Pillar VC

Assembly Line

Addis Energy Introduces Novel Technology to Unleash the Earth’s Potential for Clean Ammonia Production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Addis Energy, Engine Ventures, Pillar VC, Voyager Ventures


Addis Energy introduced its technology platform, which harnesses the Earth’s chemical and thermal potential for clean ammonia production at low cost through a net energy-positive process. The platform unlocks energy abundance and affordability by combining next-generation chemical innovation with legacy expertise from the oil and gas industry, and will create new economic opportunities for domestic energy production with zero emissions. Addis Energy has raised $8.75 million total to date: $4.5 million from ARPA-E through its Vision OPEN program and $4.25 million in pre-seed funding from Engine Ventures, Pillar VC and Voyager Ventures. This month, the company’s co-founder Dr. Iwnetim Abate published a paper in the peer-reviewed scientific journal Joule outlining how ammonia can be produced directly from iron-rich rocks using only the injection of nitrate-source water into the Earth’s subsurface. The novel process leverages established oil and gas drilling techniques to access subsurface heat and pressure, offering a low carbon intensity alternative to conventional ammonia synthesis at cost parity.

Read more at Business Wire