.

A former Exelon 400 MW plant, Cromby Station was acquired by the 98six° team in 2019.  Demolition of the former Cromby Station plant was completed in 2021, with ongoing work, including environmental remediation and construction, continuing into 2022. 

The complete reuse plan guiding the redevelopment of Cromby takes advantage of the site's 33 kV, 66 kV and 132 kV substations as well as multi-carrier fiber access to support light industrial and renewable energy applications, catering to energy storage, data processing and vertical agriculture in addition to possible residential use.

Investment Overview

Acquired in 2019, The Cromby Innovation Center is a prime industrial impact investment with unique access to clean nuclear power connectivity.

  • Impact offset of 1.31 Billion Pounds CO2 Eliminated Annually
  • Existing commercial lease income in place with long term tenant commitment
  • 50MW of additional power coming online with the selection a credit tenant
  • A target IRR of 35%
  • A target return on invested capital of 3X

Documents

Investment Status

Open

Property Type

Former Coal Power Plant

Carbon Impact

1.31 Billion Pounds CO2 Eliminated Annually

Current Usage

Solar, Data Center, Logistics

Clean Power Output

50 MW

Property Features

Rail, Highway, Waterfront

Tenant Opportunities

3PL, Edge Data, Green Blockchain

Multiple Parcels

115 Acres

Riverfront

6,450 ft. Schuylkill River frontage