NEW YORK, Nov 18 (Bernama-GLOBE NEWSWIRE) — Amogy, a provider of mature, scalable, and highly efficient ammonia-to-power solutions, today announced a $15 million strategic investment by GS Engineering and Construction (GS E&C), a leading South Korean engineering, procurement, and construction (EPC) firm. A consortium of GS companies participated in the funding, including GS E&C, and affiliated venture investors XPLOR, and GS Futures.
With this investment, Amogy has raised nearly $100 million over the past year, bringing the total raised since inception to $315 million, to execute on the deployment of ammonia-based power generation projects in key markets.