The Moon's First Lunar Colony - Serenity Base

• The aim of Serenity Base is to establish a requirement for the development of habitational modules for future business growth
• The main aim of Serenity Base would be to establish a permanent base on the moon that can operate at around 95% self efficiency by having its own source of food, energy and water and that can help to perform a variety of activities.
• The development of Serenity Base would start as an exploration and research station. Later development of the base would involve the integration of processing facilities and manufacturing capabilities that will help to create resources required for various construction and development activities and allow the base to be more self sustainable. 
• The primary focus of Serenity Base would be the search for water and establish what minerals are present within the area. Serenity Base would then be developed to carry out small mining excursions and process the water into usable products. 

• Currently there are only planned conceptual ideas of Moon bases and ideas to return humans to the moon.
• Currently no operational habitable modules/bases located on the Moon. 
• Mars exploration missions (Mars Lab & Insight) have cost around $ 500 Million/ton to develop and that was just for scientific equipment with no Habitation requirements, 
• Near future developments such as Bigalow BA330 Expandable habitats are still expected to cost $150 million/330 m3/month to lease when made available,
• Based on past rocket launches the 5 year average growth has only been around 3%. A new revenue stream will be created to help growth in the space launch industry and related fields.

There are several disadvantages to the Moon as a colony site:

1. The long lunar night would impede reliance on solar power and require that a colony exposed to the sunlit equatorial surface be designed to withstand large temperature extremes (about 95 K (−178.2 °C) to about 400 K (127 °C)). An exception to this restriction are the so-called "peaks of eternal light" located at the lunar north pole that are constantly bathed in sunlight. The rim of Shackleton Crater, towards the lunar south pole, also has a near-constant solar illumination. Other areas near the poles that get light most of the time could be linked in a power grid. The temperature 1 meter below the surface of the Moon is estimated to be near constant over the period of a month varying with latitude from near 220 K (−53 °C) at the equator to near 150 K (−123 °C) at the poles.
2. The Moon is highly depleted in volatile elements, such as nitrogen and hydrogen. Carbon, which forms volatile oxides, is also depleted. A number of robot probes including Lunar Prospector gathered evidence of hydrogen generally in the Moon's crust consistent with what would be expected from solar wind, and higher concentrations near the poles.There had been some disagreement whether the hydrogen must necessarily be in the form of water. The 2009 mission of the Lunar Crater Observation and Sensing Satellite (LCROSS) proved that there is water on the Moon. This water exists in ice form perhaps mixed in small crystals in the regolith in a colder landscape than people have ever mined. Other volatiles containing carbon and nitrogen were found in the same cold trap as ice. If no sufficient means is found for recovering these volatiles on the Moon, they would need to be imported from some other source to support life and industrial processes. Volatiles would need to be stringently recycled. This would limit the colony's rate of growth and keep it dependent on imports. The transportation cost of importing volatiles from Earth could be reduced by constructing the upper stage of supply ships using materials high in volatiles, such as carbon fiber and plastics.[citation needed] The 2006 announcement by the Keck Observatory that the binary Trojan asteroid 617 Patroclus, and possibly large numbers of other Trojan objects in Jupiter's orbit, are likely composed of water ice, with a layer of dust, and the hypothesized large amounts of water ice on the closer, main-belt asteroid 1 Ceres, suggest that importing volatiles from this region via the Interplanetary Transport Network may be practical in the not-so-distant future. However, these possibilities are dependent on complicated and expensive resource utilization from the mid to outer Solar System, which is not likely to become available to a Moon colony for a significant period of time.
3. It is uncertain whether the low (~ one-sixth g) gravity on the Moon is strong enough to prevent detrimental effects to human health in the long term. Exposure to weightlessness over month-long periods has been demonstrated to cause deterioration of physiological systems, such as loss of bone and muscle mass and a depressed immune system. Similar effects could occur in a low-gravity environment, although virtually all research into the health effects of low gravity has been limited to micro gravity.
4. The lack of a substantial atmosphere for insulation results in temperature extremes and makes the Moon's surface conditions somewhat like a deep space vacuum.[citation needed] It also leaves the lunar surface exposed to half as much radiation as in interplanetary space (with the other half blocked by the Moon itself underneath the colony), raising the issues of the health threat from cosmic rays and the risk of proton exposure from the solar wind. Lunar rubble can protect living quarters from cosmic rays. Shielding against solar flares during expeditions outside is more problematic.
5. When the Moon passes through the magnetotail of the Earth, the plasma sheet whips across its surface. Electrons crash into the Moon and are released again by UV photons on the day side but build up voltages on the dark side. This causes a negative charge build up from −200 V to −1000 V. See Magnetic field of the Moon.
6. The lack of an atmosphere increases the chances of the colony's being hit by meteors. Even small pebbles and dust (micrometeoroids) have the potential to damage or destroy insufficiently protected structures.
7. Moon dust is an extremely abrasive glassy substance formed by micrometeorites and unrounded due to the lack of weathering. It sticks to everything, can damage equipment, and it may be toxic. Since it is bombarded by charged particles in the solar wind, it is highly ionized, and is extremely harmful when breathed in. During the 1960s and 70s Apollo missions, astronauts were subject to respiratory problems on return flights from the Moon, for this reason.
8. Growing crops on the Moon faces many difficult challenges due to the long lunar night (354 hours), extreme variation in surface temperature, exposure to solar flares, nitrogen-poor soil, and lack of insects for pollination. Due to the lack of any atmosphere on the Moon, plants would need to be grown in sealed chambers, though experiments have shown that plants can thrive at pressures much lower than those on Earth. The use of electric lighting to compensate for the 354-hour night might be difficult: a single acre of plants on Earth enjoys a peak 4 megawatts of sunlight power at noon. Experiments conducted by the Soviet space program in the 1970s suggest it is possible to grow conventional crops with the 354-hour light, 354-hour dark cycle. A variety of concepts for lunar agriculture have been proposed, including the use of minimal artificial light to maintain plants during the night and the use of fast-growing crops that might be started as seedlings with artificial light and be harvestable at the end of one lunar day.
9. One of the less obvious difficulties lies not with the Moon itself but rather with the political and national interests of the nations engaged in colonization. Assuming that colonization efforts were able to overcome the difficulties outlined above – there would likely be issues regarding the rights of nations and their colonies to exploit resources on the lunar surface, to stake territorial claims and other issues of sovereignty which would have to be agreed upon before one or more nations established a permanent presence on the Moon. The ongoing negotiations and debate regarding the Antarctic is a good case study for prospective lunar colonization efforts in that it highlights the numerous pitfalls of developing/inhabiting a location that is subject to the claims of multiple sovereign nations.