The European Commission’s European Innovation Council (EIC) has selected N2 Applied for equity investment for €15 million. This comes in addition to grant financing received last year, which brings the total amount up to €17.5 million.
– “It is becoming more and more important to produce food with fewer emissions, and our solution goes hand in hand with the targets the World has set. We plan to commercialise the technology, and this announcement gives us the power and speed to move ahead towards commercialisation”, says Carl Hansson, CEO of N2 Applied.
N2 Applied, a Norwegian technology business, with a mission to fundamentally improve global food production by reducing emissions and increasing yields, was selected for the highest possible grant from the EIC Accelerator. The company has developed a machine allowing farmers to produce their own complete and sustainable fertiliser from slurry. It significantly reduces the volume of emissions typically emitted from untreated slurry, along with removing the displeasing smell.
– “To receive and be recognised in this form of a large investment from the EU, is a clear sign of how unique and powerful our technology is”, says Hansson.
Through the Farm to Fork Strategy, the EU has set ambitious goals to improve the sustainability of food production. To reduce fertiliser use by 25%, improve ecosystems and cut emissions of climate gases and air pollution, calls for new innovations. With recently rising fertiliser prices, the time for N2’s solution is now.
– “The solution recycles existing nutrients on the farm and is intuitively correct for the farmer. Those who have tested one of our machines have a hard time giving it up”, says Hansson. Dairy giant Arla has already installed an N2 Applied Unit on one of its Innovation Farms in the UK.
N2 Applied has a series of ongoing pilot projects across a spectrum of farms in commercial settings, including dairy, pork and potato farms in Denmark, the UK, the Netherlands and Norway. Results from these pilots continue to confirm the relevance of our plasma technology on treating livestock slurry, with a sharp reduction in emissions and odour, along with increased plant yields.