THERMI VC has undertaken five significant investments in the field of hydroponic agriculture, aiming to create an integrated production ecosystem that combines technological innovation with green development.
The business plan includes the construction of greenhouses covering a total area of 80 hectares, equipped with advanced hydroponic cultivation systems and cogeneration units for electricity and thermal energy (CHP). The annual production is expected to exceed 3,750 tons, including tomatoes, cucumbers, strawberries, and microgreens—crops of high nutritional and commercial value.
Construction of the first unit began in 2024 and is expected to be fully completed by the end of 2025. The greenhouses will operate with energy self-sufficiency, utilizing generated heat for operational needs, while surplus electricity will be fed into the grid, enhancing energy sustainability.
According to THERMI VC’s CEO, Nikolas Takas, the company leads the redesign of the Greek agri-food model by combining productivity, climate resilience, and technological transition. Greece offers ideal conditions for hydroponic cultivation, with significant benefits such as up to 90% water savings, reduced use of agrochemicals, and protection of crops from extreme weather conditions.
In Greece, greenhouse cultivation has grown by 22% between 2010 and 2023, with production increasing by 10% over the same period. The main greenhouse products are tomatoes (46%), cucumbers and strawberries (each 19%), peppers (15%), and greenhouse lettuce (2%).
THERMI VC’s hydroponic units aim to cover a substantial portion of domestic demand for fresh produce, reducing imports while creating export opportunities to demanding markets in Central and Northern Europe, the Middle East, and North Africa. The company aspires to establish Greece as an innovation hub in the sector of technologically advanced, controlled-environment cultivation.
Mr. Takas emphasizes that these investments support regional development, improve production quality, align with the European Green Deal, and create both skilled and unskilled jobs.
THERMI VC’s Northern Greece Investment Fund (NGIF), totaling €30 million, has already financed 12 dynamic companies across sectors such as industry, technology, energy, and agri-tech. The company plans to launch a new investment fund after 2025, continuing its commitment to supporting innovative investments in Greece.
