Green ammonia systems developer Talus obtains USD 22m

US green ammonia systems supplier Talus Renewables has raised USD 22 million (EUR 20.6m) in a Series A funding round co-led by Material Impact and Temasek’s Xora Innovation.

Cavallo Ventures, the venture capital (VC) arm of Wilbur-Ellis, and Rice Investment Group also took part in the transaction, according to a press statement on Thursday.

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Talus is the developer of the first modular green ammonia system deployed commercially. The company plans to use the newly-raised funding to ramp up production of its technology, which, it says, helps cut supply chain length for agriculture, mining, and industrials by producing ammonia at or near the point of use. Additional applications are seen in maritime shipping, renewable energy storage and power generation.

“While most companies in the green ammonia space are still in the product development or project planning phase, Talus has already begun delivering systems to customers and is poised for rapid growth,” commented Phil Inagaki, managing director of Xora Innovation.

Talus expects to start delivering multiple units of its talusOne and talusTen systems later this year in the US and European markets. The first talusOne unit has already been installed in the Kenya Highlands.

(USD 1.0 = EUR 0.939)