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Geothermal EIP & Food production
Geothermal EIP & Food production
“64.17% of food price variance is explained by oil price movement”
Farhad Taghizadeh-Hesary et al. 2019
The global food system accounts for around 30% of the total energy use
FAO, 2011
The global food system:
Water Withdrawal
70% of global use
Employs
28%of the world's population
25-30% of total GHG
37% Of worlds
landmass used for agriculture
(excl. Antarctica)
4000 million t/year
produced
market size
12.24 trillion USD by
2020
Source: FAO.ORG /World Resources Institute
Living Planet Index (LPI)
▪ In 2020, the LPI shows an average rate of decline in population size of 68% between 1970 and 2016.
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“To meet the increasing demand from a growing population we will need to produce more food in the
next 40 years than has been produced in the previous 8,000 years.”
Jason Clay, Senior Vice President WWF
Population will grow to 9-11 billion
Food production must increase about 50-70%
Energy consumption will double
4.5 billion will belong to the middle class
Increased pressure on water resources
The status in 2050
Source: FAO.ORG /World Resources Institute/IPCC
The food system is changing
Global food
system
Sustainability pressure
Technology
Customer demand
Climate change risk
Food Security
Food system in crisis
How can geothermal be part of the solution?
• Cost• Environmental pressure• Policy
The natural environment
Managing environmental conditions & regulations
ProcessingShipping and distribution
Sustainable resourcesOptimized
environmentProcessing
Shipping and distribution
Electricity to the grid
Geothermal Plant Post processingBio based industries
CO2Steam / hot waterElectricityWaterChemicals
Steam/hot waterElectricityWater
Increased value from local agriculture
Innovation will drive adoption to climate neutral food system
Future food system trends
Food Security
Trust and transparency
Clean and sustainable
Increased automation
Optimized resources use
Controlled environment
The competitiveness of geothermal energy for food production
The cost of heating 4 ha greenhouse
6.5
4.4
3.1
0.9 0.6Finnland Pólland Holland Spánn Ísland
MUSD per Year
Direct use of geothermal heat vs wind energy from the grid for food processing
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0.12
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0.16
Wind energy from grid (EU) Geothermal heat energy (Iceland)
EUR/MWh
Example of Mokai New Zealand
Tomatoes -11.4 hectares
Miraka milk processing plant (250.000.000 liters of milk process annually)
110 MWTuaropaki power company / Mercury Energy
VAXA Hellisheidi Geothermal plant (ON Power)
CO2
Electricity
Work with Rescearch institutions and
universities
Encourage local innovation
Shared Infrastructure & Technology
Increased value with processing
