ImpactAlpha, July 21 — The race is on to commercialize green ammonia, a gas made from a chemical reaction between nitrogen separated from air and hydrogen from water electrolysis. Green ammonia can replace carbon-intensive “brown” ammonia for fertilizer and transport.
This week, Israel-based Nitrofix, which has a one-step process to catalyze water and air to make ammonia, raised a $3.1 million seed round led by Clean Energy Ventures. Carlyle is looking to raise $2 billion for a renewable and sustainable energy fund that will invest in green ammonia production.
The fund, which has secured $591 million in commitments so far, has made four investments in green ammonia, solar and storage projects.
Clean tech
A partnership between Canada Pension Plan Investment Board and Dutch hydrogen developer Power2X will invest €130 million ($145 million) in green hydrogen, methanol and ammonia. Last week, Spring Lane Capital, through a new $290 million sustainable infrastructure fund, backed Argo Development Partners to develop biofuels, organic fertilizer and green ammonia.
Earlier this month, Mumbai-based Avaada Group scored $1.3 billion from Brookfield Renewables and others to ramp up production for green ammonia, methanol and hydrogen, along with solar manufacturing and renewable power generation.
