Two years ago, a 60-watt equivalent LED bulb cost $30. That’s an expensive bulb. But now, you can buy that same light at Home Depot for $10.
“And it’s not just the cost that’s coming down,” says Ron Pernick, co-founder of Clean Edge, “but the ability for LED lighting manufacturers to develop application-specific lighting.”
Clean Edge has many valuable resources on this topic and we are going to expand on them in part 2 of this piece. Especially as Pernick goes on to talk about specific companies that we want to compare like Philips. We’re also going to talk about how LED lights boost the sustainability and regenerative capacity of vertical farming. I started discussions on the environmental impacts of vertical farms here and here, but I want to expand it beyond sustainability and examine the idea of a regenerative industry.
For now, I want to leave you with one closing thought. In vertical farming, it comes down to producing calories people want to buy (assuming your product is food of course). To make money, you need to produce those calories efficiently. That efficiency is measured in terms of kilowatt-hour per gram of product, and to get the best ratio for that, you’ll need LEDs.
Higher efficiency means less spent on energy, and more light produced for your dollar. More light produced means more plants grown, and more plants grown means more success for vertical farming.
By the way…
We’ve had a lot of growth on this site, almost as soon as we started posting. We’re glad you guys love it and we want to thank you. So to do it, the Urban Vertical Project is developing a killer presentation template for an amazing vertical farm funding pitch and we’re giving it away for free for a limited time! It’s based off a real pitch we saw that got funded and we know you’re going to love it. To hear about it before anyone else, sign up for our newsletter below (just your first name and email, and we really, really won’t send you too much stuff).