Renewable Energy Could Ease Food Production
The disruption of global oil supplies following the Strait of Hormuz closure has pushed energy costs higher across every sector, including food. Modern food systems consume up to 30% of global oil supplies, making the fossil fuel integral to the agricultural sector. With the Iran war straining supplies, Iceland shows how alternative energy sources like abundant geothermal resources can let food businesses operate free of that price volatility. That insulation has real value when international energy markets are in turmoil. Food manufacturing is one of the more power-hungry sectors in any economy, demanding heat, refrigeration, lighting, and processing capacity at…
