Featured in Connections that count – 10-2022

The green ammonia opportunity

High gas prices have pushed ammonia prices sky-high, reaching $1,600 per ton. At this price, by the end of its contract in 2035, the Beatrice offshore wind farm in the United Kingdom would be more profitable producing green ammonia than electricity if the capture price for electricity is below $114/MWh. Everoze partner David Thomason highlights how designing renewable energy projects for diversified revenue streams such as green ammonia can allow them to capture high electricity prices today, while protecting them from cannibalization tomorrow.

By

pv magazine

05 Oct 2022

Source: Everoze

Half of the world’s food production relies on ammonia fertilizers, according to the International Fertilizer Association. The standard Haber-Bosch process transforms hydrogen and nitrogen into ammonia. But this also emits large amounts of CO₂ as 96% of the hydrogen used today relies on fossil fuels, per the International Energy Agency. In fact, 3-5% of the …

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