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.
