Amogy, a provider of ammonia-to-power solutions has announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.This will Amogy close to established
Amogy, a provider of ammonia-to-power solutions has announced the expansion of its operations into South Korea with the opening of an office in the Pangyo Techno Valley.
This will Amogy close to established investors and partners, including SK Innovation, Samsung Heavy Industries, HD Hyundai, Hanwha, SV Investment, and Korea Zinc.
Korea’s status as an early adopter in ammonia and hydrogen fuel technologies, along with robust national policies that support the clean tech economy, was a major driver in Amogy’s decision to establish a local presence. In 2024, South Korea held the world’s first auction for electricity generation using hydrogen and ammonia under the Clean Hydrogen Production Standard (CHPS). The country is also advancing grid stability through the recently enacted Distributed Energy Act (DEA), which promotes distributed generation to meet growing power demands.
Additionally, home to three of the world’s leading shipyards, South Korea stands at the forefront of maritime innovation and the development of hydrogen technologies. As the largest market for fuel cell solutions in terms of total power output deployed and with a goal to commercialize ammonia-fueled power generation by 2030, South Korea is a key market for Amogy’s ammonia-based energy solutions.
Amogy’s new office in Pangyo will
Content Original Link:
" target="_blank">
