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.
Ocado has put a total of £17m ($21.5m) into vertical farming through two deals. The UK-based online supermarket will take a majority stake in Europe's largest vertical farming operation, Jones Food Company, which has a 5,000 sq m production site in Scunthorpe. 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 Priva Holdings 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.