July 20, 2023
By
CTECH
Nitrofix raises $3.1 million Seed to produce ammonia from water and
air
Nitrofix, which produces zero-emission ammonia through a novel
electrochemical process, announced on Thursday $3.1 million in Seed
financing. The Israeli startup plans to accelerate the production of
green ammonia from just water and air for the agriculture, hydrogen,
and maritime fuel markets. The round was led by Clean Energy Ventures,
with participation from SOSV, Zero Carbon Capital, UM6P Ventures, and
High House Investments.
Full list of Israeli high-tech funding rounds in 2023
Developed by Professor Ronny Neumann at the Weizmann Institute of
Science, one of the world’s leading multidisciplinary research
institutions in the natural and exact sciences, Nitrofix’s technology
provides a cost-effective and zero-emission electrochemical approach
to ammonia production. Unlike traditional carbon-intensive ammonia
methods, the company’s low-cost and selective catalyst for ammonia
enables the reaction at low-voltage and low-power consumption,
producing green ammonia from water and air and reducing gigatons of
carbon emissions at cost parity.
Nitrofix co-founders Ophira Melamed and Meital
Alon. (Nitrofix)
Nitrofix is headed by CEO Ophira
Melamed and CTO Meital Alon, both of whom are co-founders.
By using water as a source of protons instead of fossil fuels, the
technology reduces the activation energy needed to combine nitrogen
with hydrogen – using half as much electricity as peers in the sector
– enables decentralized production of ammonia and has the advantage of
scaling to a distributed model. With ammonia demand expected to
increase threefold by 2050, Nitrofix aims to create a more sustainable
use of ammonia for industries, such as fertilizers for food, coolants
in air conditioning, and maritime fuel for the transport of essential
goods.
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“If the crisis extends longer, it will take us years to reverse the
damage”
According to the company, over 50% of global food production today is
dependent upon access to ammonia, which also serves as a crucial input
for maritime fuel, hydrogen (as an energy carrier), cooling, and
polymers. Though essential for these industries, ammonia is one of the
most emissions-intensive commodities, producing 2.5 tons of CO2 for
every ton of ammonia produced.
“Nitrofix’s approach to green ammonia production is changing how the
agriculture, shipping, and polymers industries can track toward
carbon-neutral outputs to reach their global decarbonization goals by
2050,” said Daniel Goldman, Co-founder and Managing Partner of Clean
Energy Ventures. “Out of the many green ammonia companies we assessed,
Nitrofix was the only company to disrupt the conventional fossil
energy and carbon-intensive Haber-Bosch approach and create an
economic path to decarbonizing a global industry.”
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
Nathan1@greenplayammonia.com
exactrix@exactrix.com
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