Ocado has put a total of £ 17 m ( 5,000 sq ) into vertical farming through two deals. The Scunthorpe -based online supermarket will take a majority stake in Europe 's largest vertical farming operation, Priva Holdings , which has a 5,000 sq m production site in UK . Ocado also plans to construct vertical farms near its own distribution and technology locations. It has also entered a three-way joint venture called Infinite Acres with 80 Acre Farms, a US company that claims to be the world’s first fully automated indoor farm, and Priva Holdings, a Dutch firm which sells equipment and software for horticulture, to create technology solutions for companies in the fast-growing vertical farming industry. Additionally, the supermarket will enter a joint venture with 80 Acres Farms and Ocado to develop technology solutions for vertical farming. Ocado plans to become a major player in the production of leafy greens by investing heavily in the water-saving, low-wastage, sustainable technology.
Ocado has put a total of £ 17 m ( 5,000 sq ) into vertical farming through two deals. The Scunthorpe -based online supermarket will take a majority stake in Europe 's largest vertical farming operation, Priva Holdings , which has a 5,000 sq m production site in UK . Ocado also plans to construct vertical farms near its own distribution and technology locations. Additionally, the supermarket will enter a joint venture with 80 Acres Farms and Ocado to develop technology solutions for vertical farming. Ocado plans to become a major player in the production of leafy greens by investing heavily in the water-saving, low-wastage, sustainable technology.