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Vertical Farming Growth Accelerated by Coronavirus
Vertical farms utilize indoor growing facilities that leverage artificial light, reduce dependency on synthetic chemistry and other crop inputs, optimize water use, and allow food growth in challenging environments with limited arable land
August 14, 2020
The coronavirus pandemic has disrupted the traditional U.S. food and agriculture supply chain, providing a potential growth opportunity for vertical farms.
One recent deal made in the space involves Singapore-based Temasek Holdings Pte and Bayer AG forming a new company called Unfold, which will develop seeds for vertical farms.
Unfold raised $30 million in an initial funding round and entered into an agreement for certain rights to germplasm—the genetic material from which plants grow—from Bayer's vegetable portfolio, according to the two firms. By utilizing the germplasm from vegetable crops, Unfold will focus on developing new seed varieties coupled with agronomic advice tailored for the unique indoor environment of vertical farms.
The venture will focus on innovation in vegetable varieties with the goal of lifting the vertical farming space to the next level of quality, efficiency, and sustainability.
"The investment in Unfold is a great example of a transformative, creative approach to developing agricultural products that meets the needs of consumers, farmers, and the planet by increasing access to fresh fruits and vegetables, supporting sustainably grown, hyperlocal production, and addressing food security challenges faced by growing urban populations,” said Jürgen Eckhardt, MD, head of Leaps by Bayer, which was built to drive fundamental breakthroughs in the fields of health and agriculture through new technologies.
Vertical farms utilize indoor growing facilities that leverage artificial light, reduce dependency on synthetic chemistry and other crop inputs, optimize water use, and allow food growth in challenging environments with limited arable land. They also help crops grow quicker, enabling the reliable growth of fresh, local produce anywhere and at anytime by utilizing less space and fewer natural resources while reducing the need for food logistics and transportation.
In July, vertical farming company Kalera announced it will open a state-of-the-art growing facility in Houston, TX, during spring 2021. The Houston facility will be the largest vertical farming facility in the state.
The new facility was introduced just two months after Kalera revealed it will be opening a new facility in Atlanta in early 2021—an announcement that took place less than two months after it opened its second Orlando, Florida farm. The Houston facility will be even larger than the Atlanta one, which is slated to be the highest production vertical farm in the Southeast.
“In light of the global pandemic and seemingly endless food safety recalls, today, more than ever, consumers are demanding food that is local and that they can trust, said Daniel Malechuk, CEO of Kalera. “Houston presents Kalera with a wonderful market for our produce, as it allows us to not only supply one of the largest cities in America, but also service cities throughout the region including Dallas-Fort Worth, Austin, San Antonio, and New Orleans." Kalera’s lettuce from the Houston farm will be available at retailers and foodservice distributors.
Meanwhile, Greenswell Growers will invest $17 million to open a hydroponic greenhouse in Goochland, VA, reported Richmond Times-Dispatch (Aug. 11). The facility will reportedly produce 28 times more product per acre than a traditional growing operation, and the company expects to yield about 3.7 million-lbs. of leafy greens, which it will distribute throughout the Mid-Atlantic region.
“Greenswell Growers is proud to bring our large-scale indoor growing facility to Goochland where we will provide delicious, safe, and sustainably grown leafy greens that are good for our community," said founder Chuck Metzgar.
In Scotland, indoor agritech specialist ISG completed a deal with vertical farming operator Vertegrow to build the first commercial vertical farm in the country. This is the first move into vertical farming for Vertegrow, diversifying alongside existing agricultural operations, currently growing crops including barley and rye in open fields.
The towers, which are expected to be operational in early 2021, will grow a variety of crops that are intended to service the local food supply chain. Vertegrow will work with a range of local customers including retailers, caterers, restaurateurs, and other local services, to deliver produce all year round.
The four-tower system will be built in Aberdeenshire in Scotland later this year.
To listen to The Food Institute's webinar featuring AeroFarms, a leader in indoor vertical farming, click here.
About the Author
Victoria Campisi
The Food Institute
Victoria writes for the biweekly Food Institute Report, the daily Today in Food updates, and the Foodie Insider daily newsletter for consumers. She graduated from Montclair State University with a B.A. in Journalism and has a background in Nutrition and Food Science. Victoria can be reached through her email at victoria.campisi@foodinstitute.com.
IGS Completes Deal With Vertegrow to Build Scotland’s First Commercial Vertical Farm
A 245 m2 insulated superstructure will accommodate four nine-metre-high towers alongside a 1,600 m2 service area on Vertegrow’s site at Waterside Farm in Aberdeenshire. This will provide approximately 1,343 m2 of growing space, producing up to 70 tonnes of produce per annum when fully operational
New Vertical Farming Operator to Adopt IGS Agritech
Platform in Scotland
Edinburgh, Scotland – 08 July 2020 - Indoor agritech specialist IGS has today announced the completion of a deal with new vertical farming operator Vertegrow. The four-tower system will be built in Aberdeenshire in Scotland in late 2020.
A 245 m2 insulated superstructure will accommodate four nine-metre-high towers alongside a 1,600 m2 service area on Vertegrow’s site at Waterside Farm in Aberdeenshire. This will provide approximately 1,343 m2 of growing space, producing up to 70 tonnes of produce per annum when fully operational.
This is the first move into vertical farming for Vertegrow, diversifying alongside existing agricultural operations, currently growing crops including barley and rye in open fields.
Vertegrow was established through Steadman Partners, the UK-based private investment office set up by BrewDog co-founder Martin Dickie. Located in Scotland, Steadman Partners has a wide range of interests and investments throughout the UK and beyond.
The IGS platform was selected after a rigorous analysis of the market and considered to be the most advanced, efficient, and scalable to meet Vertegrow’s requirements. The plug-and-play vertical farming product developed by IGS offers them a highly controllable platform, designed specifically to maximize productivity whilst minimizing energy consumption and allowing the production of consistently high-quality produce at scale.
The towers, which are expected to be operational in early 2021, will grow a variety of crops that are intended to service the local food supply chain. Vertegrow will work with a range of local customers including retailers, caterers, restaurateurs, and other local services, to deliver fresh, nutritious, high-quality produce all year round.
IGS CEO David Farquhar commented: “This is an exciting step for IGS and for Vertegrow as we set out to deploy a new vertical farm for a new operator in this space. With proven experience in traditional farming and extensive involvement, through its owners, in the food and drink sector, we are confident that this will bring a new and top-quality offering to the local market. Such re-localization of the food supply chain is a feature of post-coronavirus planning we are seeing all over the world.”
“We were delighted that the IGS platform was selected for this project. It is proof that our rigorous commitment to engineering design excellence and our unique patented systems deliver what customers want – a system that is highly pragmatic, flexible, modular, and scalable. We look forward to getting underway with the deployment of our Growth Towers with the Vertegrow team.”
Graeme Warren, of Vertegrow commented: “Vertegrow is delighted to be working with IGS on this innovative project as we position our farm business to address the challenges of the modern food supply chain. We have spent considerable time identifying the right partners and systems, and the IGS platform stood out as a quality solution that could be configured for our needs. Growing quality, nutritious food in North East Scotland will allow us to reduce food miles for our customers. Combined with our renewable energy sources and rainwater harvesting, the efficiency of the IGS system is a key part of our ambition to grow crops in a carbon-neutral way. We look forward to continuing to work with IGS as we construct the facility later this year.”
The team at IGS will continue to work closely with its new customer in the construction and deployment phases over the coming months.
Ends
Notes to editors:
For more information: please contact Kate Forster, IGS on kate@intelligentgrowthsolutions.com or call +44 7787 534999.
About IGS:
Founded in 2013, IGS brought together decades of farming and engineering experience to create an agritech business with a vision to revolutionize the indoor growing market. Its commitment to innovation has continued apace and it has evolved the applications of its technology beyond agriculture to create solutions for a wide variety of indoor environments that enhance life for plants.
IGS launched its first vertical farming demonstration facility in August 2018.
For more information visit www.intelligentgrowthsolutions.com or connect with us on Twitter and LinkedIn.
About Vertegrow
Vertegrow represents the indoor growing arm of an existing productive arable farm in North East Scotland. It is committed to producing high-quality food sustainably, responsibly, and ultimately in a carbon-neutral way. Vertegrow expects to sell its first crops in early 2021 and then to expand and improve its crop range through research and development.
More information will be available from www.vertegrow.com as the facility approaches completion. Connect with us on Twitter, Instagram or contact hello@vertegrow.com