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Green ammonia inauguration Amogy has raised $ 11.2 million of a targeted $ 90 million cycle , anSEC filingreveals . The newfangled round ’s fair game is significantly smaller than its last round — a $ 139 million Series B-1 that was announced in March 2023 — highlighting thechallenges that halfway - stage climate startup facetoday when trying to attract investment funds .
Amogydid not immediately reply to head about the financial support around .
The company is center on various transportation market place , include maritime shipping , long - haul hauling , and husbandry . sooner this yr , Amogy tested its ammonia water - to - power technology in aretrofitted tugboat , and it antecedently tested it in semi - tractors and farm tractors .
Many gullible ammonia startups are direct tenacious - distance transportation in part because ammonia can be burned inside traditional internal burning engines with a few modifications , although it does require a so - call pilot fuel like Rudolf Christian Karl Diesel or biofuel to help it ignite . Depending on the pilot fuel , flip-flop to ammonia eliminates most if not all carbon emissions , but it also generates oxides of nitrogen , a family of pollutant that contributes to smog and acidic rain and can get global warming .
Amogy takes a different approach than most . Rather than sting the ammonium hydroxide , it cracks the fuel into nitrogen and hydrogen . The nitrogen is breathe as harmless atomic number 7 gasolene while the hydrogen hunt down through a fuel cell , which bring about electrical energy and water . The setup does n’t require a pilot program fuel , either , meaning it ’s zero - carbon from the starting time .
Despite not reusing internal burning locomotive already in trucks and ship , Amogy is potential to find at least some receptive customers , peculiarly within maritime shipping . The diligence has arrange adeadlineof 2050 to hit net - zero C emission .
