Atmonia
Atmonia is an Icelandic deep-tech company developing a modular nitrogen electrolyser that uses a patented catalyst to convert air, water, and renewable electricity into ammonia in a single ambient-condition step, targeting fertilizer producers, e-fuel developers, and port/maritime operators as pre-commercial enterprise customers.
- Company typePrivate
- Founded2016
- HeadquartersReykjavík, Iceland
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Atmonia does
Atmonia ehf. is a privately held Icelandic deep-tech company founded in 2016 and headquartered in Reykjavík that is developing a nitrogen electrolyser for direct, zero-carbon ammonia production from air, water, and electricity. Its core product, the Atmonia Nitrogen Electrolyser, uses a patented catalyst to perform electrochemical nitrogen reduction and water splitting in a single step at ambient temperature and pressure, replacing the centralized, fossil-fuel-dependent Haber-Bosch process. The system is offered in modular 150 tonnes-per-year units that can be stacked for larger capacity, is free of precious metals, and is designed for fast ramp-up/ramp-down to match intermittent renewable electricity. Ammonia can be delivered as anhydrous or aqueous ammonia, optionally combined with acids to form ammonium sulphate, ammonium nitrate, or di-ammonium phosphate for direct field application.
The company is pre-commercial and targets three primary customer segments: fertilizer producers and agricultural offtakers seeking carbon-free ammonia (primary), e-fuel and clean-energy developers using ammonia as a sustainable fuel or hydrogen carrier, and port/maritime operators pursuing localized offshore electro-ammonia production (e.g., a referenced 2.4 t/day feasibility study at the Port of Santander). Its planned revenue model is built around quote-based sales of modular electrolyser hardware to enterprise buyers, with potential future streams from catalyst or process IP licensing and, longer term, captured value on ammonia output. Go-to-market is direct enterprise sales from the Reykjavík HQ, supported by academic and conference engagement, with marketing primarily through the company website and LinkedIn page.
Atmonia operates with a lean team of five core employees — co-founders Helga Dögg Flosadóttir (CEO) and Egill Skúlason (CSO), a laboratory technician, a research scientist, and a specialist — supplemented by a six-member advisory board spanning agribusiness investment, agronomy (including a former Nutrien Senior Agronomist), petrochemical engineering, and clean-energy commercialization. The company has raised approximately $875K across three rounds in 2019–2020 led by Eyrir Venture Management, and while no revenue, offtake agreements, or subsequent funding rounds are disclosed, its technology has been independently benchmarked in a peer-reviewed MDPI techno-economic study published in May 2026.
Atmonia firmographics
Firmographics- Name
- Atmonia
- Legal name
- Atmonia ehf.
- Website
- https://atmonia.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Atmonia is an Icelandic deep-tech company developing a modular nitrogen electrolyser that uses a patented catalyst to convert air, water, and renewable electricity into ammonia in a single ambient-condition step, targeting fertilizer producers, e-fuel developers, and port/maritime operators as pre-commercial enterprise customers.
- Ownership category
- akta.pro rank
Atmonia industry classification
Industry- Product category
- Electrochemical Ammonia Production Equipment
- NAICS
- Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413), Industrial Gas Manufacturing (32512), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Special Industry Machinery, Nec (3559), Electronic Coils, Transformers & Other Inductors (3677), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Nitrogen Fertilizers (Ammonia/Urea/UAN) (IMAEAEAA)
Keywords
Where Atmonia is headquartered
LocationHeadquarters
- HQ city
- Reykjavík
- HQ country
- Iceland
- HQ region
- Europe
Offices2 records
Markets served
Atmonia business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure
Revenue model
- Electrolyser hardware sales (planned): Pre-commercial. Atmonia intends to sell its modular 150 t/y Nitrogen Electrolyser units to industrial buyers (fertilizer producers, e-fuel developers, ports), with units stackable for larger facilities. Revenue mechanics would be one-time / capital equipment sales.
- Catalyst / technology licensing (potential): The proprietary catalyst is referenced as patented and central to the process; licensing of the catalyst or process IP to industrial partners is a plausible future revenue stream consistent with the platform nature of the technology.
- Sustainable ammonia production (long-term): The system itself is a production platform for carbon-free ammonia targeting fertilizer and e-fuel end-markets; long term, Atmonia could capture value from ammonia output (anhydrous or aqueous) sold to offtakers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Quote-based / not publicly disclosed; modular 150 t/y units stackable to scale. |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Atmonia product offering
Product offeringCore offering
Atmonia develops a modular nitrogen electrolyser that uses a patented proprietary catalyst to combine atmospheric nitrogen reduction with water splitting in a single electrochemical step at ambient temperature and pressure, producing ammonia directly from air, water, and electricity. The system is offered as 150 t/year units that are stackable to scale capacity, free of precious metals in the catalyst stack, and capable of delivering anhydrous ammonia, aqueous ammonia, or downstream fertilizer salts for direct field application.
Product overview
Atmonia's offering centers on a single core product — the Atmonia Nitrogen Electrolyser — which is being developed as a modular, distributed, zero-carbon ammonia production system. The electrolyser uses only air, water, and electricity (with renewable electricity preferred) to produce ammonia in one step via the company's patented catalyst, replacing the centralized, high-emission Haber-Bosch process. Its output can be delivered as conventional anhydrous ammonia or as aqueous ammonia that can be combined with acids to form ammonium sulphate, ammonium nitrate, or di-ammonium phosphate for direct fertilizer use, and is also positioned for the emerging e-fuel market (combustion engines, fuel cells, and as a hydrogen carrier via ammonia cracking). Units of approximately 150 t/year are stackable for larger facilities, enabling distributed production that aligns with intermittent renewable electricity sources.
Differentiator
Problem solved
Functional benefit
Products and services
- Atmonia Nitrogen Electrolyser An electrochemical cell that uses Atmonia's patented catalyst to reduce atmospheric nitrogen and split water in a single step to produce ammonia at ambient temperature and pressure. Modular 150 t/year units use catalysts free of precious metals, can be stacked for larger capacity, and are intended for industrial buyers such as fertilizer producers, e-fuel developers, and port/maritime operators. Output can be delivered as conventional anhydrous ammonia, aqueous ammonia, or downstream fertilizer salts (ammonium sulphate, ammonium nitrate, or di-ammonium phosphate) for direct field application.
Quantifiable outcome
- 2,408 EUR/tNH3 LCOA for small-scale offshore electro-ammonia benchmarked at 2.4 t/day
- +2 more outcomes
Companies that use Atmonia
Customer profileSegments3 records
Ideal customer profiles3 records
Atmonia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Atmonia partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ron Witherspoon
Scale indicators5 records
Recent moves5 records
Expansion highlights4 records
Atmonia competitors and assessment
Company assessmentBroad incumbents
- Yara International: Global nitrogen fertilizer and ammonia leader with a dedicated clean ammonia business; controls much of the incumbent offtake base Atmonia is seeking to access.
- Topsoe: Danish process technology licensor with established ammonia (SOEC-based) and e-fuel offerings serving fertilizer and maritime customers globally; a dominant incumbent whose green ammonia roadmap competes for the same buyer budgets.
- Air Products: US industrial gases major and a leading blue/green ammonia project developer, including large-scale NEOM and US Gulf investments — sets the competitive bar for offtaker credibility in clean ammonia.
- CF Industries: Largest North American ammonia producer with active green ammonia (Donaldsonville) project; a natural anchor offtaker or strategic partner for any distributed clean ammonia supplier.
- Siemens Energy: Major electrolyzer (Silyzer) supplier with active green ammonia project partnerships and EPC capability; a benchmark competitor for industrial-scale clean ammonia deployments.
- Thyssenkrupp nucera: German alkaline electrolysis specialist with an established alkaline water electrolyzer business and green ammonia references; competes for the same large-scale renewable ammonia projects.
Direct peers
- Starfire Energy: US-based company developing distributed, small-scale ammonia synthesis from air and renewable electricity using a proprietary catalyst approach — the most direct technical analogue to Atmonia's modular single-step nitrogen electrolyser thesis.
- Nel ASA: Norwegian electrolyzer manufacturer with an explicit green ammonia value proposition, supplying PEM/alkaline electrolysers paired with Haber-Bosch loops — a competing pathway for the same distributed clean ammonia offtakers Atmonia targets.
- ITM Power: UK PEM electrolyzer company with active green ammonia projects and partnerships; competes for the same renewable-powered ammonia offtake customers via the proven electrolyzer + Haber-Bosch route.
Emerging players
- Plug Power: US green hydrogen and fuel cell company extending into ammonia as a hydrogen carrier; overlaps with Atmonia's e-fuel and hydrogen-carrier thesis and competes for capital and offtaker attention.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Atmonia social profiles
Digital presenceAtmonia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Atmonia leadership team
Management profileNumber of profiles
Profiles10 records
Atmonia funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Atmonia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Atmonia
What does Atmonia do?
Atmonia develops a modular nitrogen electrolyser that uses a patented proprietary catalyst to combine atmospheric nitrogen reduction with water splitting in a single electrochemical step at ambient temperature and pressure, producing ammonia directly from air, water, and electricity. The system is offered as 150 t/year units that are stackable to scale capacity, free of precious metals in the catalyst stack, and capable of delivering anhydrous ammonia, aqueous ammonia, or downstream fertilizer salts for direct field application.
Is Atmonia a public or private company?
Atmonia is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Atmonia founded?
Atmonia was founded in 2016. It employs 11 to 50 people.
Where is Atmonia based?
Atmonia is headquartered in Reykjavík, Iceland, in the Europe region.
How does Atmonia make money?
Three revenue lines are on record. Electrolyser hardware sales (planned) is the primary driver. The others are catalyst / technology licensing (potential) and sustainable ammonia production (long-term).
Who are Atmonia's main competitors?
Broad incumbents on record are Yara International, Topsoe, Air Products, CF Industries, Siemens Energy and Thyssenkrupp nucera. Direct peers are Starfire Energy, Nel ASA and ITM Power. Plug Power is listed as an emerging player.
Does Atmonia have an API?
No public API is recorded for Atmonia.
What industry is Atmonia in?
Atmonia's product category is Electrochemical Ammonia Production Equipment. Its primary akta.pro industry code is IMAEAEAA, Nitrogen Fertilizers (Ammonia/Urea/UAN). Its NAICS code is 333413 and its SIC code is 3559.