Addis Energy, a company harnessing the Earth's potential for affordable, abundant ammonia production, today announced it has raised $8.3 million in an oversubscribed seed round, bringing the company's total funding to date to $17.3 million. The round was led by At One Ventures, with existing investors Engine Ventures and Pillar VC also participating. Addis Energy will use the fresh capital to further advance its AI-aided laboratory of chemical reactors that simulate subsurface conditions to produce ammonia at a cost advantage versus Haber-Bosch through a net energy-positive process. The company will also use the capital to expand its operations team and prepare for its first field pilot demonstration.

Addis Energy is on a mission to revolutionize how we feed and fuel our world by unleashing the Earth's potential for clean ammonia production. The company's novel technology involves the injection of nitrogen and water into iron-rich rocks, using in-situ subsurface heat and pressure to produce geologic ammonia via a carbon-free and net energy-positive process.