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Hydrogen Fuel Cells

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SK Innovation invests in ammonia fuel-cell firm Amogy

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By Will Pulson - 15th May 2023

Class 8 tractor fitted with Amogy’s 300kW ammonia fuel cell system unveiled earlier this year

South Korea / USA - SK Innovation Inc, headquartered in South Korea’s capital city Seoul, has invested a further USD50m in Amogy Inc – a US startup company, based in Brooklyn, New York, USA, focused on developing power systems based on ammonia.

SK Innovation, a South Korean energy group and parent company of electric vehicle (EV) battery manufacturer, SK On Company, led the USD139m Series B-1 fundraising round for Amogy Inc, which it describes as a pioneer in the development of emissions-free, ammonia-powered fuel cell systems.

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