Supermarkets' vertical veggies
Online supermarket Ocado is pumping £17m into vertical farming. The company is forming a three-way joint venture – Infinite Acres – along with agricultural specialists 80 Acres Farms and Priva Holding, and has also picked up a majority stake in the UK’s Jones Food Company, Europe’s largest vertical farm, which produces leafy greens and herbs for UK customers.
And Infinite Acres has already gone international, having just inked a deal with Chinese horticultural firm Orisis to develop what will be the first indoor vertical farm in Shanghai region.
Orisis says the 1,600 square-metre grow zone farm, which will get its energy from Philips LED lighting, will demonstrate indoor food-growing possibilities in densely-populated urban locations.
VERTICAL FARMING UPDATE: In the UK, energy supplier Octopus has just launched new tariffs for the vertical farming industry with the aim to cutting costs by up to 12%. The tariffs enable farms to hook up with energy pricing at 30-minute intervals so they can avoid peak demand times.