Vertical farming company Eden Green Technology announced this week it has raised $12 million from existing investment partners and broken ground on a new greenhouse in the Dallas-Ft. Worth area. The new farm is located news next to Eden’s R&D center, and will produce about 500 tons of leafy greens annually, the company said in a press release.
Eden’s approach to controlled-environment agriculture is unusual in that it combines elements of both vertical farming and greenhouse growing. While plants are powered by a vertical hydroponic vine system (see image above), the farm relies largely on the sun for light, rather replicating sunlight with LEDs, as most large-scale vertical farming companies do. Accompanying software, what the company calls its “micro-climate technology,” controls humidity and temperature levels for each plant.
Besides building a farm in the Dallas-Ft. Worth area, Eden also licenses its farms out as “turnkey” options for food producers, retailers and even whole cities. The 1.5-acre farms can grow a variety of leafy greens and herbs, strawberries, peppers, tomatoes, and cucumbers, among other produce types. Eden says each farm can yield between 11 and 13 harvests each year, depending on produce type. The company manages the construction of each farm as well as staff training and technology customization.
The vertical farming industry is right now split between commercial-scale farms like Plenty and AeroFarms, and those companies like InFarm or Babylon Microfarms, which are more focused on selling or licensing their hardware and software to other companies.
Eden Green Technology sits somewhere between those two areas, since it produces its own greens but also sells its technology to other organizations. The company’s use of sunlight rather than LEDs is another factor that sets it apart in the vertical farming industry.
The company said in this week’s press release that it plans to expand its partnerships beyond Texas, to new locations both domestically and internationally. So far, more than 20 of these partnerships are predicted to be in place by 2024.
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