US hydrogen-based ammonia-to-power tech firm Amogy has raised $56m in venture financing from the likes of Samsung, Hanwha, Temasek, MOL and more.
The round, co-led by existing investor Aramco Ventures and newcomer SV Investment, also saw participation from BHP Ventures, AFW Partners, Quantum Ventures Korea, Kibo Investment, Seoul IP, AP Ventures and Marunouchi Innovation Partners.
Amogy plans to use the funds to commercialise its ammonia cracking technology that can be integrated with hydrogen fuel cells and engines for the maritime and stationary power sectors.
... to continue reading you must be subscribed
