South Korea's policy bank, Korea Development Bank, has made a significant investment in the clean power company Amogy, known for its innovative approach to utilizing ammonia as a fuel source for hydrogen fuel cells. While ammonia typically requires carbon-based fuel for combustion and produces NOx emissions, Amogy's technology sidesteps these issues by breaking down ammonia into nitrogen and hydrogen. The nitrogen is released into the atmosphere, while the hydrogen powers the fuel cells, resulting in zero onboard emissions. Amogy aims to scale its technology for maritime and stationary power applications, with the recent $23 million investment round driving market entry in Asia. The company's CEO highlighted the growing global demand for clean power and the potential of ammonia as a zero-carbon fuel. South Korea's strong interest in green propulsion aligns with Amogy's goals, as the country's Clean Hydrogen Portfolio Standard and Distributed Energy Act are set to increase the use of hydrogen and ammonia significantly by 2035. Amogy sees ammonia as a key player in the transition to a hydrogen-based economy, especially in Asia, where ammonia is becoming a leading zero-carbon fuel solution.