Amogy has just closed a funding round to after it sailed the world’s first carbon-free ammonia powered maritime vessel.
In previous tests, Amogy proved its system could effectively power several different types of vehicles. Specifically, they successfully ran their technology in a flying drone, a tractor used for farming operations, and a large commercial truck used for hauling cargo. The core of their technology involves an innovative process that breaks down ammonia molecules into their fundamental components – hydrogen and nitrogen atoms. Once separated, the hydrogen is directed into a specialized power system, which can be either a fuel cell or a hydrogen-powered engine. This process generates substantial power output while producing no carbon emissions during operation.
Amogy’s latest technical demonstration – the successful sailing of their ammonia-powered tugboat, the NH3 Kraken – has proven that their technology represents a safe, viable, and effective solution for meeting decarbonization objectives in heavy industrial applications. Following this significant milestone, the company has received strong validation from leading investors across multiple industries, who are supporting Amogy’s accelerated path toward commercialization.
According to BHP’s Vice President Ventures, Laurel Buckner, Amogy has developed groundbreaking catalyst and reformer technology that represents a significant advancement in ammonia processing. Their innovation allows for ammonia cracking – the process of breaking down ammonia into its component elements – to occur at substantially lower temperatures and with a smaller physical footprint than traditional methods. This technological breakthrough has made it possible to use ammonia-based power systems in transportation applications that were previously considered impractical or too costly to implement. Through this investment, Buckner explained that BHP Ventures is strengthening its dedication to supporting technologies that not only drive innovation but also contribute to emissions reduction and align with BHP’s broader environmental sustainability objectives.
The latest round of financing will enable Amogy to pursue two major strategic objectives. First, the company will accelerate its efforts to bring its technology to market, focusing specifically on two key sectors: the maritime shipping industry, where vessels require significant power for long-distance travel, and stationary power generation, which involves producing electricity at fixed locations. Second, Amogy will invest in strengthening its core capabilities by expanding both its research and development programs – where scientists and engineers work to refine and improve the technology – and its manufacturing facilities, where the actual systems are built and assembled. This dual approach of market expansion and internal capability building suggests Amogy is preparing for significant scaling of its operations.