Samsung Ventures led a $24m Series B round in Starfire Energy.

Samsung Ventures, a venture capital firm, led a $24m Series B round in Starfire Energy, a developer of modular chemical plants for the production of carbon-free ammonia. “The industry standard Haber-Bosch process does not perform well using variable renewable energy for its power. Starfire has developed a new process that solves the issue of needing to run ammonia synthesis in a steady state. Our Rapid Ramp© technology can quickly ramp ammonia production up and down, including turning on and off, according to when intermittent renewable energy is available. It requires no hydrogen storage or energy storage, which is essential for affordable renewable ammonia production. We are delivering a truly disruptive technology solution that solves a very real industry problem while also helping to solve the global problem of sustainable energy," Joe Beach, Starfire Energy Chief Executive Officer.