The worldwide shift toward cleaner, greener energy sources once again appears to be picking up speed.
While the world’s focus on climate change understandably took a backseat to the Covid-19 pandemic for most of the past 18 months, that focus on climate change has started to return in a powerful way.
In fact, our transition into a post-pandemic environment is triggering a number of significant opportunities in the green energy space.
Much of the early attention of the clean energy movement was focused on lithium thanks to the heavy attention paid to the electric vehicle markets.
But a stark reality has emerged for lithium in that it has become increasingly obvious that lithium may not be able to provide enough power to support a full transition of heavier industries to clean and sustainable energy sources.
Many of these “heavy” industries – including the maritime and shipping industries – have already begun to search for alternatives that can help power a sustainable future.
One of those alternative energy sources – which appears to have the potential to provide a tremendous amount of industrial power – may be something you had never considered: ammonia.
Ammonia Could Be a key “Fuel of the Future”
The experts at Chemical & Engineering News have called ammonia a fuel of the future that may be “a perfect commodity for a future hydrogen economy.”
And one company could emerge as a leader in the rapidly-growing Green Ammonia space…
Offering early exposure and a possible first-mover advantage for investors.
AmmPower is a Canadian company aiming to provide large and medium sized ammonia producing units for industry, manufacturing, heavy equipment operators, maritime and shipping.
In other words, AmmPower is looking to positioning itself as an early leader in supplying Green Ammonia to those industries that need it most.
And make no mistake – the global ammonia industry is at this very moment in the early stages of a potentially massive growth phase thanks to ammonia’s extraordinary potential as a clean energy alternative.
Ammonia May Hold 9 Times the
Energy of Lithium-Ion Batteries
Ammonia, of course, is a compound made of nitrogen and hydrogen – with a chemical formula of NH3.
It is produced naturally in the human body and in nature – in water, soil and air…even in tiny bacteria molecules.
Of course, ammonia’s main use – at least at the present time – is in fertilizer.
But it may be rapidly emerging as a potentially game-changing source of clean energy.
Chemical & Engineering News reports that, “ammonia could come to the (climate change) rescue by capturing, storing, and shipping hydrogen for use in emission-free fuel cells and turbines. Efforts are also underway to combust ammonia directly in power plants and ship engines.”[i]
Ammonia offers a number of critical advantages over other energy sources, such as:
Ammonia is reported to have 1.8 times the energy density of hydrogen…
And ammonia needs to be stored at -33 Celsius, as compared to the more logistically complex -253 Celsius that is required for hydrogen storage.
The potential for ammonia to play a significant role in the global transition to cleaner energy sources appears to be gaining recognition on a wider scale.
The industry analysts at Fior Markets project that the global ammonia market is expected to continue its growth, reaching a potential USD $81.42 billion by 2025.
In addition, a joint venture in oil-rich Saudi Arabia has announced plans to invest $5 billion into a hydrogen-based ammonia facility powered by renewable energy…
And an Oman-India JV has announced plans for a $2.5 billion green ammonia project in the Duqm SEZ.
Ammonia’s Potential in the Marine Industry
The global marine industry is a large, readily available market that has already begun turning to ammonia to help meet its energy needs.
Ship owners and industry analysts alike say they expect ammonia may play a pivotal role in the de-carbonization of cargo ships, which aim to reduce emissions by 50% from 2008 levels by 2050.
And according to one consultancy report, ammonia could make up 25 percent of the maritime fuel mix by midcentury, with nearly all newly built ships running on ammonia from 2044 onward.
The future of energy for the global shipping industry looks clear – and it could be heavily dependent upon ammonia.
With a commitment to significant reduction in carbon emissions, that means the clock is ticking.
We think ammonia’s potential as both a fuel source and as a way to transport hydrogen means that investors could see significant opportunities in those companies who establish early leadership positions in the ammonia space.
How AmmPower Plans to Develop Effective, Efficient Production of Green Ammonia
So, what steps are they taking that could help establish the company as an early mover in the rapidly-growing…