Amogy is a cutting-edge startup aiming to decarbonize hard-to-abate sectors with their innovative and efficient ammonia-to-power solutions. Founded in 2020 and headquartered in the United States, the company has gained attention with its pioneering technology. Amogy's patented ammonia cracking technology has been successfully proven in real-world applications, offering a mature, scalable, and highly efficient method for generating electrical power from liquid ammonia. This method, in combination with hydrogen fuel cells, boasts an impressive five times the energy density of lithium batteries, making it a promising solution for the challenging sectors of maritime, power generation, and heavy industry. In recognition of its potential, Amogy secured a significant $11.00M Series B investment on 05 June 2023 from Mitsubishi Corporation and Mitsubishi Heavy Industries. This investment not only reflects the confidence of industry giants in Amogy's approach but also provides the much-needed capital for further development and expansion. With a focus on energy, renewable energy, sustainability, and clean energy, Amogy's work aligns with the growing demand for green and carbon-free energy solutions. The company's strong technology, strategic partnerships, and recent investment position it as a significant player in the quest for a more sustainable future.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Not Funded/Unknown | $56.00M | 14 | Samsung Heavy Industries, Hanwha Investment & Securities +5 | 16 Jan 2025 |
Series B | $11.00M | 2 | Mitsubishi Corporation, Mitsubishi Heavy Industries | 05 Jun 2023 |
Series B | $139.20M | 8 | Korea Zinc | 22 Mar 2023 |
Corporate Round | $46.00M | - | 23 Jun 2022 | |
Series A | $20.00M | - | 14 Dec 2021 |