The Sydney company making fertiliser and fuel out of air, water and lightning - and trying to rewrite 110 years of industrial chemistry.
Pioneering a cleaner future
For more than a century, the chemistry that feeds humanity has run one way. The Haber-Bosch process, invented in 1909, pulls nitrogen from the air and forces it into ammonia at roughly 400 degrees Celsius and hundreds of atmospheres of pressure, burning natural gas to do it. It is one of the most consequential inventions in history - and one of the dirtiest, responsible for around 2.5 percent of all global industrial carbon dioxide emissions, more than aviation.
PlasmaLeap Technologies, a company spun out of the University of Sydney in 2019, is betting there is a cleaner way - and that the answer was written in the sky all along. Every time lightning strikes, it fixes nitrogen from the atmosphere. PlasmaLeap builds reactors that do the same thing on purpose: a controlled, lightning-like non-thermal plasma that excites nitrogen and oxygen molecules in ordinary air, then converts them into ammonia, nitric acid and fertiliser. The only inputs are air, water and renewable electricity. There are no fossil fuels and no direct emissions, and the reaction runs at room temperature and ambient pressure.
The technology grew out of research led by Professor P. J. Cullen, now the company's Chief Scientist, who with colleagues at the University of Sydney and UNSW demonstrated a plasma-driven pathway to ammonia synthesis that reached world-leading energy efficiency and production rates. Frere Byrne, a former banking and venture operator, joined as CEO to turn the physics into a business; Samantha Cullen leads commercial strategy. Together they moved the work out of the lab through the Sydney Knowledge Hub and into the field.
What makes the company unusual is not just the science but the shape of the product. Instead of a single mega-plant, PlasmaLeap builds modular reactors small enough to sit inside a shipping container. That means production can move to where demand is - onto a farm, beside a solar array, inside a factory - rather than forcing everyone to ship chemicals across the world from a handful of giant facilities.
The process reads almost absurdly simple, which is the point. A non-thermal plasma - electrified air - does the work that heat and pressure do in a conventional plant, powered entirely by renewable electricity.
Containerised units that make cost-competitive green nitrogen fertiliser - calcium nitrate and ammonium nitrate solutions - on demand at the farm gate. Farmers produce their own inputs instead of importing them, gaining certainty against price shocks and supply delays.
A proprietary non-thermal plasma reactor that synthesises zero-emissions ammonia and hydrocarbon eFuels at scale with world-leading energy efficiency, designed to slot into existing fertiliser and fuel supply chains.
Lab-scale non-thermal plasma power products and services sold to research groups for green-chemistry work - the original revenue line that bootstrapped the company before venture funding arrived.
"Producing nitrogen locally with renewable electricity gives farmers certainty, control and stability."
Who it serves. The first customers are Australian farmers and growers, who face volatile fertiliser prices and long import chains. Beyond agriculture, the same platform targets renewable-energy developers looking to turn cheap electrons into storable chemicals, and global fertiliser and chemical producers seeking a lower-carbon route. When PlasmaLeap first posted an expression of interest to farmers in early 2024, demand overwhelmed the team within two weeks.
The problem it solves. Conventional ammonia is centralised, fossil-fuelled and exposed to global shocks. PlasmaLeap decentralises it - production moves to the point of use, cutting emissions, transport and dependence on a handful of mega-plants. The company believes on-farm production could shave roughly a tenth off Australia's national fertiliser bill.
How it's different. Most green-ammonia projects still bolt a renewable hydrogen electrolyser onto a conventional Haber-Bosch plant. PlasmaLeap's non-thermal plasma route skips that, running at room temperature and ambient pressure and collapsing the process into a modular box. Its edge is energy efficiency - the metric that decides whether electrified chemistry can ever beat fossil incumbents on cost.
The competition. It sits against incumbents like Yara, CF Industries and Nutrien, and a wave of electrochemical-nitrogen startups such as Jupiter Ionics, Nitricity, Talus Renewables and Atmonia. Notably, fertiliser giant Yara is an investor - a competitor and a backer at once.
"PlasmaLeap is defining a new category in distributed sustainable fertiliser production."
Commercial leader with an MBA from RMIT and a background across banking and venture building, including x15ventures and the Commonwealth Bank. Drives PlasmaLeap from lab breakthrough to field deployment.
University of Sydney researcher whose plasma-chemistry work is the scientific engine of the company, demonstrating a highly energy-efficient plasma-driven route to ammonia.
Leads commercial strategy and go-to-market, translating a deep-tech platform into products farmers and industry can actually buy and deploy.
| Latest round | Series A |
| Amount | A$30 million (~US$20 million) |
| Closed | January 2026 |
| Total funding | ~US$22 million to date |
| Use of funds | First-of-a-kind fertiliser hubs in NSW & Tasmania, field trials, core R&D, and longer-term fuels & energy applications |
"PlasmaLeap has developed a breakthrough platform delivering step-change improvements in energy efficiency."
The A$30 million round is a rare cross-section of backers: a philanthropic climate funder, the world's largest fertiliser producer, an agri-food venture arm and Australian institutional money, all in one line. It funds the leap the company has been chasing - from validated trials to real reactors running on real farms.
Founders spin plasma-driven chemical synthesis out of the University of Sydney via the Sydney Knowledge Hub.
Completes a pre-seed round and showcases its green-ammonia technology to industry audiences.
A first expression of interest to growers generates overwhelming demand within two weeks.
Named overall winner at the 2025 THRIVE Awards in the US; the University of Sydney publicises the "lightning from thin air" breakthrough.
Raises ~A$30M led by the Gates Foundation, Investible and Yara Growth Ventures to build fertiliser hubs in NSW and Tasmania.
It builds modular, non-thermal plasma reactors that produce ammonia, nitric acid, fertiliser and eFuels from air, water and renewable electricity - without fossil fuels or direct emissions.
Conventional ammonia uses the fossil-fuelled Haber-Bosch process at very high heat and pressure. PlasmaLeap uses a lightning-like plasma at room temperature and ambient pressure, powered by renewable electricity, packaged in a modular unit.
It was founded in 2019 by Frere Byrne (CEO), Professor P. J. Cullen (Chief Scientist) and Samantha Cullen (Chief Commercial Officer), and is based in Sydney, Australia.
It raised a ~A$30 million (about US$20 million) Series A in early 2026 led by the Gates Foundation, Investible and Yara Growth Ventures, following an earlier pre-seed round.
eNFix is PlasmaLeap's containerised on-farm unit that produces green nitrogen fertiliser on demand at the farm gate, giving growers a local, lower-emissions and cost-competitive alternative to imported fertiliser.
Profile compiled from public sources including plasmaleap.com, University of Sydney, ImpactAlpha, DecarbHub, Ammonia Energy Association and H2Tech. Figures are approximate where noted.