NEWS COMMENTARY

Revol Greens raises $68 million to construct a third lettuce greenhouse facility in Texas

Published:
September 28, 2020
Services:
Consumer
Activities:
Investment
Very important

With the additional production capacity enabled by the funding, Revol will become the U.S.'s largest indoor lettuce producer, with production greenhouses in Minnesota, California, and Texas. Its facilities utilize controlled-environment pond production systems paired with natural sunlight supplemented with LED lighting when needed and partial automation for seeding and harvesting. Greenhouse facilities continue to experience growth, while vertical farming and other hydroponic systems bring added competition. Greenhouses lead in production capacity at this point, but a clear winner in the indoor production of greens is unclear. Clients, while the winner is unclear, demands (e.g., seeds, media, monitoring systems) are a growing opportunity.

For the original news article, click here .


Further Reading

Yara and Lantmannen sign commercial agreement to launch green fertilizer

News Commentary | January 21, 2022

Yara, a Norwegian fertilizer producer, and Lantmannen, a Swedish agricultural cooperative, will bring fossil‑free, nitrate‑based fertilizers to the market in 2023. Yara will utilize hydropower instead of fossil fuels to produce fertilizer marketed by Lantmannen to Swedish farmers. Both parties are ... Not part of subscription

Fifth Season to build second robotic vertical farming facility in Ohio

News Commentary | January 26, 2022

Slated to open in 2023, Fifth Season's new vertical farming facility will be 180,000 ft2 (about three times the size of its first farm in Braddock, PA) and use both renewable energy and an onsite microgrid to power the farm's autonomous robotics operation. The expansion also includes increases in ... Not part of subscription

Upward Farms highlights opportunity in aquaponics with planned facility in the U.S.

News Commentary | January 26, 2022

Following receipt of USD 121 million in 2021, Upward Farms announced construction plans of a 250,000 ft2 vertical aquaponics facility in Luzerne County, PA, which will provide leafy greens and hybrid striped bass across the U.S. Northeast. The new facility — the company's third farm — is expected to... Not part of subscription