Amogy, a Brooklyn-based ammonia-to-power solutions provider, recently announced a significant milestone by raising $56 million in venture financing to further develop and commercialize its innovative technology in the maritime and stationary power generation sectors. The funding round was co-led by Aramco Ventures and SV Investment, with participation from a range of existing and new investors such as Samsung Heavy Industries, BHP Ventures, and others, bringing the total funding since the company's inception to over $270 million. The core of Amogy's technology lies in its patented ammonia-powered system that splits ammonia into hydrogen and nitrogen, subsequently utilizing the hydrogen in a fuel cell or hydrogen engine to generate power without any carbon emissions. The company's successful demonstration on the NH3 Kraken tugboat, along with previous trials on different vehicles, validates the feasibility and effectiveness of their solution, marking a significant step towards reducing global carbon emissions and aligning with industry sustainability goals. The CEO of Amogy, Seonghoon Woo, expressed optimism about the recent achievements, highlighting the support and validation from premier investors as a testament to the technology's potential in addressing decarbonization challenges in hard-to-abate sectors. Investors and industry experts have praised Amogy's innovative catalyst and reformer technology for enabling ammonia cracking at lower temperatures, making transportation use cases economically feasible. With a strategic focus on commercialization and continued research and development, Amogy aims to lead the way in distributed generation and maritime applications, with plans for impactful deployment by 2026. The company's commitment to innovation, sustainability, and reducing emissions has garnered strong support from stakeholders, positioning Amogy as a key player in advancing clean energy solutions for heavy industries.