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.
Decarbonization of existing steam methane reforming-based ammonia plants is possible, and changes in gas and heat flows can be recovered via alternative technologies. Recap our workshop in Atlanta, where we discussed the use of upstream methane monitoring equipment, electrolysers, carbon capture, hydrogen burners, energy storage and electric heating to achieve decarbonization of conventional ammonia plants.
Our June episode of Ammonia Project Features focused on a new project in Niigata prefecture, which will demonstrate low-carbon, fossil-based ammonia production with a capacity of 500 tonnes per year. As part of the project, Japanese government organization JOGMEC will work with INPEX to develop enhanced gas recovery & CO2 sequestration monitoring technologies. Tsubame BHB will deploy its low-temperature, low-pressure ammonia synthesis technology based on an electride-supported catalyst developed at the Tokyo Institute of Technology.
A fast-growing ecosystem of startups is progressing various technology pathways in Australia and New Zealand. Melbourne-based Jupiter Ionics is developing an electrolytic cell that will directly reduce nitrogen to ammonia under mild temperature and pressure conditions. In New Zealand, Liquium is embarking on a pilot-scale deployment of its miniaturised Haber Bosch technology. The University of Newcastle and Element One are progressing validation and pilot-phase deployments of AMMONIAC - a novel, “chemical-looping” ammonia production system. And in Sydney, PlasmaLeap is developing a plasma-based system, with on-farm trials already planned.
Flexible ammonia production technology is currently scaling up to meet the challenges of fluctuating electricity feedstock. The ability to ramp down plants to 5 - 10% of their nominal load will minimize the requirement for hydrogen storage buffers and reduce the overall cost of renewable ammonia production. The first demonstration-sized flexible ammonia plants are due to begin operations later this year.