Clean fuel technology startup Amogy has raised an additional $23 million in venture financing to fuel its ambitious expansion into the Asian market. This funding, announced recently, builds on a previous round from January 2025, bringing the company's total capital raised to nearly $300 million.
Founded in 2020 and based in Brooklyn, New York, Amogy specializes in ammonia-to-power solutions, offering emission-free and high-energy-density alternatives for industries like shipping and power generation. The company's innovative technology aims to decarbonize hard-to-abate sectors, positioning it as a leader in the clean energy space.
This latest investment will accelerate Amogy's efforts to penetrate the Asian market, a region with significant demand for sustainable energy solutions. The funds will also support the scaling of stationary power systems and drive maritime innovation, further solidifying Amogy's global presence in the clean fuel sector.
Amogy's technology leverages ammonia as a carbon-free fuel, which can be converted into electricity through its proprietary systems. This approach not only reduces greenhouse gas emissions but also addresses the challenges of energy storage and transportation in a sustainable manner.
The company has already garnered attention for its potential to transform industries with high carbon footprints. With this $23M boost, Amogy is poised to make significant strides in Asia, where governments and corporations are increasingly prioritizing green energy initiatives.
As the world races toward net-zero goals, Amogy's advancements in ammonia-based power could play a pivotal role. Industry experts believe this funding will help the startup meet growing demand and contribute to a cleaner, more sustainable future.
Alfred Lee
