NEW YORK - Monday, 23. September 2024 AETOSWire
Successful
Demonstration of Amogy’s Proprietary Ammonia Cracking Technology
Achieves a Monumental Step Towards Decarbonizing the Maritime Industry
and Propels Company Towards Commercialization
(BUSINESS
WIRE)--Amogy, a provider of mature, scalable, and efficient
ammonia-to-power solutions, today announced that the world’s first
carbon-free, ammonia-powered maritime vessel successfully completed its
maiden voyage. The NH3 Kraken, a tugboat originally constructed in 1957
and retrofitted with Amogy’s ammonia-to-electrical power system, sailed
on a tributary of the Hudson River, upstream from New York City.
This
demonstration is a significant step towards reducing global carbon
emissions and moving the maritime industry closer to the International
Maritime Organization's (IMO) target of net-zero emissions by 2050. It
proves both the viability of Amogy’s technology and the potential of
ammonia as a carbon-free maritime fuel.
“Governments across the
globe and industry organizations like the IMO have set aggressive goals
to reduce global carbon emissions. These goals seem daunting, but
they’re necessary – and our successful demonstration of the world’s
first carbon-free, ammonia-powered vessel proves that they’re
achievable,” said Seonghoon Woo, CEO and co-founder of Amogy. “By
demonstrating our technology on the water for the first time, we’ve
gained invaluable knowledge that will help us move quickly to
commercialization and real-world applications. The opportunity to
decarbonize the maritime industry is within reach, and for Amogy, it’s
just the beginning.”
Successfully sailing the NH3 Kraken is the
largest and most significant application of Amogy’s technology to date,
following successful demonstrations of an aerial drone, commercial farm
tractor, and semi-truck. Amogy will apply knowledge gained from this
demonstration to real-world applications of its technology, including
both retrofit projects and newbuilds. The company is already working on
contracts signed and in progress with organizations such as Hanwha
Ocean, Terox, and others.
Amogy’s patented ammonia-to-electrical
power system splits, or “cracks,” liquid ammonia into its base elements
of hydrogen and nitrogen. The hydrogen is then funneled into a fuel
cell, generating high-performance power with zero carbon emissions. This
technology offers a sustainable, clean energy solution, tailored for
hard-to-abate sectors like maritime shipping, as well as stationary
power generation applications. During this demonstration, the NH3 Kraken
was fueled with green ammonia, produced entirely with renewable energy,
further reducing its carbon footprint.
The global shipping
industry emits close to 1 billion tons of greenhouse gasses per year,
equivalent to the emissions of a G7 country like Germany or Japan. The
successful voyage of the NH3 Kraken validates the vast potential ammonia
holds for transforming the shipping industry, and other sources of
power generation in the future.
“Ammonia is the world’s second
most produced chemical, with around 20 million tons moving around the
globe through 200 ports each year. With that track record, shifting the
industry mindset to use it as a fuel is completely achievable, and can
happen at an accelerated pace,” continued Woo.
Amogy plans to release a case study providing additional technical details in the coming months.
About Amogy:
Amogy
provides carbon-free energy solutions to decarbonize hard-to-abate
sectors like maritime shipping, as well as stationary power generation
applications. Proven in real-world applications, its patented ammonia
cracking technology is mature, scalable and a highly efficient method
for splitting liquid ammonia, generating electrical power in combination
with hydrogen fuel cells.
Amogy is headquartered in Brooklyn,
New York, with additional locations including Houston, Texas, Norway,
and Singapore. Amogy is backed by investors including Amazon’s Climate
Pledge Fund, Temasek, SK Innovation, Aramco Ventures, Mitsubishi
Corporation and AP Ventures. For more information, follow Amogy on
LinkedIn, X, Instagram, Threads, Facebook, and YouTube, or visit
www.amogy.co.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919667075/en/
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