Source: Marketscreener

Amogy: HD Hyundai Infracore, Amogy, and SK Innovation Forge Alliance to Develop Sustainable Distributed Power Generation Solution

Amogy, HD Hyundai Infracore Co. (HDI), and SK Innovation Co. (SKI) have announced a strategic partnership to jointly develop a distributed power generation system that integrates their respective technologies. This new system will combine HDI?s HX22 100% hydrogen engine with Amogy?s ammonia cracking technology, which uses catalyst materials to break down ammonia into hydrogen at lower reaction temperatures with high durability. By combining Amogy?s technology with the HDI Engine, this new integrated system promises a cost-effective ammonia-to-power solution, optimized to advance the decarbonization of distributed power generation in the South Korea power market. Through the partnership, the companies plan to explore the long-term commercial viability and opportunities presented by the combined power generation system. This partnership aligns with the goals of the South Korean government to promote clean hydrogen and ammonia-based power generation under the Clean Hydrogen Portfolio Standard starting this year.

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Est. Annual Revenue
$100K-5.0M
Est. Employees
100-250
Seonghoon Woo's photo - Co-Founder & CEO of Amogy

Co-Founder & CEO

Seonghoon Woo

CEO Approval Rating

90/100

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