Was Vertical Farming a Bubble?

 That seems to be the argument of this piece.

While I've been skeptical of it, I think it's premature.  Lots of innovations have had their ups and downs before becoming stabilized.  Humans react with enthusiasm to new ideas and overpromise.  I've seen that in the 1950's with atomic energy, off and on with computers, with the internet, self-driving cars.

I suspect when the technology winnows out the impractical and too costly ideas to arrive at an industry standard it will reduce the capital costs.  Experience will also teach the best locations for vertical farming operations--how cheap the land must be, how close to population centers.  Genetics may tweak the plants for best production under lights.  And the switch away from fossel fuels may reduce energy prices.

All that said, based on an impulse to be fair, I'm still feeling some Schadenfreude.