Addis Energy
Updated: January 21, 2026
The team
Country: USA | Funding: $17.1M (+)
Founded: 2024
Website: https://addisenergy.com/
Addis Energy has developed a new technology for producing ammonia fuel for marine and industrial electricity generation. It first locates underground rocks rich in iron, then injects water, nitrogen and chemical catalyst into these rocks. This causes the oxygen in the water to bond with the iron in the rocks, forming rust and releasing hydrogen, which reacts with the nitrogen to form ammonia. The advantage of this process is that once the startup can implement this reaction on a large scale, ammonia production will be three times cheaper than the traditional process, which requires natural gas subjected to high temperatures and pressures. Besides, Addis' technology is clean, while the traditional ammonia production relies on a fossil fuel dependent chemical reaction called the Haber-Bosch process, which accounts for nearly 2% of carbon emissions annually.
Founded: 2024
Website: https://addisenergy.com/
Addis Energy has developed a new technology for producing ammonia fuel for marine and industrial electricity generation. It first locates underground rocks rich in iron, then injects water, nitrogen and chemical catalyst into these rocks. This causes the oxygen in the water to bond with the iron in the rocks, forming rust and releasing hydrogen, which reacts with the nitrogen to form ammonia. The advantage of this process is that once the startup can implement this reaction on a large scale, ammonia production will be three times cheaper than the traditional process, which requires natural gas subjected to high temperatures and pressures. Besides, Addis' technology is clean, while the traditional ammonia production relies on a fossil fuel dependent chemical reaction called the Haber-Bosch process, which accounts for nearly 2% of carbon emissions annually.
