BUSINESS WIRE — Global food demand is anticipated to grow by 60 percent within the next 30 years. To meet the demand sustainably, the Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), on July 8, 2021, announced that it had selected five new startups to participate in the program. The ninth IN2 cohort is developing technologies to help make indoor agriculture more sustainable.
“Indoor agriculture provides several environmental and operational benefits, but these processes typically produce more greenhouse gas emissions than field-grown systems,” said Trish Cozart, IN2 program manager at NREL. “It’s critical to make indoor agriculture more sustainable, as land degradation and water shortages threaten the agriculture industry’s ability to feed a growing population. The companies in IN2’s ninth cohort are addressing this problem through innovative technologies.”
Read more on Business Wire.