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New and existing investors back company behind the world's first carbon-free, ammonia-powered maritime vesselNEW YORK--(BUSINESS WIRE)--Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced that it raised $56 million in venture financing, bringing total raised since inception to more than $270 million. The round was co-led by existing investor Aramco Ventures and new investor SV Investment. Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities, AFW Partners, Quantum Ventures Korea, Kibo Invest, and Seoul IP, along with existing investors Temasek, MOL Switch, Yanmar Ventures, AP Ventures, and Marunouchi Innovation Partners. This financing follows the latest successful demonstration of Amogy's ammonia-to-electrical power system where it sailed the world's first carbon-free, ammonia-powered maritime vessel in September 2024. In earlier demonstrations, the company successfully used its te...