Jun 11, 2019

Ocado invests £17m in 'vertical' farms

Ocado has invested £17m in developing so-called "Vertical" farms. One is a joint venture with 80 Acres, a US vertical farm business, and Priva, a Dutch firm that provides climate control technology. Ocado's chief executive Tim Steiner said he wanted vegetables grown on the farms to be delivered to kitchens within an hour of being picked. Vertical farming involves producing food indoors, with crops grown on a series of stacked levels in a controlled environment. Jones Food, Europe's largest vertical farm, has more than 16,000 feet of indoor growing area, lit by 7.45 miles of LED lights, which means it can produce crops throughout the year.

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