A unit of Temasek Holdings Pte Ltd. co-led a$22 million investment round in the world’s first producer of onsite green ammonia plants, Talus Renewables. Temasek’s Xora Innovation and Material Impact Inc. led the series A funding round, Talus said in a statement on Thursday. Cavallo Ventures Inc. and Rice Investment Group also invested.
Talus last month installed its first plant at a farm owned by Kenya Nut Co. in Naivasha, near the capital Nairobi. The operation uses solar power to split water atoms, freeing up hydrogen to be mixed with nitrogen to create the fertilizer. That does away with the need to import the nutrients from distant locations such as Russia.
Phil Inagaki, Xora’s managing director, said in the statement.
“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.”
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