Amogy closes funding round, partners with Amazon

17th December 2021

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Sustainable technology company Amogy has closed a Series A funding round that will enable it to advance its first commercial product for ammonia-powered shipping and other transport applications.

Led by hydrogen technologies investor AP Ventures, with new investment from Amazon’s Climate Pledge Fund, the round also included San Francisco-based fund DCVC.

Amogy CEO Seonghoon Woo states that the technology is one of most viable solutions for shipping and other transportation applications in the coming years.

Partnering with Amazon, Amogy will work towards the demonstration of an ammonia-powered clean cargo-shipping vessel. Amazon believes that decarbonising maritime shipping is one of the biggest environmental challenges that has to be addressed to tackle climate change.

AP Ventures MD Andrew Hinkly comments that Amogy’s unique ammonia-based technology offers a compelling emissions-free transport solution, which can fast track the route to net zero.

“We are delighted to continue to support Amogy and lead this investment round,” he states.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION