New York-based clean energy startup Amogy has secured an additional $23 million in funding, reaching a total investment of $80 million. Led by the Korea Development Bank, this funding round will accelerate Amogy's development of ammonia-to-power technology, aimed at generating clean electricity without emissions. The company plans to deploy this technology primarily for powering ships and large energy systems across Asia. Amogy's CEO, Seonghoon Woo, highlighted the potential of ammonia as a clean fuel and its role in supporting a hydrogen-based economy, especially in Asia. Amogy's patented ammonia cracking technology efficiently converts ammonia into electric power without direct burning, offering a carbon-free solution for industries like shipping. By shifting towards green ammonia made with renewable electricity, Amogy aims to reduce carbon emissions significantly. The company's focus on Asia, with projects like a 40 MW plant in South Korea, aligns with the region's drive towards cleaner energy. The article emphasizes Amogy's strategic growth in Asia, where energy demand is rising rapidly. By targeting markets in South Korea and Japan and leveraging partnerships with key players, Amogy positions itself as a leader in the ammonia fuel market. The clean energy sector's growth projections and the versatility of ammonia as an energy carrier indicate substantial market potential for companies like Amogy. Investor confidence in Amogy is high, demonstrated by the $80 million raised and collaborations with industry giants like Samsung Heavy Industries. Amogy's successful trials, partnerships, and plans for commercial operations underscore the positive sentiment towards its technology and market prospects.