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.
