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From dealing with tariffs to navigating through the twists and turns of the reconciliation bill, climate tech startups have been facing a rapidly changing environment. However, Brooklyn-based startup Amogy has managed to soar above the turbulence caused by U.S. politics by setting its sights on more promising foreign markets.
### Ammonia Power Technology in Action
Amogy’s innovative technology that transforms ammonia into power, coupled with its focus on Asian markets like Japan, South Korea, and Singapore, has attracted a fresh $23 million in funding. With this latest round, the company has raised a total of $80 million, boosting its valuation to $700 million, according to co-founder and CEO Seonghoon Woo.
The startup, primarily based in the U.S., has discovered a high demand for its core technology in Japan and South Korea, countries eager to explore new avenues for power generation. These nations lack abundant solar, wind, and geothermal resources, making them seek alternative ways to expand their power sources.
### The Rise of Ammonia in Asia
Ammonia, commonly used in plant fertilizers, serves another crucial purpose as a hydrogen carrier. Transporting hydrogen can be challenging due to its flammability and tendency to leak, but using ammonia as a carrier simplifies the process.
To combat carbon pollution, Asian countries have begun using ammonia in existing fossil fuel power plants. They typically substitute a portion of coal with ammonia to reduce emissions.
### Towards a Greener Future
Shipping companies have also embraced ammonia as a replacement for diesel, especially with the International Maritime Organization planning to implement a carbon tax in 2027.
Amogy is working on fully replacing fossil fuels with ammonia as a fuel source. By separating hydrogen from nitrogen atoms, the company generates electricity and water vapor in a fuel cell, releasing pure nitrogen into the air without any combustion, thus eliminating NOx pollution.
The startup plans to deploy commercial-scale systems in ships and power plants within the next few years. These systems, initially producing 500 kilowatts to 1 megawatt of electricity, can be scaled up by deploying multiple units in parallel.
### Green Ammonia Revolution
As Japan and South Korea start to develop their ammonia infrastructure, the demand for green hydrogen to produce ammonia is on the rise. Amogy envisions a transition to green hydrogen sources for ammonia production. Asian countries see ammonia as the next LNG, offering a cleaner alternative without carbon emissions.
By focusing on these emerging markets and innovative technology, Amogy is paving the way for a greener and more sustainable future in power generation and transportation.
