Climate tech investor Elemental Excelerator, San Francisco, announced on Nov. 2 their 11th cohort of investments, comprising 17 companies focused on climate technology and decarbonization. Renewable fertilizer technology company Nitricity, San Francisco, has been included in the cohort as part of Elemental Excelerator’s focus on climate resilience.
“Nitricity solves two crucial components of the food system’s emissions: removing fossil fuels from the production of fertilizer, and preventing the need to transport that fertilizer from across the world,” said Mitch Rubin, Director of Innovation, Elemental Excelerator. “We need local, renewable production of fertilizer to enhance our resilience to global fertilizer markets, given massive price increases this year. Nico and his team are extremely committed to improving how we grow food and providing better alternatives to farmers, and we’re very excited to be working with them.”
Nitricity said the funding will support its ability to produce agriculture-grade climate-smart nitrogen fertilizers, such as calcium nitrate, to be tested in the field, with one such trial to be conducted in almond orchards in partnership with Olam Food Ingredients (OFI).
“The support from Elemental Excelerator and membership in this esteemed cohort will be an important catalyst for Nitricity’s next phase of growth,” said Nicolas Pinkowski, CEO and Co-Founder of Nitricity. “Our focus is now on scaling our technology to establish regionalized fertilizer production for farmers.”