Multimillion-dollar capital raise for green ammonia advance
Jupiter Ionics raised $9 million to advance their electrochemical green ammonia technology.
Their technology aims to revolutionize ammonia production by using electrolysis, potentially reducing carbon emissions to zero.
Green ammonia is crucial for low-carbon energy transitions, serving as a fuel, in international shipping, and as a hydrogen storage medium.
The funding will accelerate the development of a system that converts water, air, and renewable energy into ammonia.
New investors Wesfarmers Chemicals, Energy & Fertilisers, CIMIC Group, and Breakthrough Victoria joined the funding round.
The investment will help integrate the technology into larger prototypes and speed up the path to market.
The technology's development is seen as key to enabling ammonia-fueled transport and exporting renewable energy.
Accelerating green ammonia production is critical for reducing the carbon footprint of agricultural production systems.
The investment in Jupiter Ionics aligns with efforts to support innovative solutions for environmental and economic challenges.
Jupiter Ionics' technology has been recognized by leading international bodies, including the Royal Society of Chemistry.