Jupiter Ionics – $9 million capital increase to progress their electrochemical inexperienced ammonia know-how.
A greener option to feed the world is one step nearer with Jupiter Ionics’ $9 million capital increase to progress their electrochemical inexperienced ammonia know-how.
This world-leading know-how has transformative potential as ammonia is the important ingredient producing fertiliser and a key enabler of the low-carbon vitality transition.
Conventional ammonia manufacturing may be very carbon intensive which is why Jupiter Ionics’ use of electrolysis to make ammonia — with doubtlessly zero carbon emissions — is so revolutionary for world meals manufacturing and the broader vitality transition.
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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 stated three new buyers, Wesfarmers Chemical compounds, Power & Fertilisers, CIMIC Group, and Breakthrough Victoria, joined authentic buyers, Tenacious Ventures, Monash Funding Holdings, JCVC and Olabella, to proceed advancing the shift to a internet zero future.
Dr Charlie Day, CEO, stated:
We’ve made nice strides over our first few years as an organization, and this funding will assist us combine our know-how into bigger prototypes and speed up our path to market.
Juan Santamaria, CIMIC Group Government Chairman, stated:
Manufacturing of carbon-neutral, inexperienced ammonia is vital to enabling ammonia-fuelled transport and the export of renewable vitality.
“This capital increase is a optimistic step in the direction of commercialising Jupiter Ionics’ electrochemical know-how.”
Monash College CCO and Jupiter Board member Alastair Hick stated accelerating the scaling up of inexperienced ammonia manufacturing with innovating applied sciences has by no means been extra vital.
“Jupiter Ionics is making nice progress in the direction of attaining a major world affect and we’re delighted to be a part of that,”
CEO Grant Dooley stated Breakthrough Victoria was excited to spend money on Jupiter Ionics and their mission to make ammonia manufacturing extra sustainable and decarbonise agricultural manufacturing methods.
Grant Dooley, CEO, stated:
This funding aligns with our dedication to supporting progressive options that deal with each environmental and financial challenges and represents an necessary sovereign functionality for Australian agriculture.
The funding comes a yr after Jupiter Ionics’ know-how was recognised by a variety of main worldwide our bodies, together with the Royal Society of Chemistry and the Nature Awards spinoff prize.
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Jupiter Ionics – $9 million capital increase to progress their electrochemical inexperienced ammonia know-how. supply
