US-based Amogy has raised $56 million in venture financing in a round co-led by existing investor Aramco Ventures and new investor SV Investment, bringing total raised since inception to more than $270 million. Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities, and others. Amogy recently demonstrated its ammonia-to-electrical power system by sailing the world's first carbon-free, ammonia-powered maritime vessel in September 2024. The company's technology has also powered an aerial drone, commercial farm tractor, and semi-truck by splitting ammonia into hydrogen and nitrogen. The hydrogen is then used in a hydrogen-to-power system, producing power with zero carbon emissions. With the new financing, Amogy plans to accelerate commercializing its technology in maritime shipping and stationary power generation sectors, while continuing to invest in research and development and manufacturing capabilities.