Venture Capital: Vertical Farming Company Bowery Opens Latest Farm In Bethlehem, Pennsylvania
It’s Bowery’s largest, most technologically advanced and sustainable commercial smart farm.
Bowery’s new vertical farm stands on a brownfield site that was part of Bethlehem Steel’s operations. It will create 70 new jobs in the area, and is strategically located to be able to provide locally grown and pesticide free produce to millions of people in the Northeast of America. Bowery is the largest vertical farming company in the country.
Inside the 156,000 square foot building, which looks from the outside like a warehouse and sits on nine acres, Bowery will grow fresh produce including leafy greens such as lettuce.
The high tech farm has these attributes:
- powered with 100% renewable energy
- features 15% more efficient LED lighting
- a state-of-the-art water recapture and filtration system custom-built to harness even the water that is transpired from the plants
- the proprietary BoweryOS, combined with farm design, custom hardware, AI, data and robotics increases the speed of farm operations and processing allowing the company to continue to grow more food smarter.
As on date Bowery has raised more than $647 million.
For the second year in a row, the company is likely to double its revenue in 2022.
It has a target to double the number of its farms by 2023, and is currently building two additional farms in the Atlanta, Georgia, and Dallas, Texas, metropolitan regions.
“If we’ve learned anything from the past two years it is that we are in a period of unprecedented disruption and uncertainty across our climate and geopolitical circumstances, which unfortunately is going to persist. We are also seeing firsthand that our global food system is inextricably tied to these dynamics,” said Irving Fain, Founder and CEO, Bowery Farming. “At Bowery, wherever food is needed, we can grow it.”
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