From an ag-tech startup named Plenty, a 2-acre vertical farm produces yields that would normally require a 720-acre ‘flat farm’—and it can be done with 95% less water.
Saving water is critical in an agricultural state like arid California, where Plenty is set to supply fresh produce for 430 Albertsons grocery stores.
The vision is truly one out of Star Trek, with Plenty’s use of robotics and artificial intelligence to ensure perfect plants year round.
The reasons to support indoor vertical farming are varied, ranging from climate-related benefits to removing cumbersome logistical challenges like long-distance transportation.
The company’s website says the technology “frees agriculture from the constraints of weather, seasons, time, distance, pests, natural disasters, and climate” that makes GMO-free nutrient-rich plants at scale with “extraordinary flavor.”
Perhaps that is why Driscoll’s, America’s largest fresh berry farmers, have agreed to grow their strawberries year-round in Plenty’s expanding portfolio of vertical farms.
And investors are seeing the potential of seeding their own portfolios with Plenty.
The company’s method for growing greens, like baby kale and lettuce, on giant vertical racks moved around by robotics recently garnered $400 million in investment capital from the likes of SoftBank, Amazon CEO Jeff Bezos, and former Google chairman Eric Schmidt.
Reductions in transportation chains would eliminate millions of tons of CO2 every year, since instead of importing produce into city centers from farms across the country or the world, you could order it from a warehouse on the edge of town.
Furthermore, Plenty’s farms grow non-GMO crops without the use of pesticides or herbicides, and recycle every drop of water that’s not used, making them extremely friendly to the environment—except for their power usage.
Bathed in sun-mimicking LED lights in climate-controlled spaces year round, the farm ensures veggies grow at an astounding rate, which produces 350-times more food per-acre.