Amogy's recent funding round of $11.2 million is significantly smaller than its previous $139 million round, indicating the difficulties climate startups face attracting investment.
Unlike most green ammonia startups, Amogy opts to crack ammonia into nitrogen and hydrogen, creating a zero-carbon system that doesn't rely on pilot fuels.
The maritime shipping industry is under pressure to achieve net-zero carbon emissions by 2050, making them potential early adopters for Amogy's technology.
While ammonia can be used in modified internal combustion engines, Amogy's approach of using hydrogen in fuel cells presents a cleaner alternative.
#green-ammonia #climate-startups #sustainable-transportation #zero-carbon-technology #maritime-shipping
Collection
[
|
...
]