Talus Renewables, a renewable energy infrastructure company and creator of the first modular green ammonia system deployed commercially, has raised $22m in a Series A financing.
The financing was co-led by Material Impact and Xora Innovation, a deep tech early-stage investment platform of Temasek, and joined by Cavallo Ventures, the VC arm of Wilbur-Ellis, and Rice Investment Group.
With this funding, Talus will ramp up production of its green ammonia technology, using water, air, and renewable power to revolutionize production of fertilizer, and enable on-site operations that significantly reduce the carbon footprint of historically difficult-to-decarbonize industries.
Talus’s systems’ ability to generate lower-cost, carbon-free ammonia at or near the point of use reduces or eliminates supply chain length for agriculture, mining, and industrials, with additional applications in maritime shipping, renewable energy storage, and power generation.
Talus will deliver multiple talusOne (up to 1.4 tonnes of green ammonia daily) and talusTen (up to 20 tonnes) systems beginning later this year in US and European markets. The first talusOne was installed in partnership with the Kenya Nut Company in the Kenya Highlands.
“We are gratified by our investors’ confidence in our ability to provide a more sustainable, cost-effective, and secure path forward for critical industries,” said Hiro Iwanaga, Co-Founder and CEO of Talus Renewables. “The promise of rapidly deployable, modular, autonomous green ammonia systems will extend far beyond agriculture to industrial and renewable energy applications.”
