Talus Renewables Announces $22 Million Raised in Series A Financing
NEW YORK, Nov. 2, 2023 /PRNewswire/ -- Talus Renewables ("Talus"), a renewable energy infrastructure company and creator of the first modular green ammonia system deployed commercially, announced its $22 million Series A financing co-led by Material Impact and Xora Innovation, a deep tech early-stage investment platform of Temasek; joined by Cavallo Ventures, the VC arm of Wilbur-Ellis, and Rice Investment Group.
- Talus will deliver multiple talusOne (up to 1.4 tonnes of green ammonia daily) and talusTen (up to 20 tonnes) systems beginning later this year in US and European markets.
- "We are gratified by our investors' confidence in our ability to provide a more sustainable, cost-effective, and secure path forward for critical industries," said Hiro Iwanaga, Co-Founder and CEO of Talus Renewables.
- "The promise of rapidly deployable, modular, autonomous green ammonia systems will extend far beyond agriculture to industrial and renewable energy applications."
- "We're excited that Talus is helping transform our industry into a cleaner, more sustainable enterprise," said Brett Morris, Managing Director at Cavallo Ventures.