SAN FRANCISCO, Nov. 2, 2022 – Leading climate tech investor, Elemental Excelerator, announced today their 11th cohort of investments, comprising 17 companies focused on climate technology and decarbonization. Renewable fertilizer pioneer, Nitricity, has been included in the cohort as part of Elemental Excelerator’s focus on climate resilience.
“Nitricity solves two crucial components of the food system’s emissions: removing fossil fuels from the production of fertilizer, and preventing the need to transport that fertilizer from across the world,” said Mitch Rubin, Director of Innovation, Elemental Excelerator. “We need local, renewable production of fertilizer to enhance our resilience to global fertilizer markets, given massive price increases this year. Nico and his team are extremely committed to improving how we grow food and providing better alternatives to farmers, and we’re very excited to be working with them.”
The investment and guidance from Elemental Excelerator will bolster Nitricity’s plans for growth, including operating its renewable fertilizer technology at scale in agricultural applications. The funding will support Nitricity’s ability to produce agriculture-grade climate-smart nitrogen fertilizers such as calcium nitrate to be tested in the field, with one such trial to be conducted in almond orchards in partnership with Olam Food Ingredients (ofi), a global leader in natural food ingredients and raw materials.
“The support from Elemental Excelerator and membership in this esteemed cohort will be an important catalyst for Nitricity’s next phase of growth,” said Nicolas Pinkowski, CEO and co-founder of Nitricity. “Our focus is now on scaling our technology to establish regionalized fertilizer production for farmers.”
Nitricity produces nitrogen fertilizer with only air, water, and electricity. Founded by a team of graduate students from Stanford University in 2018 – Nicolas Pinkowski serving as CEO, Joshua McEnaney serving as president and CTO, and Jay Schwalbe serving as CSO – the company is scaling its technology to provide regionalized, climate-smart nitrate fertilizer production.