Funding for ammonia energy startups in 2024
2024 has seen successful funding rounds for a number of ammonia energy startups, ranging in focus from catalyst development to next-generation, modular synthesis technologies.
2024 has seen successful funding rounds for a number of ammonia energy startups, ranging in focus from catalyst development to next-generation, modular synthesis technologies.
During the recent 2024 Ammonia Energy Conference, we explored all the latest developments in ammonia-powered maritime propulsion. Engine makers reported strong progress ahead of deployment in 2026, the same year that large-scale vessels will hit the water. The panel explored early operations for the ammonia-powered A-Tug in Japan, as well as ancillary technology systems required for maritime ammonia engines, catalyst after-treatment systems for emission mitigation, and the potential for fuel additives to boost ammonia engine performance.
Backed by the German Federal Government, MAN Energy Solutions will lead a consortium building on previous work to design and test an ammonia-powered four-stroke engine for marine applications.
Latvia-based PurpleGreen Energy will deliver 550,000 tons per year of ammonia over a twenty-year contract period to German energy trader Select Energy. The under-development renewable ammonia production plant at the Port of Ventspils on the Baltic Sea is scheduled to begin operations in early 2029, powered by renewable electricity from Latvia’s national grid.
Topsoe’s SOE manufacturing plant in Herning, Denmark is on-track to begin operations this year, with the first 100 MW of units to be delivered in early 2025 to First Ammonia for its renewable ammonia production project in Port of Victoria, Texas.
Yara is expanding its capabilities for import of low-emission ammonia across Europe, with new infrastructure and a series of offtake agreements already announced in 2024. Hear more from Yara Clean Ammonia CEO Hans Olav Raen at our upcoming annual conference.