Participated · Equity · Jan 2025

Amogy builds modular ammonia-to-power systems that crack ammonia into hydrogen and feed the resulting hydrogen into a fuel cell or engine, enabling carbon-free electricity generation. The company targets hard-to-decarbonise sectors, with current focus on maritime propulsion, distributed generation, and floating power infrastructure. Its plug-and-play modules are designed to integrate into vessels or barges, providing fast-deployable, high-density power. Amogy is now exploring the use of its technology on Powerships and floating data-centre platforms through a new partnership with Kinetics, a subsidiary of Karpowership. By pairing on-board ammonia storage with at-sea operations, the approach could circumvent on-shore permitting delays while leveraging seawater cooling for improved energy efficiency. The collaboration aims to serve multi-hundred-megawatt AI and digital-infrastructure loads, contingent on developing adequate ammonia bunkering and grid connections. No revenue or user metrics were disclosed in the article, but management positions the solution as a key enabler for rapid, large-scale decarbonisation in high-demand markets.