Starfire Energy is one of three finalists in the Emerging Cleantech Company category for Colorado Cleantech Industries Association’s annual awards. Lots of wonderful Colorado Cleantech companies in the community. We are honored to make the finalist lis
Month: November 2022
Starfire fully engaged at the recent Ammonia Energy Association Conference
Jennifer Beach, COO of Starfire Energy and member of the AEA’s Board of Directors, provided strategic Ammonia Energy Association insights during an interview while Joe Beach, CEO of Starfire Energy, queried panelists with thoughtful questions about new ammonia projects, market opportunities, and green ammonia certification plans at the Association’s recent conference in Phoenix, AZ.
Starfire Energy is slated to be a participating partner in a first of its kind pilot
Special Presidential Envoy for Climate John Kerry and Ukraine Minister of Energy German Galushchenko announced a Ukraine Clean Fuels from SMRs Pilot project that will demonstrate production of clean hydrogen and ammonia using secure and safe small modular nuclear reactor (SMR) and cutting-edge electrolysis technologies in Ukraine.
The project aims to carry out a first-of-a-kind pilot of commercial-scale production of clean fuels from SMRs using solid oxide electrolysis. Building on existing capacity-building cooperation launched under the U.S. Foundational Infrastructure for Responsible Use of SMR Technology (FIRST) program, the project seeks to support Ukraine’s energy security goals, enable decarbonization of hard-to-abate energy sectors through clean hydrogen generation, and improve long-term food security through clean ammonia-produced fertilizers. Further, it aims to demonstrate Ukraine’s innovative clean energy leadership through the use of advanced technologies.
Participating partners for the pilot include a multinational consortium from Argonne National Laboratory, Ukraine’s Energoatom, National Security and Defense Council, and State Scientific and Technical Center for Nuclear and Radiation Safety, and private companies Clark Seed, Doosan Enerbility, FuelCell Energy, IHI Corporation, JGC Corporation, NuScale Power, Samsung C&T, and Starfire Energy.
In a second announcement, Special Envoy Kerry launched a new initiative, Project Phoenix, to accelerate the transition in Europe of coal-fired plants to SMRs while retaining local jobs through workforce retraining. Project Phoenix will provide direct U.S. support for coal-to-SMR feasibility studies and related activities in support of energy security goals for countries in Central and Eastern Europe.
The United States is committed to supporting the use of innovative clean energy technologies to power global decarbonization efforts and providing options to achieve net zero transition in hard-to-abate energy sectors.
Starfire Energy Raises $24 Million Series B Funding for Modular Carbon-Free Ammonia Fuel Technology
Groundbreaking sustainable ammonia company continues rapid advancement toward mass commercialization
Starfire Energy, a developer of modular chemical plants for the production of carbon-free ammonia, today announced a $24 million Series B funding round. The funding round was led by Samsung Ventures and includes investments by AP Ventures, Çalık Enerji, Chevron Technology Ventures, Fund for Sustainability and Energy, IHI Corporation, Mitsubishi Heavy Industries, Osaka Gas USA, Pavilion Capital, Rockies Venture Club, and Friends and Family. This investment supports Starfire Energy’s commitment to making sustainable energy a reality by offering cost-effective, modular, and easily implemented carbon-free ammonia production and ammonia cracking systems.
The new funding raised will be used for continued product development of the Rapid Ramp© and Prometheus Fire© systems. Rapid Ramp uses a modular system design for the production of green ammonia using air, water, and renewable energy as the sole inputs. Starfire Energy is currently in discussions with multiple organizations for field-demonstration programs that will jump-start product availability and shipment worldwide. While ammonia has been used as a fertilizer for over a hundred years, new end-use markets have arisen for the power generation, grid storage, industrial heat, maritime, and mining sectors.
Additionally, Starfire Energy will utilize part of the funds to continue development of the Prometheus Fire© product line. Prometheus Fire© is an advanced cracking system that converts ammonia into hydrogen. The Prometheus system operates at lower temperatures than other crackers and creates cost-effective ammonia-hydrogen blends that can replace natural gas. By developing complimentary systems that produce both green ammonia and crack ammonia into hydrogen, Starfire is bringing to market technologies that accelerate the transition to a carbon-free future.
“The industry standard Haber-Bosch process does not perform well using variable renewable energy for its power. Starfire has developed a new process that solves the issue of needing to run ammonia synthesis in a steady state. Our Rapid Ramp© technology can quickly ramp ammonia production up and down, including turning on and off, according to when intermittent renewable energy is available. It requires no
hydrogen storage or energy storage, which is essential for affordable renewable ammonia production,” stated Joe Beach, Chief Executive Officer of Starfire Energy. “We are delivering a truly disruptive technology solution that solves a very real industry problem while also helping to solve the global problem of sustainable energy.”
Starfire Energy’s Rapid Ramp© system is adding ammonia fuel to the international sustainable energy discussion as a true innovation because the platform allows for far easier, safer, and cheaper storage and transportation than other carbon-free fuels. Ammonia is a well-known industrial commodity with global infrastructure already in place. There are companies around the world developing equipment to use carbon-free ammonia fuel in place of natural gas, diesel, and bunker fuel.
Liam Ahn, Principal with Samsung Ventures, commented, “It’s exciting to find a company that has the potential to disrupt multiple industries and simultaneously make carbon-free energy a reality. Starfire Energy is moving forward quickly into a market that is well set for a combination of growth and revenue potential.”