Vertical farming technology is advancing despite the lack of profits. Technological advances have enabled year-round crop production in small spaces. However, operational costs remain high, hindering profitability.
Investors are confident in the potential of vertical farms to disrupt traditional agriculture, despite current financial challenges. Companies such as Plenty and Bowery have attracted significant funding.
The future success of vertical farming hinges on the cost of electricity. Lowering energy costs could offer a path to profitability. Innovations in LED lighting, automation, and climate control are crucial elements towards achieving this goal.
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