Algaenite

Company Overview

Snapshot

Founded in May 2021 by Lior Hessel, Algaenite operates with 1–10 employees. The company secured a grant in July 2021 to advance its technology for producing high-nitrogen fertilizer from the atmosphere.

Business overview

Algaenite is a startup in the Agriculture & Food Technologies sector that develops technology for producing high-nitrogen fertilizer from the atmosphere using nitrogen-fixing cyanobacteria. The company's core product involves automated photo-bioreactors that operate onsite to produce ammonia from the air using solar energy. This technology aims to increase the availability of precision organic fertilizer for food growers globally while significantly reducing the carbon footprint associated with traditional fertilizers produced via the Haber–Bosch process. Algaenite addresses climate issues by providing a clean fertilizer with negative carbon emissions, targeting the sustainable farming and agtech markets.

Strategic signal

In May 2024, Growponics, the parent company of Algaenite, pivoted its solution to offer greenhouses standalone bioreactors for growing plant protein. This strategic shift indicates a broader application and market expansion for Algaenite's microalgae technology beyond just fertilizer production, suggesting potential for diversified revenue streams and increased market penetration in the plant protein sector.

Company Intelligence Q&A

What is Algaenite's core technology?

Algaenite develops technology for producing high-nitrogen fertilizer from the atmosphere using nitrogen-fixing cyanobacteria. Their automated photo-bioreactors create ammonia from the air using solar energy.

When was Algaenite founded?

Algaenite was founded in May 2021.

Who founded Algaenite?

Algaenite was founded by Lior Hessel.

What significant development occurred in May 2024?

In May 2024, Growponics, Algaenite's parent company, pivoted to offering standalone bioreactors for growing plant protein, with the AlgaeNite system being supplied to greenhouses in various locations.

What climate issues does Algaenite address?

Algaenite addresses the climate issues created by the current fertilizer industry, which emits 1.5 billion tons of CO2 annually and uses a significant portion of global gas resources, by providing a clean, organic fertilizer with negative carbon emissions.