Indoor Agriculture & The Smart City - ETCC | The Emerging ...Andrew Blume Indoor Agriculture...
Transcript of Indoor Agriculture & The Smart City - ETCC | The Emerging ...Andrew Blume Indoor Agriculture...
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Indoor Agriculture & The Smart City
Fueling a Robust Food System for California
Andrew BlumeIndoor Agriculture Entrepreneur
BlueHouse
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My Background● Former North America
Regional Manager
● Former Business Development Director
● Former Food & Agriculture Cluster Lead
● Director of Business Development
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Freshwater Use80% of all freshwater is used
in agriculture
Food TransportLeads to significant food waste &
greenhouse gas emissions
Pesticide UseLeads to 75% of world
polluted water
Rapid Population Growth & UrbanizationExpected 10 billion people globally and 75% urban population by 2050
Increasing demand for food by 70% (United Nations FAO, 2017)
Global WarmingThreatens global food supply
Accelerate Soil Erosion
Global Agriculture Problems
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Food Quality
● Locally Grown, Fresher Greens for Consumer
● No Heavy Metals or Herbicides
● Limited or No Pesticide● High Vitamin and Mineral
Content● Optimized Food Safety
Environmental
● Up to 99% Less Water Used● Less Food Waste● Less Food Miles
Economic
● Year-Round Production Independent of: ○ Climate, ○ Region○ Weather Events○ Pest Outbreaks
● 2 to 3x Faster Growth● Efficient Land Use
CEA Farming Benefits
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Company Location Type Amount Raised InvestorsFreight Farms Boston Container Farms $12.2 mm Spark Capital
iUNU Seattle Greenhouse Machine Vision $6 mm
Initialized Capital, Liquid 2 Ventures, Fuel Capital,
Second Avenue Partners
Motorleaf Toronto Sensor Controller Hardware & AI $1.1 mm 500 Startups, BDC Venture Capital
Agrilyst New York Farm Management Software $2 mm Brooklyn Bridge Ventures
Illumitex Austin LED Lighting $90.8 mm WP Global Partners
Light Polymers San Francisco LED Lighting $5 mm
TEL Venture Capital, Tsingda International Venture
Capital
Agrilution Munich Domestic Hardware $2.75 mm Tengelmann Ventures
Grove Boston Domestic Hardware $4 mm Upfront Ventures, Tim Ferriss
Infarm Berlin Retail Hardware $34.1 mm Cherry Ventures
Farmshelf New York Retail Hardware $450 k Urban X, Sansiri
Square Roots New York Farm / Education $5.4 mm Kimbal Musk, Collaborative Fund
Iron Ox San Francisco Farm Automation $1.5 mm Y Combinator
Tortuga AgTech Denver Farm Automation $2.4 mm Root Ventures
Total $167.7 mm
VC Backed CEA Vendors:
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Investment in CEA Farms:Company Location Type Size Amount Raised Investors
Plenty
San Francisco, Seattle Vertical Farm 50,000 sq ft / farm $226 mm
Softbank, Bezo Expeditions, Schmidt Family Office, Others
Bowery New Jersey Vertical Farm - $31 mm
Blue Apron Founder, General Catalyst, First Round Ventures, GGV Capital,
others
Aerofarms New Jersey Vertical Farm 69,000 sq ft $142.9 mmGoldman Sachs, IKEA, Crown Prince of
Dubai, others
Freshbox Farms Boston Vertical Farm~15 shipping
containers - Henkel
Green Spirit Farms Michigan Vertical Farm - - Karlani Capital
Shenandoah Growers Virginia Greenhouse Large $8 mmAdvantage Capital Agribusiness
Partners, S2G Ventures
Houweling’s Tomatoes California Greenhouse Very Large -
Windset Farms California Greenhouse Very Large -
Bright Farms Washington DC Greenhouse Large $57.9 mmNGEN, WP Global Partners, Catalyst
Investors
Edenworks New York Vertical Farm Medium $2.3 mm Founder.Org, Christian Tansey
Podponics (Bankrupt) AtlantaShipping
Container Farm $14 mm New Ground Ventures, Raj Choudhoury
Total $483.2 mm
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CelebritiesZooey DeschanelKimbal MuskJoe Montana
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BillionairesLarry EllisonChristoph HenkelEric Schmidt
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$13.7 BN
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$200 mm
@
$500 mm Valuation
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$280 mm
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Efficiency Biophilia
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SF Giants
SF 49’ers
Oakland A’s
LA Galaxy
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Utilities Indoor Agriculture
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PowerWater
GasIndoor Agriculture
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Vertical Farming Graveyard
PodPonicsLocal Garden FarmedHere
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Photo Credit Iron Ox (left) and Tortuga Agtech (right)
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Modeling Plants as Batteries
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Vertical Farm vs Greenhouse
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Energy Comparison
Greenhouse Vertical Farm
7 – 10 Watts /sf 30 – 60 Watts /sf
20,000 sf greenhouse = 140 –200 kW
20,000 sf cultivation area = 600 – 1,200 kW
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Georgia Southern Greenhouse
● 540 sq ft greenhouse
● Avg daily electricity consumption is 22kWh
● 22kwh costs $1.25(5.6 cents per kWh)
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Source Soliculture
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57Source: Agritecture Know Before You Grow Guide
Greenhouse Vertical Farm
Capital Costs $25-$30 per square foot (rural) $150-$200 per square foot(4 level vertical farm with LED lighting)
Energy costs Depends on ambient weather. Significantly less than a vertical farm.
A main operating expense. Approximately 0.8 kwh to produce 1 kg of lettuce/ greens.
Production Schedule Generally 8-12 months per year. Year round, 24 x 7 x 365 production.
Pests / Diseases Good with proper sanitation and HVAC design
Best with proper sanitation and HVAC design.
Yields More consistent than outdoor production but less so than indoor artificially lit.
Consistently high, year round, if production is managed correctly.
Crops Vine Crops, Berries, Tree Propagation, Leafy Greens, Herbs
Leafy Greens, Herbs. Strawberries will be on the market in 12 to 24 months.
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PowerWater
GasIndoor Agriculture
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http://www.flor.hrt.msu.edu/assets/ReducingEnergyCostsinCalifoniaGreenhouses.pdf
1.15 Therms/ sq ft
13%
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Jan. 2016 Jan. 2018
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Hypothetical Small Scale Farm
1. 50 ppm Calcium
2. 50 ppm Phosphorus
3. 50 ppm Nitrogen
1. 65 ppm Calcium
2. 65 ppm Phosphorus
3. 20 ppm Nitrogen
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Key Takeaways & Next Steps
1. Water testing rebates, smart metering, & dumping
regulations.
2. Host a California AgTech Conference.
3. Support low-tech soil based urban agriculture too.
4. Urban agriculture policy position within local government.
5. Document expounding why California for AgTech.
6. Research, grants, and incentive programs.
7. Rebate programs for lights.
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Image Credit: Perkins+Will