Amogy

Decarbonizing hard-to-abate sectors with mature, scalable, and efficient ammonia-to-power solutions.

General Information
Company Name
Amogy
Founded Year
2020
Location (Offices)
Brooklyn, United States +1
Founders / Decision Makers
Number of Employees
181
Industries
Energy, Renewable Energy, Sustainability +1
Funding Stage
Not Funded/Unknown
Social Media

Amogy - Company Profile

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.

Taxonomy: decarbonization, ammonia-to-power, energy solutions, sustainable technology, carbon-free energy, power generation, heavy industry, ammonia cracking technology, hydrogen fuel cells, energy density, net zero economy, transportation decarbonization

Funding Rounds & Investors of Amogy (6)

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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

View All 6 Funding Rounds

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