Starfire Energy, a developer of modular chemical plants for the production of carbon-free ammonia and carbon-free hydrogen, today announced the close of a major funding round. The investment round was led by
Ammonia is a promising energy carrier with an energy density comparable to fossil fuels and significantly higher than Li-ion batteries, compressed, or liquid hydrogen. It can be inexpensively and easily stored and transported, leveraging established infrastructure and shipping networks, and is regulated by well-developed codes and standards. Ammonia can be used directly as a fuel or it can be 'cracked', and its hydrogen harvested to provide a stable and efficient means of hydrogen storage and transportation.
Conventional ammonia production has a significant carbon footprint. Traditionally made from natural gas, the production of ammonia emits two tonnes of carbon dioxide for everyone tonne of ammonia produced. Starfire Energy leverages a patented catalysis technology that allows for the synthesis and cracking of carbon-free ammonia and hydrogen-leveraging renewable energy sources.
Starfire Energy's 'Rapid Ramp NH3' ammonia synthesis technology produces zero carbon ammonia using only renewable energy, air, and water as inputs. The modular solution is sized to connect directly with renewable energy production, providing a scalable, distributed source of zero carbon ammonia. The company has also developed their Prometheus Carbon-free Fire, a system to crack ammonia back into hydrogen providing an efficient means of green hydrogen storage and transportation.
Starfire's plants will provide carbon-free fuel to power utility gas turbines, large-scale ships, process heat for industries like steel and cement and fuel cell vehicles. The modular plants are mass-produced and assembled onsite for maximum reliability and quality along with low and repeatable costs.
“We are very excited to be partnering with such notable global partners as we continue to scale up our systems and operations,” said
“We are excited to be leading this pivotal round for Starfire Energy,” said
“NET sees Starfire Energy as the most advanced green ammonia production candidate in the world. Our role is to unlock the value chain by accelerating green ammonia production projects, and Starfire is key to that. As a key commercialization partner we're excited to take Starfire's innovative technology out of the lab and get it into projects and to scale as quickly as possible. This is important technology for the world because it will help us reach net zero faster. We look forward to seeing Starfire as a core critical part of the green ammonia production sector right around the world, as green fuels become central in the new energy landscape” said
“Our investment in Starfire Energy gives us visibility into green hydrogen's potential to improve the way ammonia is produced, distributed, and consumed,” said
“MHI views clean ammonia as an important new energy source for fuel use and hydrogen carriers and we are committed to expanding the hydrogen and ammonia value chain from production to utilization by developing technologies such as the hydrogen and ammonia gas turbine,” said
New Energy Technology brings new green fuel technologies to market. NET focuses on emerging technology for green fuel production and green ammonia applications across the energy sector. NET works with technology innovators, providing finance and commercialization to achieve global scaling.