Addis Energy, a Cambridge, MA-based launched its know-how platform, which harnesses the Earth’s chemical and thermal potential for clear ammonia manufacturing, raised $4.25M in Pre-Seed funding.
The spherical, which introduced the whole quantity to $8.75M, noticed participation from Engine Ventures, Pillar VC and Voyager Ventures.
The corporate intends to make use of the funds to broaden its analysis and growth staff, and establish potential pilot program areas throughout the U.S.
Led by CEO Michael Alexander, Addis Power offers know-how that includes the injection of nitrogen and water into iron-rich rocks, utilizing in-situ subsurface warmth and strain to supply geologic ammonia by way of a carbon-free and internet energy-positive course of.
FinSMEs
22/01/2025
