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Green Ammonia Market to Grow by USD 3.21 Billion (2024-2028) Green Ammonia Introduction Boosts Growth, Report on AI-Driven Market Transformation – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global green ammonia market size is estimated to grow by USD 3.21 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  113.07%  during the forecast period. Introduction of green ammonia is driving market growth, with a trend towards increasing investments boosting market growth. However, high cost of green hydrogen  poses a challenge.Key market players include AquaHydrex Inc., BASF SE, CF Industries Holdings Inc., Cummins Inc., Enapter S.r.l., ENGIE SA, Greenfield Nitrogen LLC, Hiringa Energy Ltd., ITM Power PLC, MAIRE S.p.A., MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, OCI NV, Siemens AG, Starfire Energy, thyssenkrupp AG, Topsoes AS, Uniper SE, and Yara International ASA.

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Green Ammonia Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 113.07%

Market growth 2024-2028

USD 3209.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

85.16

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 37%

Key countries

US, Germany, China, Russia, and Australia

Key companies profiled

AquaHydrex Inc., BASF SE, CF Industries Holdings Inc., Cummins Inc., Enapter S.r.l., ENGIE SA, Greenfield Nitrogen LLC, Hiringa Energy Ltd., ITM Power PLC, MAIRE S.p.A., MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, OCI NV, Siemens AG, Starfire Energy, thyssenkrupp AG, Topsoes AS, Uniper SE, and Yara International ASA

Market Driver

The Green Ammonia market is experiencing significant growth as businesses and governments prioritize carbon neutrality and ecological footprint reduction. Green Ammonia, a hydrogen carrier and energy storage solution, is an emission-free alternative to traditional fuels like natural gas in various industries. Its use as a transportation fuel, maritime fuel, and industrial feedstock is on the rise, contributing to decarbonization efforts. Electrolyzer technology, specifically Alkaline Water Electrolysis, is a key driver in the production of Green Ammonia. This clean energy source is also used in power generation, agriculture, and as eco-friendly fertilizers, reducing greenhouse gas emissions and environmental impact. Green Ammonia projects are gaining traction as renewable energy sources become more accessible. The transportation industry, including shipping and refrigeration transportation, is transitioning to this resourceful fuel to meet emissions regulations and improve air quality. Manufacturing facilities are also adopting Green Ammonia for its low carbon emissions, replacing natural gas dependency and reducing environmental hazards. This versatile commodity chemical is also used in fertilizer production, contributing to sustainable agriculture. Fuel cells, gas turbines, and internal combustion engines can utilize Green Ammonia as a fuel, providing a viable alternative to traditional fuels in power generation and industrial processes. Overall, the Green Ammonia market is a significant step towards environmental sustainability and the future of clean energy. 

The global green ammonia market is witnessing significant growth due to increasing research and development activities. Notably, the European Union’s Energy Technology Development and Demonstration Program (EUDP) is financing a major green ammonia project led by Skovgaard Invest, Vestas, and Haldor Topsoe. This project involves constructing a 10 MW green ammonia plant, directly linked to local wind and solar power generation, with an investment of USD11.9 billion. Furthermore, in August 2022, Carlyle and GIC, two global investment firms, announced a strategic investment in Eneus, a green ammonia project development company, to support the development of a 14GW+ green ammonia pipeline. In addition, renewable energy firm ACME Group plans to invest USD6 billion in green ammonia production. These developments underscore the growing industry momentum towards sustainable ammonia production. 

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Market Challenges

Green Ammonia is an eco-friendly alternative to traditional fossil fuels, gaining significant attention due to its role in achieving carbon neutrality and reducing ecological footprint. As a hydrogen carrier and energy storage solution, it offers potential as a transportation fuel, industrial feedstock, and maritime fuel. However, challenges exist in decarbonizing ammonia production through renewable energy sources, such as wind and solar, due to emissions from electrolyzer technology like alkaline water electrolysis. Green Ammonia’s production from renewable energy sources can help reduce greenhouse gas emissions, contributing to environmental sustainability in power generation, agriculture, and manufacturing facilities. In the transportation industry, it can replace natural gas dependency as an emission-free fuel for gas turbines, internal combustion engines, and industrial furnaces, as well as in fuel cells for electric vehicles. Moreover, green ammonia can serve as a sustainable alternative to traditional fertilizers, reducing the environmental impact of agriculture and contributing to cleaner air quality. With increasing emissions regulations, green ammonia projects can help industries transition to clean energy and low carbon emissions, making it a valuable commodity chemical for various industries. However, challenges remain in addressing environmental hazards and ensuring the safety and efficiency of green ammonia production and transportation.Green hydrogen, produced through renewable energy sources, has a higher initial cost compared to gray hydrogen due to the high fixed costs of setting up a production plant. On average, green hydrogen costs around 2-3 times more than gray hydrogen. Fuel cells used with green hydrogen are approximately 1.5 to 2 times more expensive than their fossil fuel counterparts. As a synthetic fuel, green hydrogen costs nearly 5-7 times more than fossil jet fuel. According to The Energy and Resources Institute (TERI), the production cost of green hydrogen is approximately USD5USD6 per kg. At this rate, green hydrogen is not economically feasible for industries such as steel, fertilizer, and long-range shipping to adopt as a fuel source.

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Segment Overview 

This green ammonia market report extensively covers market segmentation by  

Application 1.1 Power generation1.2 Transportation1.3 Industrial feedstock1.4 OthersTechnology 2.1 Alkaline water electrolysis2.2 Proton exchange membrane2.3 Solid oxide electrolysisGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Power generation-  The global population growth and urbanization, particularly in developing regions like India and China, are driving the demand for electricity. This trend is compelling governments worldwide to secure a reliable electricity supply to attract investment in the power generation sector. The expanding urban population will continue to fuel the demand for power generation, making it a significant market growth factor during the forecast period.

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Research Analysis

The Green Ammonia market is experiencing significant growth as the world shifts towards renewable energy sources and carbon neutrality. Ammonia, a commodity chemical produced from nitrogen and hydrogen, is increasingly being recognized as a resourceful fuel and hydrogen carrier with minimal greenhouse gas emissions during combustion. Renewable energy sources such as wind and solar power are used to produce green ammonia through electrolysis, reducing its ecological footprint. Green ammonia is gaining popularity as a transportation fuel, particularly in shipping and marine industries, due to its high energy density and ability to store energy for long periods. It is also used as an eco-friendly fertilizer, reducing the need for traditional fertilizers with high carbon emissions. Gas turbines, internal combustion engines, and industrial furnaces can be fueled with green ammonia, leading to significant reductions in air quality emissions. The use of green ammonia in power generation and as a hydrogen carrier for energy storage is also on the rise. Emissions regulations continue to drive the demand for green ammonia as countries strive for environmental sustainability. Alkaline water electrolysis technology is a cost-effective method for producing green ammonia, making it an attractive alternative to conventional ammonia. Green ammonia is a valuable commodity chemical with numerous applications, including in the production of eco-friendly fertilizers, as a shipping fuel, and as a fuel for power generation and industrial processes. Its ability to store energy and reduce greenhouse gas emissions makes it an essential component of a sustainable energy future.

Market Research Overview

Green Ammonia is an eco-friendly alternative to traditional ammonia, produced using renewable energy sources instead of fossil fuels. It is a hydrogen carrier and energy storage solution, playing a crucial role in decarbonization efforts across various industries. Green Ammonia contributes to carbon neutrality by reducing greenhouse gas emissions, particularly in power generation, transportation fuel, and industrial feedstock applications. Its production process, using electrolyzer technology like alkaline water electrolysis, results in zero carbon emissions and improved air quality. Green Ammonia is also a sustainable solution for agriculture as eco-friendly fertilizers, replacing traditional nitrogen-based fertilizers with lower environmental impact. In transportation, it serves as a clean energy source for gas turbines, internal combustion engines, and fuel cells in ships and trucks, reducing the maritime and transportation industry’s carbon footprint. Green Ammonia projects are essential for the transition to a renewable energy-driven economy, promoting environmental sustainability and reducing reliance on natural gas dependency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPower GenerationTransportationIndustrial FeedstockOthersTechnologyAlkaline Water ElectrolysisProton Exchange MembraneSolid Oxide ElectrolysisGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Vertafore advances AI innovation at Accelerate 2026, embedding AI across workflows to transform the insurance lifecycle

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From platform to agents to real workflows, Vertafore and NetVU bring the industry together to move from friction to flow

DENVER, April 20, 2026 /PRNewswire/ — Accelerate 2026 brought together a highly engaged community of insurance professionals to power what’s possible in the AI era, sparking conversations, forging high-impact connections and experiencing firsthand the innovations redefining what’s next for the industry. More than 2,000 attendees participated in the event by Vertafore®, the leader in insurance technology, and the Network of Vertafore Users (NetVU).

Vertafore CEO Amy Zupon and Chief Product Officer James Thom took the stage to outline a bold vision for the future, centered on delivering Distribution Velocity across the insurance value chain. They showed how agencies, MGAs and carriers can harness core digital technology, unmatched data and insurance-specific AI to reduce friction across workflows and achieve speed with intentional outcomes.

During the keynote, Vertafore introduced the Velocity™ AI Platform, brought ReferenceConnect AI™ to market to deliver trusted insights, launched six AI agents to reduce manual work and improve efficiency, and announced AgencyOne® Certificates to streamline certificate management and improve client service.

“This Accelerate was our most impactful event yet, and our customers brought incredible energy. They’re ready to put AI to work,” said Rick Warter, chief customer officer at Vertafore. “From the Velocity AI Platform to the momentum behind AgencyOne, everything we delivered this week focused on helping agencies, MGAs and carriers adapt faster and grow smarter.”

Hands-on AI sessions drive real business impact for attendees

NetVU and Vertafore brought AI to life at Accelerate with hands-on learning designed to turn ideas into action. Attendees worked through real-world use cases and practical training to apply AI across submissions, quoting, servicing and client engagement—reducing manual work and unlocking faster insights.

Education tracks combined technical guidance from Vertafore product experts and real-world experience and tangible next steps from NetVU volunteer session leaders, empowering peer insurance professionals to move from concepts to real, everyday impact.

“You could feel the momentum around AI in every session and every conversation this week,” said Shyla Lankford, chair of the NetVU Board of Directors and principal at Symphony Risk Solutions. “At a time of rapid change, community plays a critical role in helping us collaborate on best practices, stay connected and put what we’ve learned into action so we can continue to learn, grow and thrive together.”

NetVU celebrates industry leaders and delivers meaningful community impact

NetVU honored standout leaders in the Vertafore user community with its annual awards, recognizing meaningful contributions across the industry. Carl Schlotman III of CAI Insurance Agency received the Leadership Award for his long-standing leadership and industry advocacy. Joyce Sigler of SeibertKeck Insurance Partners earned the Insurance Technology Advocate Award for advancing automation and supporting agencies through change, while Sarah Dinwiddie of Charles M. Moore Insurance Agency received the Volunteer Service Award for her growing leadership and commitment to strengthening the NetVU network.

That spirit of leadership extended beyond the event into the local community. Day of Caring, a long-standing Accelerate tradition, brought attendees together for hands-on service, with nearly 200 volunteers packing shelf-stable groceries for The Just One Project’s drive-through distribution program. This year’s Day of Caring will provide up to 23,000 meals to 1,400 Southern Nevada families in need. Alongside these efforts, the community raised $30,000 to support hunger relief and critical local programs.

Insurance professionals can look ahead to this live infusion of innovation and community momentum at Accelerate 2027, scheduled for May 17–20 in San Antonio, Texas. Registration is now open.

About Vertafore

Vertafore powers Distribution Velocity, accelerating every part of the insurance value chain within and across agencies, MGAs, and carriers so they can adapt faster and grow smarter. As the trusted backbone of the industry, Vertafore provides the core digital systems, specialized AI, and data-driven foundation to eliminate distribution drag across sales, servicing, accounting, underwriting, and back-office operations, taking insurance workflows from friction to flow.

Supporting over 95% of the top agencies and insurers and 50% of industry compliance transactions, Vertafore leads at the intersection of innovation and trust, giving customers the speed, performance power, and confidence to transform and grow at scale in the new era. Vertafore is headquartered in Denver, Colorado. Learn more at www.vertafore.com.

©2026 Vertafore and the Vertafore logo are registered trademarks of Vertafore. All rights reserved. All other trademarks are the property of their respective owners.

MEDIA CONTACT:
INK Communications
vertafore@ink-co.com

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SOURCE Vertafore, Inc.

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Can Pets Help You Live Longer? New Research to Investigate the Link Between Pet Ownership, Psychosocial and Health Behaviors, and Mortality Among Older Adults

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Human Animal Bond Research Institute Awards Grant to the University of Guelph

WASHINGTON, April 20, 2026 /PRNewswire/ — The Human Animal Bond Research Institute (HABRI) today announced a new grant to identify and quantify possible psychosocial mechanisms by which pet ownership influences mortality among older adults in Canada. The grant for this project was awarded to the University of Guelph under the supervision of Principal Investigator Dr. Lauren Grant, Assistant Professor of Environmental and Public Health, Department of Population Medicine, Ontario Veterinary College, University of Guelph.

Researchers will analyze data collected from the Canadian Community Health Survey – Healthy Aging (CCHS), as well as the Canadian Vital Statistics Death Database, to quantify these mechanisms. Using longitudinal data and mediation analysis, the research aims to differentiate the direct and indirect effects of pet ownership on all-cause and cause-specific mortality, providing a robust understanding of how pets may enhance longevity through improved psychosocial and health behaviors, including companionship, isolation, loneliness, physical activity and body mass index.

“This is the first path or mediation analysis of pet ownership, psychosocial variables, health behaviors and multiple mortality outcomes among older adults using linked health survey and mortality records,” said Dr. Lauren Grant. “This information can be used by clinicians in practice to convey how pet ownership can improve healthy aging.”

“Solid science links pet ownership to healthy aging, increased longevity and reduced loneliness,” said Steven Feldman, President, HABRI. “HABRI is proud to support this important study to explore these connections more deeply, enhancing our understanding of the profound benefits of the human-animal bond.”

About HABRI
HABRI is a not-for-profit organization that funds innovative scientific research to document the health benefits of companion animals; educates the public about human-animal bond research; and advocates for the beneficial role of companion animals in society. For more information, please visit http://www.habri.org.

CONTACT: Hayley Maynard
614-701-8205
hayleym@aboutinspire.com

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SOURCE Human Animal Bond Research Institute (HABRI)

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Scenic Places Near Penn State Explained in HelloNation Article Featuring Vineyard Expert Barb Christ

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The article highlights how vineyard visits and local landscapes enhance weekend experiences beyond campus.

STATE COLLEGE, Pa., April 20, 2026 /PRNewswire/ — What is the best way to show weekend visitors the full experience of State College beyond the Penn State campus? HelloNation has published the piece and included the answer in an article.

The HelloNation article explores how visitors can experience more than campus landmarks by discovering scenic places near Penn State and the surrounding countryside. Featuring insights from Vineyard Expert Barb Christ, the article explains how adding vineyard visits, rural drives, and outdoor stops can create a more complete and memorable weekend.

The article describes State College, Pennsylvania, as a destination that extends well beyond its academic center. While campus visits and downtown dining are common starting points, the article notes that nearby rural areas offer expansive views, quiet settings, and a closer look at local agriculture. These scenic places near Penn State provide a contrast that helps visitors better understand the region’s identity.

According to the article, local wineries play a key role in shaping this broader experience. Locations such as Happy Valley Vineyard & Winery offer visitors a place to slow down, spend time outdoors, and engage with the region’s agricultural side. The article explains that these environments allow guests to connect with the land while learning how local products are made.

The HelloNation article explains that Vineyard Expert Barb Christ emphasizes the importance of creating meaningful experiences rather than rushed itineraries. By introducing guests to vineyard settings, visitors gain insight into how landscapes are cultivated and maintained. The article notes that this approach encourages a deeper appreciation for the region’s character and craftsmanship.

Sustainability is another important theme discussed in the article. At Happy Valley Vineyard & Winery, practices such as solar energy use and responsible land management are part of daily operations. The article highlights how these efforts reflect long-term environmental awareness and demonstrate how agriculture and sustainability can work together in central Pennsylvania.

The article also points out that many visitors are surprised by the balance between tradition and innovation in the area. By visiting wineries and nearby scenic places near Penn State, guests can see how longstanding farming practices are supported by modern sustainability efforts. This combination adds educational value to a weekend visit while keeping the experience accessible and enjoyable.

Beyond vineyards, the article recommends pairing these visits with nearby parks, overlooks, and natural spaces. These locations are described as easy to reach while still offering a sense of quiet and openness. The article explains that combining outdoor exploration with local agriculture creates a well-rounded itinerary that appeals to a wide range of visitors.

Pacing is another key takeaway. The HelloNation article suggests that a relaxed schedule allows visitors to fully engage with each stop. Rather than filling every hour, selecting a few meaningful destinations such as a vineyard, a trail, or a local restaurant can lead to more memorable experiences. This slower approach helps visitors connect with both the landscape and the people who shape it.

The article concludes that sharing scenic places near Penn State with weekend visitors offers an opportunity to highlight the region’s balance of culture, agriculture, and natural beauty. Through thoughtful planning and local insight, visitors can leave with a stronger understanding of what makes central Pennsylvania distinctive.

Where to Take Visitors in State College: A Weekend Guide to Local Flavor, Scenery, and Experiences features insights from Barb Christ, Vineyard Expert of State College, Pennsylvania, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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