Vertical farm investors start to realize artificial light is expensive

And that means paying for light.

This week, Bloomberg Green examines the promise—and pitfalls—of the indoor farming industry, a few years after the peak of the hype cycle. Turns out, while the process saves a ton of water, it also uses a lot of energy powering grow lights for 12-16 hours a day. The story's subheading says it best: "The industry promised to tackle world hunger. But all it may end up delivering for now is expensive basil and perhaps some better quality marijuana." 

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Source: The counter

Photo Courtesy of iFarm

Source: The Counter