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Amogy raises $80M to power ships and data centers with ammonia
Amogy's technology generates power from ammonia without pollution, making it a prime candidate for decarbonizing maritime shipping.
Brooklyn-based startup Amogy has managed to avoid turbulence induced by U.S. politics by keeping its sights on more promising foreign markets. Amogy’s ammonia-to-power tech and its focus on Asian markets, including Japan, South Korea, and Singapore, has helped it land a fresh $23 million in funding. In an effort to reduce their carbon pollution, Asian countries have started burning ammonia in existing fossil fuel power plants.
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