ImpactAlpha, August 16 — San Francisco-based Nitricity is among a new crop of agtech ventures helping farmers break their reliance on synthetic nitrogen fertilizer, which is expensive for farmers and is a major contributor to climate change (see, “Pivot Bio rakes in $430 million to replace synthetic nitrogen in agriculture”).
Nitricity’s technology and on-site farming hardware helps farmers save money by producing their own fertilizer using only air, water and electricity. The company claims the technology can prevent a billion metric tons of greenhouse gas emissions each year.
Energy Impact Partners led the seed financing round, with participation from Fine Structure Ventures, Lowercarbon Capital and MCJ Collective.
