Amogy raises $80M to power ships and data centers with ammonia


From the recent reconciliation of tariffs, climate technology struggles with the rapidly changing landscape. Brooklyn Basic Starting Amogy was able to prevent the tensions created by the US policy by taking the causes of US policy in more promising foreign markets.

Amogy’s ammonia to the Asian markets, including ammonia to-force technology and Japan, South Korea and Singapore, helped him finance $ 23 million. Round that brings Latest fundraise Up to $ 80 million, up to $ 700 million, co-founder and CEO Seonghoon Woo Techcrunch told $ 80 million. Round, Korean Development Bank and Kdb Silicon Valley LLC were managed by the LLC, Bonangels Venture partners, JB investment and traffic investment.

Amogy is primarily located in the United States, but the starting to the main technology in Japan and South Korea, has demanded the countries looking for new ways to expand the offspring.

“They do not have high quality sun, wind and geothermal resources, and they are not really in the best thing to build nuclear power,” he said.

Ammonia is most commonly used as part of plant fertilizers; You can also serve as specialists call the hydrogen carrier. Normally, hydrogen is difficult to transport – burns and leak – but a hydrogen carrier like ammonia makes it easier.

To reduce carbon pollution, Asian countries have started burning ammonia in existing fossil gas power plants. Typically, operators will replace several percent of the coal with ammonia.

Shipping companies began to do the same, replace the diesel with a combination. Ammonia found a fertile place in that industry, because the international maritime organization regulating maritime transport will begin to start a carbon tax Starting in 2027.

However, everywhere in the fact that Ammonion is burning – this is to be fueled by at least a few fossil fuel to whether it is a power plant or an ocean trip. This makes full decarbonization impossible.

Amogy develops a way to fully replace fossil fossils using ammonia. First, the company broke three hydrogen atoms from each nitrogen atom. Then, the hydrogen sent to the fuel cell that creates electricity and water vapor, leaves a pure nitter into the air.

Since there is no burning, the company does not leave the process nox Pollution that can cause smog and cause Health Problems.

Starting previously tested its technology on a fork ship and is on the way to place a commercial scale system in a ship over the next few years. But Amogy also develops a power plant that will provide power for places, including data centers. The first in the next few years will start power over the next few years.

The first systems will be on the smaller side, although it will be able to commit 500 kilowings for a megawatts, although customers can place a few parallel to create more power.

Woo, Amogy’s passage to Japan and South Korea is once again to develop the ammonia infrastructure of the countries at a time. By the end of the decade, the transactions of coal power plants in both countries are expected to use a number of ammonia.

First of all, Ammonia will probably come from the United States and the Middle East, where cheap natural gas is used for hydrogen. Asian countries To set standards How much carbon pollution is as a result of the production of ammonia. As a result, the manufacturers are likely to seize at least some carbs to be able to sell to these markets.

However, the woo under the line is to switch to green hydrogen sources to create hope, hope, ammonia. Asian countries, WOO, “like Ammonie as the next LNG, but without carbon.”



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