Bifarm Tech Inc. Selected as 2021 S&P Global Platts Global Energy Awards Finalist

Bifarm Tech, Inc., a sustainable AgTech startup, is recognized by S&P Global Platts for its energy-saving technology designed to address the constraint of resources affecting cultivation agriculture.

NEW YORK, NY, November 03, 2021 /24-7PressRelease/ -- Bifarm Tech Inc. has been named a finalist in the 23rd annual S&P Global Platts Global Energy Awards. The 2021 Finalists were announced by program host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks. Winners to be announced December 9th at a black-tie gala in New York City.

Bifarm Tech, Inc., a sustainable AgTech startup, is nominated for the Emerging Technology of the Year award. Bifarm Tech's signature solution - Future Farm ®, is a combination of hardware and software built to address modern farming needs and the shift towards agricultural sustainability.

Often described as "the Oscars of the energy industry", the S&P Global Platts Global Energy Awards achievements in innovation, leadership, and company performance in 22 categories spanning the entire energy complex.

Bifarm Tech's aeroponics solution aims to solve the problem that traditional agriculture cannot address. With increased population, urbanization, and climate change, there is a need for securing food supply in areas lacking the resources for conventional agriculture, such as urban areas. Urban farming in a controlled environment is a productive and reliable way to answer the challenges. However, the high energy costs prevent it from wide adoption in urban areas where resources, such as energy, are scarce.

Bifarm Tech Inc. has created a way to address these challenges. Future Farm ® hardware exposes plant roots directly to the air with elevated oxygen exposure which allows plants to thrive. It also dramatically reduces the need for energy to chill the liquid, an important process to avoid oxygen depletion caused by higher liquid temperature and to keep bacteria at bay. Future Farm ® also uses less nutrient liquid, therefore costing less energy to maintain liquid and root zone temperature. The autopilot feature powered by Bifarm Tech's GrowOS software and the patent-pending hardware design management enables an isolated and stable root environment, which puts less demand on the ambient air temperature management, therefore saving energy on HVAC systems and overall minimum energy spending.

Bifarm Future Farm deserves recognition not only because it is the first precision aeroponics system of its kind - capable of powering a commercial facility that's consistent, cost-effective, and productive, but it is also designed to address the constraint of resources, such as water and energy head-on, paving the way for the wide adoption of urban farming and contributing to food security.

Jenny Salinas, Vice President, Marketing, S&P Global Platts commented, "This year's complement of 196 finalists truly indicates the outstanding innovation and supreme leadership occurring in so many sectors across our industries. Companies are tackling critical issues such as emissions control, digitization, investment to improve the quality of life, and so much more. We are proud to honor these individuals and companies on their achievements."

The Global Energy Awards' independent panel of esteemed judges will select winners for each award category from the corresponding group of finalists. The winners will be announced at the S&P Global Platts Global Energy Awards on December 9th in New York City.

To view the complete list of Award categories and finalists, as well as more information on the Awards and upcoming ceremony, visit the website: www.globalenergyawards.com.

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better-informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments, and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts.

About Bifarm Tech

Bifarm Tech is a Florida-based sustainable agriculture technology startup. It provides growers with smart technologies to grow consistently and efficiently. Its specialty is precision aeroponics with automated climate control. Its signature product line - Future Farm is commercial aeroponics hardware running on Bifarm's proprietary GrowOS, a software management platform that enables precision cultivation and automation. Bifarm Tech's products have been adopted for both university researching activities and commercial farming operations.

Bifarm promotes scientific approaches to achieve higher yield, better quality with minimum environmental impacts. "Improve the way we grow today, for a better tomorrow." is its purpose. For more information, visit https://bifarm.com.

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