SK Innovation invests in U.S. startup Amogy for development of ammonia-based fuel cell system

Lim Chang-won Reporter() | Posted : June 14, 2022, 16:24 | Updated : June 14, 2022, 16:24

[Courtesy of SK Innovation]

SEOUL -- As part its strategy to establish a green portfolio, SK Innovation affiliated with South Korea's SK group invested some $30 million in Amogy and agreed to cooperate in ammonia-based fuel cell systems, citing the commercialization potential of the American startup's technologies. 

SK Innovation (SKI) said it has signed a memorandum of understanding Amogy that develops a carbon-free energy system using ammonia as a fuel. SKI said Amogy's ammonia power technologies can be applied to large ships and trucks as well as eco-friendly industrial mobility markets such as emissions-free forklifts, agricultural machinery, and drones.

"We will continue to build an eco-friendly portfolio through the active development and utilization of carbon-free, low-carbon energy as well as the success of this project," SKI's portfolio division head Kim Cheol-joong said in a statement on June 14.
  
In June 2022, Amogy demonstrated the first ammonia-powered, zero-emissions tractor. The company's ammonia-to-power system is comprised of a standard liquid-storage tank and highly efficient ammonia-cracking modules integrated into a hybrid fuel cell system, which can provide consistent primary power for several hours per refueling. Refueling a tractor with liquid ammonia is fast and simple.

Ammonia is seen as an ideal resource to establish an eco-friendly hydrogen fuel cell-based infrastructure. Ammonia is produced through a chemical reaction between hydrogen and nitrogen at high pressure and temperatures of 450 degrees Celsius. The decarbonization of ammonia production is an integral part of the global transition to net-zero emissions by 2050. 
   
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