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, according to Bloomberg. Temasek’s Xora Innovation and Material Impact Inc. led the series A funding round, Talus said on Nov. 2. 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 (GM Oct. 13, p. 1). The operation uses solar power to split water atoms, freeing up hydrogen to be mixed with nitrogen to create the fertilizer. Talus also has an agreement with Landus Cooperative in Iowa.
“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,” said Phil Inagaki, Xora’s Managing Director.