AppHarvest announces build partnership

MOREHEAD, Ky. – AppHarvest, a Grassroots partner of SOAR, has announced several new developments regarding their upcoming project in Rowan County.

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Founder and CEO, Jonathan Webb was recently joined by Deputy Prime Minister Carola Schouten of The Netherlands to announce that a Netherland based Dalsem will build AppHarvest’s 60-acre green house.

“The Netherlands has perfected the technology and proven its success, as the country, which is roughly the size of Eastern Kentucky, has used controlled-environment facilities to become the world’s second-largest exporter of agricultural products behind only the United States,” said AppHarvest. “These facilities allow Dutch farmers to grow year-round, eliminate the use of chemical pesticides and reduce water usage by up to 90 percent compared to traditional farming."

AppHarvest has also recently announced it has completed a separate Series A financing round led by ValueAct Spring Fund with an additional investment by Revolution’s Rise of the Rest Seed Fund. Led by AOL Co-founder Steve Case and best-selling author J.D. Vance, Rise of the Rest previously provided the company’s seed funding. The amount of the Series A financing was not disclosed.

This is an excerpt from The Daily Independent. To read the full story, click here.

For more information on AppHarvest, visit their website.