This expertise has transformative potential as ammonia is the important ingredient producing fertilizer and a key enabler of the low-carbon vitality transition.
This expertise has transformative potential as ammonia is the important ingredient producing fertilizer and a key enabler of the low-carbon vitality transition.
Conventional ammonia manufacturing could be very carbon intensive which is why Jupiter Ionics’ use of electrolysis to make ammonia — with probably zero carbon emissions — is so revolutionary for international meals manufacturing and the broader vitality transition.
Inexperienced Ammonia could have a variety of makes use of in a low-carbon future, together with as a gasoline in its personal proper, in worldwide transport and as a retailer of hydrogen.
The funding will go in the direction of accelerating the size up of a self-contained system that takes in water, air and renewable vitality and produces ammonia.
CEO Dr Charlie Day mentioned three new traders, Wesfarmers Chemical compounds, Power & Fertilisers, CIMIC Group, and Breakthrough Victoria, joined authentic traders, Tenacious Ventures, Monash Funding Holdings, JCVC and Olabella, to proceed advancing the shift to a web zero future.
“We’ve made nice strides over our first few years as an organization, and this funding will assist us combine our expertise into bigger prototypes and speed up our path to market,” he mentioned.
CIMIC Group Government Chairman Juan Santamaria mentioned: “Manufacturing of carbon-neutral, inexperienced ammonia is vital to enabling ammonia-fuelled transport and the export of renewable vitality. This capital increase is a constructive step in the direction of commercialising Jupiter Ionics’ electrochemical expertise.”
Monash College CCO and Jupiter Board member Alastair Hick mentioned accelerating the scaling up of inexperienced ammonia manufacturing with innovating applied sciences has by no means been extra important.
“Jupiter Ionics is making nice progress in the direction of reaching a big international affect and we’re delighted to be a part of that,” he mentioned.
CEO Grant Dooley mentioned Breakthrough Victoria was excited to put money into Jupiter Ionics and their mission to make ammonia manufacturing extra sustainable and decarbonise agricultural manufacturing methods.
“This funding aligns with our dedication to supporting revolutionary options that tackle each environmental and financial challenges and represents an essential sovereign functionality for Australian agriculture,” he mentioned.
The funding comes a 12 months after Jupiter Ionics’ expertise was recognised by a variety of main worldwide our bodies, together with the Royal Society of Chemistry and the Nature Awards spinoff prize.
