Priva connect effect with Equilibrium Capital , an institutional investor in Controlled Environment Agriculture ( CEA ) , to spring up an integrated climate management solution for next - generation gardening for crop cultivation in SE Asia climates and demographics .
Starting in Singapore , the partnership will develop a hybrid glasshouse production and climate technology R&D adroitness that will be used to develop incorporate solutions suitable for big - scale yield in different SE Asia countries facing similar climate conditions . The joint targets are ambitious – to set a 20 % increase in energy productiveness per kilo by the ending of 2024 and as much as 50 % by the remainder of 2027 .
Meiny and Dave
Singapore ’s Green Plan 2030 aims to produce 30 % of its nutritionary need locally and sustainably by 2030 , but the extreme and explosive climate condition with hot weather condition and in high spirits outside humidness spirit level make it difficult to operate a profitable greenhouse . A sustainable technology fabric for profitable crop polish is necessitate to realize Singapore ’s “ 30 by 30 ” vision and to reduce its dependence on food imports .
With energy being the main operating cost driver in CEA , the object lens of Priva and Equilibrium is to develop a design , seamster - made to the challenging SE Asia climate conditions , that at the same time decreases energy use per kilogram of crop yield and increases the quality and amount of food yield . These solutions will require Priva / Equilibrium to squad across multiple disciplines and technology suppliers .
Dave Chen , Chairman of Equilibrium Capital , said , “ In the next decade , with a shrivel arable and more inhospitable landscape , CEA will become the core food system base in our climate - challenge world . vitality , water system , and human imagination productiveness solutions will be vital for CEA resilience , and the only way to rise these integrated sustainable solutions is to get started and acquire the industry team needed to create these innovation . ”
Meiny Prins , CEO of Priva , say , “ Food security and local nutrient product have become ball-shaped topics . We are convinced that by combining sphere cognition , the use of technology , and strategic cooperation with world-wide partners , it should be potential to create the veracious clime for turgid - scale crop cultivation in South East Asia , supporting a sustainable greenhouse procedure . This is what drives us every day . ”
For more information : Priva[email protected]www.priva.com
Equilibrium971 - 352 - 8430[email protected]eq - cap.com
