<div>
  <ul>
    <li>
      <p>
        Amogy, a company presenting ammonia as an emission-free fuel source, has raised USD 139 million in a Series B-1 funding round led by SK Innovation. This brings the company&rsquo;s total funding to USD 208.3 million.
      </p>
    </li>
    <li>
      <p>
        Amogy intends to use the funds to continue its organizational development to support commercialization, begin manufacturing its ammonia-to-power technology, and bring its first product to market in 2024.
      </p>
    </li>
    <li>
      <p>
        Founded in 2020, Amogy was created by four MIT Ph.D. alumni who discovered ammonia has the potential to be an environmentally-friendly, high-performance fuel alternative for the heavy-duty transportation industry. The company&rsquo;s ammonia-to-power technology feeds liquid ammonia through its cracking modules integrated into a hybrid fuel cell system to then power electric motors. The company has successfully tested the fuel on a semi-truck and intends to fuel a tugboat in 2023, following which it plans to present its first commercial offering in 2024.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://amogy.co/amogy-secures-139-million-series-b-1-round-of-funding-moving-the-transportation-industry-closer-to-clean-energy/#">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Climate Tech - Energy

Amogy raises USD 139 million in funding

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Ruben Llanes appointed CEO of AutoGrid

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Shyamli Mohamed appointed as the CFO of Eavor

Warrick Matthews appointed as the managing director and CCO of Tokamak Energy

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All Updates