Latest news with #verticalfarming
Yahoo
14-07-2025
- Business
- Yahoo
A Jeff Bezos Investment Just Became a Bargain, but Is It Worth It?
Farming is a critical industry all around the world. After all, no farms mean no food. As the world's population inevitably grows, there's a need to get inventive about how to grow and produce food, and some investors are looking to revolutionize the vertical farming industry. Read Next: For You: One company, Plenty Unlimited Inc., is leading the charge in not only this area but also in innovative plant sciences. Its mission is to revolutionize farming by focusing on growing produce vertically in controlled, indoor farming environments. It aims to use less land and water to grow food while also mitigating the impacts of climate-related extreme weather events on crops. The ideal end result is fresh, pesticide-free food that's healthier for consumers and the planet. Plenty has garnered a lot of support and raised significant funding from many financial backers, but perhaps none more notorious than Amazon founder Jeff Bezos. Plenty has already been around for more than a decade, but it has had difficult times recently. Here are some key takeaways: Plenty Unlimited is a private company, so its stock is not publicly traded and does not have a ticker symbol. It is not possible to buy or sell shares of Plenty stock on major stock exchanges like the NYSE or Nasdaq. However, accredited investors can potentially buy pre-IPO shares through platforms like EquityZen. Plenty Unlimited has raised approximately $941 million in funding from investors like Innovation Endeavors, DCVC, Western Technology Investment and SoftBank It currently has a $1.43 billion valuation. Plenty filed for Chapter 11 bankruptcy on March 23, 2025, but they successfully emerged from Chapter 11 bankruptcy on May 29, 2025, after the U.S. Bankruptcy Court for the Southern District of Texas confirmed their reorganization plan. Current inventors may be at risk of losing significant capital, as the future of the company is unclear and there's really no telling whether Plenty will perform well in the future. Bezos, with his current estimated net worth of $233 billion, is not only the fourth richest man in the world, but he's also a large financial backer in this new-age farming trend. Learn More: Nothing is certain in the investing world, but you should probably hold off on investing in Plenty — at least for now. Unlike big technology companies or pharmaceutical companies, or you know, one of the richest men in the world, you don't have the extra money to invest in any new whim. However, it's crucial to always do your research and due diligence before investing in any company and follow your gut. Additionally, it's important to evaluate your risk tolerance. Early investing in startups may come with more inherent risks versus investing in companies with decades long track records of consistent growth and market performance. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Luxury SUVs That Will Become Affordable in 2025 Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on A Jeff Bezos Investment Just Became a Bargain, but Is It Worth It?
Zawya
13-07-2025
- Business
- Zawya
Markaz sponsors vertical farming facility at The English School to empower future environmental leaders
Kuwait – Kuwait Financial Centre 'Markaz' announces its sponsorship of an innovative educational initiative in partnership with The English School (TES), providing students with hands-on, experiential learning opportunities in sustainable agriculture and its applications through vertical farming inside the school. The sponsorship reflects the 'building human capacity' pillar of Markaz's corporate social responsibility (CSR) strategy by equipping students with future-ready skills, fostering environmental responsibility and developing the knowledge and critical thinking skills needed to confront global challenges through localized solutions. The initiative offers students the opportunity to explore vertical farming through a school-based facility designed for indoor sustainable agriculture. It introduces them to the types of crops that can be cultivated through these systems and explains how they can help address food security challenges. In doing so, the project also demonstrates the wider potential of vertical farming as a sustainable and cost-effective solution for future food production. Highlighting the significance of the project, Senior Vice President of Corporate Communications at Markaz, Ms. Sondos Saad, said: 'We are proud to partner with The English School on this impactful initiative, which introduces students to practical approaches to vertical farming. It reflects our firm belief that education rooted in real-world engagement is key to enabling the next generation of changemakers. By raising environmental awareness and promoting responsible resource use, this project encourages students to think innovatively about how local initiatives can drive global impact." Ms. Alison Peterson, TES Principal stated: "Thanks to the sponsorship of Markaz. Our fantastic vertical farming facility will be an integral part of the education process. This project reflects curiosity, responsibility, and a deeper understanding of how science, technology, and care for the planet all connect. In this space, our students won't just learn about photosynthesis from a textbook, they'll see it in action. In a world facing growing environmental challenges, vertical farming offers a glimpse into the future of agriculture, a future that TES students will help shape." Rooted in Markaz's ESG-driven approach to long-term value creation, this initiative demonstrates how the company translates its sustainability strategy into meaningful, community-based partnerships. It also reaffirms Markaz's commitment to advancing key United Nations Sustainable Development Goals, specifically Goal 4: Quality Education, Goal 12: Responsible Consumption and Production, and Goal 13: Climate Action, by embedding these global principles into innovative educational models. The collaborative effort builds on a broader portfolio of national partnerships and programs supported by Markaz. Notable among them are the 'Kuwait Commute' design competition, which aims to advance the development of public transport in Kuwait, and the UniCODE program in collaboration with 'Coded' Academy, which equips youth with foundational skills in programming and technology. Such pioneering initiatives reinforce Markaz's role in developing human capital and driving knowledge-based progress in Kuwait. About Kuwait Financial Centre 'Markaz' Established in 1974, Kuwait Financial Centre K.P.S.C 'Markaz' is one of the leading asset management and investment banking institutions in the MENA region with total assets under management of over KD 1.44 billion (USD 4.67 billion) as of 31 March 2025. Markaz was listed on the Boursa Kuwait in 1997. Over the years, Markaz has pioneered innovation through the creation of new investment channels. These channels enjoy unique characteristics and helped Markaz widen investors' horizons. Examples include Mumtaz (the first domestic mutual fund), MREF (the first real estate investment fund in Kuwait), Forsa Financial Fund (the first options market maker in the GCC since 2005), and the GCC Momentum Fund (the first passive fund of its kind in Kuwait and across GCC that follows the momentum methodology), all conceptualized, established, and managed by Markaz. For further information, please contact: Sondos Saad Corporate Communications Department Kuwait Financial Centre K.P.S.C. "Markaz" Email: Ssaad@
Al Bawaba
13-07-2025
- Business
- Al Bawaba
Markaz Sponsors Vertical Farming Facility at The English School to Empower Future Environmental Leaders
Kuwait Financial Centre 'Markaz' announces its sponsorship of an innovative educational initiative in partnership with The English School (TES), providing students with hands-on, experiential learning opportunities in sustainable agriculture and its applications through vertical farming inside the school. The sponsorship reflects the 'building human capacity' pillar of Markaz's corporate social responsibility (CSR) strategy by equipping students with future-ready skills, fostering environmental responsibility and developing the knowledge and critical thinking skills needed to confront global challenges through localized initiative offers students the opportunity to explore vertical farming through a school-based facility designed for indoor sustainable agriculture. It introduces them to the types of crops that can be cultivated through these systems and explains how they can help address food security challenges. In doing so, the project also demonstrates the wider potential of vertical farming as a sustainable and cost-effective solution for future food the significance of the project, Senior Vice President of Corporate Communications at Markaz, Ms. Sondos Saad, said: 'We are proud to partner with The English School on this impactful initiative, which introduces students to practical approaches to vertical farming. It reflects our firm belief that education rooted in real-world engagement is key to enabling the next generation of changemakers. By raising environmental awareness and promoting responsible resource use, this project encourages students to think innovatively about how local initiatives can drive global impact."Ms. Alison Peterson, TES Principal stated: "Thanks to the sponsorship of Markaz. Our fantastic vertical farming facility will be an integral part of the education process. This project reflects curiosity, responsibility, and a deeper understanding of how science, technology, and care for the planet all connect. In this space, our students won't just learn about photosynthesis from a textbook, they'll see it in action. In a world facing growing environmental challenges, vertical farming offers a glimpse into the future of agriculture, a future that TES students will help shape." Rooted in Markaz's ESG-driven approach to long-term value creation, this initiative demonstrates how the company translates its sustainability strategy into meaningful, community-based partnerships. It also reaffirms Markaz's commitment to advancing key United Nations Sustainable Development Goals, specifically Goal 4: Quality Education, Goal 12: Responsible Consumption and Production, and Goal 13: Climate Action, by embedding these global principles into innovative educational models. The collaborative effort builds on a broader portfolio of national partnerships and programs supported by Markaz. Notable among them are the 'Kuwait Commute' design competition, which aims to advance the development of public transport in Kuwait, and the UniCODE program in collaboration with 'Coded' Academy, which equips youth with foundational skills in programming and technology. Such pioneering initiatives reinforce Markaz's role in developing human capital and driving knowledge-based progress in Kuwait. © 2000 - 2025 Al Bawaba (
Sustainability Times
10-07-2025
- Sustainability Times
'They Said It Was Impossible—Now Robots Grow 1.2 Million Strawberries a Year': Inside Dyson's Sci-Fi Mega-Farm Shocking the Entire Agriculture Industry
IN A NUTSHELL 🌱 Dyson's vertical farming in Lincolnshire features a 26-acre glasshouse with 1,225,000 strawberry plants , revolutionizing agricultural practices. , revolutionizing agricultural practices. 🤖 The facility uses advanced technology like UV-emitting robots and distributor bots to maintain plant health naturally and efficiently. like UV-emitting robots and distributor bots to maintain plant health naturally and efficiently. ⚡ Powered by an onsite anaerobic digester, the farm emphasizes sustainable energy use and reuses byproducts as organic fertilizer. use and reuses byproducts as organic fertilizer. 🍓 By growing strawberries locally, Dyson enhances food security and reduces the carbon footprint associated with importing produce. In a world where technological advancements are rapidly transforming every industry, Dyson's venture into vertical farming represents a significant leap forward in agricultural innovation. Known for its groundbreaking home appliances, Dyson is now applying its expertise in engineering to revolutionize how strawberries are grown in the UK. This ambitious project is not only about boosting strawberry production but also about creating a sustainable and efficient farming model that could reshape agriculture as we know it. Inside Dyson's Vertical Farming Revolution Located in the picturesque county of Lincolnshire, England, Dyson's vertical farming operation is a marvel of engineering and agriculture. Spanning a vast 26-acre glasshouse, the facility hosts an impressive 1,225,000 strawberry plants. At the heart of this operation are giant wheels, each measuring approximately 78 feet long and 16 feet tall, which rotate the plants to maximize sunlight exposure. This innovative approach ensures that each strawberry plant receives optimal light, enhancing growth and fruit quality. Dyson's vertical farm employs cutting-edge technology to maintain the health of its plants. UV-emitting robots patrol the rows, using light to eliminate mold and other pathogens. Simultaneously, distributor bots release beneficial insects to control pests naturally, reducing the need for chemical pesticides. This high-tech approach not only boosts productivity but also aligns with sustainable farming practices. 'We Finally Cracked the Cold': Engineers Unveil Breakthrough That Makes EVs Charge 6× Faster in Freezing Temperatures Harnessing Technology for Efficient Agriculture The integration of advanced technology into farming operations is a hallmark of Dyson's approach. The facility is powered by an onsite anaerobic digester, which converts gases from grain into energy, driving turbines to supply power. The process also generates excess heat, which is used to keep the greenhouse warm. The residual byproduct, known as 'digestate,' is repurposed as organic fertilizer, enriching the soil without synthetic chemicals. Rainwater collection is another critical component of Dyson's eco-friendly operation. The vast rooftop of the glasshouse, stretching about 2,500 feet, captures rainfall, which is then used to irrigate the plants. This method conserves water and reduces the farm's environmental footprint. Additionally, the reliance on natural sunlight, supplemented minimally by artificial lighting, further underscores Dyson's commitment to sustainable agricultural practices. 'Carbon Transfer Achieved at Sea': Shanghai Stuns the World With First-Ever Ship-to-Ship CO2 Operation in Open Waters The Impact on Local and Global Agriculture Dyson's vertical farming initiative is not just about producing strawberries; it's about setting a new standard for agricultural efficiency and sustainability. By growing strawberries locally and reducing the need for imports, Dyson is minimizing the carbon footprint associated with transportation. This approach not only supports local economies but also enhances food security by ensuring a consistent supply of fresh produce. James Dyson envisions a future where high-technology agriculture plays a pivotal role in addressing global challenges. 'Efficient, high-technology agriculture holds many of the keys to our future,' Dyson asserts. By leveraging technology to optimize farming processes, Dyson Farming aims to lead a revolution in agriculture, inspiring other industries to adopt similar practices for a more sustainable future. 'Gates-Backed 'Flying Blades' Begin Spinning': This Radical U.S. Wind Tech Is Unlike Anything You've Ever Seen Before Looking Ahead: The Future of Farming As Dyson continues to refine its vertical farming techniques, the potential for expansion and adaptation is vast. The success of this project could pave the way for similar initiatives worldwide, particularly in regions where traditional farming is challenged by climate conditions. By sharing its technological expertise, Dyson could play a crucial role in addressing global food security and environmental sustainability. Moreover, the presence of Dyson strawberries in select stores across the UK is a testament to the project's success and its potential to influence consumer choices. As more consumers become aware of the benefits of locally grown, sustainably produced food, the demand for such products is likely to increase, driving further innovation in the agricultural sector. Dyson's entry into the world of vertical farming is a bold step towards reshaping agriculture through technology and innovation. As the project continues to evolve, it raises important questions about the future of farming: How will advances in technology further transform agriculture, and what role will companies like Dyson play in leading this change? This article is based on verified sources and supported by editorial technologies. Did you like it? 4.6/5 (22)
The Sun
03-07-2025
- Business
- The Sun
Major food brand that sold household staple in Asda & Ocado went bust owing £22MILLION in debt
A UK-BASED food firm that supplied a popular product to supermarkets has gone into administration. The company provided over 3,000 British shops with fresh basil and salad mixes. 2 Major farming start-up Jones Food, which is backed by Ocado, officially entered administration in April. The vertical farming trailblazer has previously been hailed as a game-changer for Britain's farming industry. This set-up has allowed vegetables to be picked next door to delivery depots, offering shoppers access to fresher than ever produce. However, the farming venture has struggled after Ocado signalled that it was not willing to provide more cash to the start-up. After failing to find a new backer, the company is unlikely to recoup the millions of pounds it pumped into the start-up. Costs of adminstration This includes £8.6 million of initial investment in 2019 and a £3.7 million cash injection in 2023. Filings for Jones Food's administration suggest Ocado could be facing a loss of over £20 million. Administrators for the start-up said funds from the sale of the business' assets would go toward paying off expenses and creditors. This marks another setback for Ocado, which has been battling to stem losses and churn out more cash in the face of higher debt costs. It has made heavy cuts to its research team in an attempt to help boost profit and was recently hit by a tripling of its debt interest costs after refinancing looming bonds. Mighty Drinks Enters Administration: What Went Wrong for the Plant-Based Brand? Ocado Group Ocado made a series of investments into tech start-ups in an attempt to break away form its image as an online grocer. The company struck a deal with M&S in early 2019 to run the online grocer Ocado Retail as a joint venture. Since then, Ocado Group has been focused on its robotic warehouses, which it has sold to other companies including Kroger in the US. The collapse of Jones Food comes just over a year after the start-up opened its second vertical farm. Ocado had said the farm was a 'coming-of-age for agricultural technology in the UK'. What does going into administration mean? WHEN a company enters into administration, all control is passed to an appointed administrator. The administrator has to leverage the company's assets and business to repay creditors any outstanding debts. Once a company enters administration, a "moratorium" is put in place which means no legal action can be taken against it. Administrators write to your creditors and Companies House to say they've been appointed. They try to stop the company from being liquidated (closing down), and if it can't it pays as much of a company's debts from its remaining assets. The administrator has eight weeks to write a statement explaining what they plan to do to move the business forward. This must be sent to creditors, employees and Companies House and invite them to approve or amend the plans at a meeting. A Notice of Intention is used to inform concerning parties that a company intends to enter administration. It is a physical document which is submitted to court, usually by directors aiming to prevent a company from being liquidated. Like with a standard administration process, a Notice of Intention stops creditors from taking out any legal action over a company while they try and rectify the business. It desribed Jones Food as having 'cracked the code for accessible, sustainable, premium food being grown all-year-round, at a super-competitive price'. The farm provided herbs including basil, coriander, and flat-leaf parsley for Ocado and Asda. However, vertical farming start-ups, which involves growing food on shelves, have struggled to become profitable. In filings for Jones Food, administrators said it was loss-making as soon as it was operational. They said this is because it was running at around a third or half of its factories' capacity, and demand from customers was variable. 'Jones Food is an innovative business, and Ocado Group has been a supporter and shareholder of the company for a number of years," Ocado said at the time of the administration. "As we await the outcome of the administration process, our thoughts are with all those involved with Jones Food.' More business stories And a major drinks brand sold in Asda, Sainsbury's, and Morrisons has also gone into administration. The UK's biggest music retailer also closed its doors last month. Plus, a trendy restaurant chain closed down all its high street locations. 2
