Sustainability is one of the most in-demand sectors of the 21st century. The rise in electric vehicles, zero waste communities, and even upcycled clothing has proved that consumers want to invest in the future of their planet as well as their portfolio. There’s even a whole investing niche dedicated to it.
Clean energy is a massive part of the sustainability puzzle. But with experts finding limitations with lithium’s lack of supply and hydrogen’s demanding storage and travel conditions —it seems there are still a few pieces missing.
You might have heard the rumours going around that ammonia is powering the next clean energy revolution in fuel. The sector has since been looking for sustainable alternatives, and ammonia looks like the perfect fit.What is ammonia all about?
The chemical, also known as NH3, is a colourless gas composed of nitrogen and hydrogen atoms. It’s produced naturally in the human body and in nature—in water, soil and air, and even in tiny bacteria molecules.
The clean energy alternative has been getting some serious attention from industry experts lately, some even calling it the “next oil”. According to Business Wire, the global ammonia industry will likely reach US$70.3 billion by the year 2027.
So what is it about ammonia that is getting everyone so excited? Well, firstly, it has 1.8 times the energy density of hydrogen and nine times the energy of lithium-ion batteries, meaning it’s one mighty source of power.
It also only needs to be stored -33 degrees celsius, unlike its competitor hydrogen that needs to be stored at -253 degrees celsius, allowing users to massively save on energy. Ammonia is also less flammable, easier to transport, and generally a very cost-effective chemical.AmmPower
One company that is at the forefront of ammonia innovation is AmmPower (CSE:AMMP).
The company is working on modular green ammonia producing units, a type of ammonia that is in high demand for its ability to provide clean fuel in high-demand industries such as shipping.
AmmPower is focused on researching green ammonia in its R&D facility. The company’s future plans include providing its clients with their own ammonia production facilities, which will ultimately improve efficiency and production costs.
The company’s laser-focus, high quality and cost-efficient green ammonia products, as well as its efforts in cutting edge research, give it leading edge over its competitors. It’s no wonder that since October 2020, the company’s share price has been up almost 240%.
With the ammonia industry still in its early stages, now is the perfect time to capitalize on this up-and-coming industry.