Technology company AmmPower Corp., Toronto, said on March 18 that its prototype for the IAMM™ agricultural unit, the Independent Ammonia Making Machine™ (GM Feb. 11, p. 1), is near completion.
The company said the prototype is completely scalable in its technology stack, and the sales cycle beginning next quarter will aim to sell IAMM™ units – capable of generating 4 mt/d of carbon-free green ammonia – at tradeshows and direct to consumers.
AmmPower said it intends to price the units competitively, having regard to maximizing prospective customers’ return on investment and eligibility for carbon credits and similar government incentives. The company earlier suggested a price tag of $3-$3.5 million.
“The farming space has always been subject to high volatility due to factors out of its control,” said AmmPower Director of Sales and Marketing, Agriculture Eric Kelley. “The IAMM™ unit allows farmers to take charge of their own ammonia supply. The fact that the ammonia is green, with no reliance on natural gas, is an added bonus for all stakeholders involved. I feel that the IAMM™ will be a critical disruptor in a quickly evolving agricultural market.”