BrightFarms Secures $100 Million Series E Round of Funding to Expand High-Tech Indoor Farming Across the U.S.
IRVINGTON, N.Y., Oct. 28, 2020 /3BL Media/ – BrightFarms, a leading next-generation indoor farming company supplying U.S. grocery retailers with packaged salad greens, has secured more than $100 million in debt and new equity capital to support robust expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
As we look toward the end of the year, it’s needless to say that 2020 has not been what any of us imagined. Our communities across the globe have suffered, from the impacts of COVID-19 to the injustices of racial inequality. With everything we are facing, it would be easy to think that the environment and climate change aren’t priorities right now. But decoupling our environmental health from human well-being and inequality is a mistake. Now more than ever, we must remember that these issues are highly interconnected, and that with creativity, we can create change.
Belgian-based greenhouse company Varegro is using a Cummins HSK78G gas generator to power its facility in Oostrozebeke, West Flanders, making it the first in the world to be installed in a greenhouse environment.
Low carbon passenger rail service powered by Cummins’ hydrogen fuel cell technologies is heading to Austria.
French railway manufacturer Alstom introduced the world’s first hydrogen fuel cell passenger train called Coradia iLint in Germany using the Cummins’ fuel cells. Following that successful test operation, Alstom’s Coradia iLint will run in Austria for the Austrian Federal Railways.
Now is a critical moment for the health of the world’s ocean as people use more single-use and disposable plastics during the pandemic.
While the pandemic has caused untold devastation around the world, lockdown measures have brought some unexpected environmental benefits: Global emissions have plummeted and in some areas wildlife has flourished — even along some city streets.