Raised $80M (Jul 2025) at $700M valuation led by Korea Development Bank. Ammonia-to-power for ships and data centers. First to crack ammonia cracking for commercial maritime power.
Amogy develops ammonia-to-power systems that crack ammonia (NH3) into hydrogen on demand and feed it to fuel cells — providing zero-emission power for maritime vessels and, increasingly, data centers. The company raised $80 million in July 2025 at a $700 million valuation, led by the Korea Development Bank, validating the technology's relevance to South Korea's dominant shipping and heavy industry sectors. In 2026, Amogy is expanding into terrestrial data center power as a complementary market to its maritime deployments.
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