IKEA, David Chang and ruler of Dubai invest $40 million in AeroFarms vertical farming | Inhabitat - Green Design, Innovation, Architecture, Green Building
IKEA, David Chang and ruler of Dubai invest $40 million in AeroFarms vertical farming
If there was any question that indoor vertical farming is the future of agriculture, the latest announcement from AeroFarms will remove any doubt. The revolutionary company just secured a whopping $40 million in financing from world-renowned chef David Chang, megabrand IKEA and the ruler of Dubai — Sheikh Mohammed bin Rashid. The company intends to use the money to address the escalating challenge of bringing healthy, sustainable food to the growing global population using their innovative aeroponic growing system.
AeroFarms grows leafy greens without sunlight or soil in vertically-stacked troughs in a fully-controlled indoor environment. It’s better for the planet than traditional agriculture because it requires 95 percent less water, grows in half the time of traditional crops, doesn’t deplete soil and can be grown year-round and served locally — even in cold climates.
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At the Second Annual Smart Cincy Summit leaders engaged in a panel discussion and open Q&A focused on assessing and mitigating risks ranging from cyber-physical security to environmental impact.
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It is hardly surprising that this policy clarification, finalized by the Governmental Accounting Standards Board (GASB) in a unanimous vote, failed to make headlines, or even any news. But given the vital implications for water utilities and their communities nationwide, it probably should have.