GenCell Energy, an Israel-based manufacturer of fuel cell energy solutions and the giant TDK Corporation, one of the leading manufacturers of lithium ion batteries, have signed a framework agreement intended to support GenCell in developing a novel and low-cost approach to producing green ammonia. GenCell plans to develop an end-to-end, clean, low temperature and highly energy-efficient process for green ammonia production, aimed at replacing the 235 million metric tons of industrial ammonia produced today, reflecting a market value of some US$70 billion. The development effort to achieve a technological Proof of Concept will involve an initial investment of some US$ 8.5 million.
The rapidly expanding green ammonia market has been forecasted by Argus Research to grow to a billion tons per annum market, as it is increasingly becoming the disruptive fuel of the future that will be able to drive decarbonisation across numerous segments of the global energy markets.
This technology signifies an important step forward for TDK towards achieving by 2050 the zero-carbon emission targets set by the government of Japan. “We are extremely pleased to reach this important milestone towards developing our green ammonia vision,” comments Dai Matsuoka, CTO, TDK Corporation. “Looking at the excellent progress we have made to date in our technology cooperation with GenCell, we are confident that together we will succeed in translating this vision to reality and in applying deep materials science knowledge to create the chemistry that will fuel our future.”
Rami Reshef, GenCell CEO commented “GenCell salutes our partners at TDK for their leadership, commitment and perseverance in working with us to flesh out these designs and concepts for green ammonia synthesis and to translate them into valuable scientific knowhow and repeatable processes that will allow us to revolutionise, streamline and economise ammonia production. We are confident that our disruptive and economical approach will displace costly alternatives and garner interest and market share both for TDK and GenCell. More importantly, this technology will enable the broad availability of green ammonia and the proliferation of self-sustaining green ammonia-driven “nano-power” stations.”