Agrivoltaics: Top innovative startups of Solar power generation and food production
Agrivoltaics is the combination of photovoltaics (PVs) and agriculture. Farmland and solar PVs are use in together to produce electricity. Agrivoltaics is a term that has several identical terms, including agripv, agrisolar, agriphotovoltaics, and dual-use solar. The land can used for farming, grazing, raising livestock, and installing solar panels due to the design of agrivoltaics systems. This reduces the competition between solar energy and agriculture for land. Agrivoltaics allows both industries to coexist on land that was previously only suitable for farming or for installing solar farms and gardens. The ability to use both at the same time with agrivoltaics is a solution that greatly advantages both.
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The agricultural sector may not be similarly interested in installing solar power plants as they are due to factors like the large land requirements of commercial solar panel systems and the land scarcity of many nations. So, farming and energy generation happen with agrivoltaic technology.
For instances, TotalEnergies activated its first 240 kW agrivoltaic demonstrator plant in Channay, in northeastern France, in October 2021. The project was developed with exclusive support from Next2Sun Mounting Systems, a German company, with whom TotalEnergies signed a collaboration deal in March 2020.
The agrivoltaic industry is growing due to factors like the world’s population exploding, a shortage of agricultural land, and an increase in energy consumption. To meet that future demand, the population growth also meant that the current food production had nearly doubled. Thus, the agrivoltaic system promises to generate energy and extra income in addition to enhancing food production and lowering water usage. Because agrivoltaic helps to meet future demand by growing more food while using less water and simultaneously producing sustainable energy, consumer demand for it is therefore expected to grow at a proliferating rate.
The agrivoltaic system not only increases the capacity for energy production but also improves crop yield, water consumption, and product quality. Additionally, this system provides real value to farmers and addresses the primary obstacles to sustainable development in the context of scarcity.
Major players that play a prominent role in the innovative agrovoltaic industry are as follows:
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Agrivoltaics solutions will also become more important in addressing the latest climate change as well as human problems because of a greater need for food, less water is used in agriculture, and energy production efficiency is increased. Therefore, these variables have the potential to boost the agrivoltaics market. According to the UnivDatos Market Insights Analysis, as more startups enter the market and Agrivoltaics market continues to grow consistently, the future of Agrivoltaics in agriculture appears to be amazing and magnificent and as per their “Agrivoltaics Market” report, the global market was valued at USD 3.5 Billion in 2022, growing at a CAGR of 10% during the forecast period from 2023 – 2030 to reach USD billion by 2030.