
Amogy Launches Testing Operations for Maritime Applications of Ammonia-to-Power Platform in Stord, Norway
BROOKLYN, N.Y. and STORD, Norway, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, announced it has signed a letter of intent and a lease with Sustainable Energy Catapult Center to initiate testing operations for its 200kW ammonia-to-power platform at their recently-launched testing facility for new and sustainable energy solutions in Stord. This is an important next step as Amogy expands its footprint in Norway and seeks to be the first to demonstrate the viability of its platform for decarbonizing maritime vessels.
Amogy announced the opening of its Stavanger, Norway headquarters and the appointment of Christian Berg as Managing Director of Amogy Norway in September 2022. Establishing a presence at Stord Energy House provides Amogy with new opportunities to test and demonstrate its platform as well as access to collaborative opportunities with industry partners pursuing similar and supplemental projects. The Amogy team will focus on test programs for a 200kW powerpack prior to its installation on a tugboat later this year. Following the tugboat demo, Amogy plans to continue using the Stord facility for continuous testing for up to several months at a time.
Amogy has developed a proprietary ammonia-to-power platform that relies on unique ammonia cracking technology. By extracting hydrogen onboard for fuel in a hydrogen engine, Amogy’s platform offers a scalable, sustainable solution to decarbonizing heavy duty vehicles and supply chains. To date, the technology has been successfully demonstrated in a drone, John Deere tractor, and Class 8 Semi truck. Amogy is actively scaling it for use in maritime vessels, with plans to pursue a 1MW ammonia-powered tug boat demonstration and an inland barge retrofit in partnership with Southern Devall.
“The Catapult Center in Stord will suit our local team’s needs incredibly well,” said Christian Berg, Managing Director for Amogy Norway. “The facility already performs tests on other ammonia projects and possesses the necessary infrastructure to support testing on our powerpack. We’re grateful for the opportunity to collaborate with their team of experienced engineers and access their innovative technologies as we expand our footprint in Norway and seek commercial opportunities in the maritime sector.”
Sustainable Energy is world-leading when it comes to the testing and validating of future energy systems within green shipping and floating offshore wind.
“We’re honored to help Amogy test and verify their groundbreaking solutions on a full scale. Our aim is to be a driving force in the green transition,” said Willie Waagen, CEO at Sustainable Energy Catapult Center. “Implementing ammonia as one of the future fuels for the maritime sector, can prove to be a game-changer when it comes to eliminating emissions in shipping. We’re humble to be a part of this zero-emission voyage.”
Norway is at the forefront of efforts to produce green ammonia to decarbonize shipping and zero-emission solutions. Expanding operations to include testing at Stord Energy House will be instrumental in Amogy’s efforts to pilot and commercialize its ammonia-to-power platform in oceangoing vessels as well as maritime industry net zero and emissions reductions goals.
About Amogy
Amogy offers ammonia-based, emission-free, high energy-density power solutions to decarbonize transportation for a sustainable future. Founded in 2020 by four MIT PhD alumni with a shared vision, Amogy aims to enable the decarbonization of the heavy-duty transportation sector, accelerating the global journey towards Net Zero 2050. The company’s investors include Amazon’s Climate Pledge Fund, AP Ventures, SK, Saudi Aramco and DCVC. To date, Amogy’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a drone, heavy-duty tractor, and semi truck. More info at: www.amogy.co
About Sustainable Energy
Sustainable Energy is one of five Norwegian national catapult centers established by the Norwegian government to accelerate innovation. The catapult centers aim to make sustainable solutions market-ready as soon as possible, by making both expertise and testing facilities available for their clients. The five centers cover areas such as smart manufacturing, ocean technologies, future materials and digitalization.
Sustainable Energy will help your company develop, test and validate sustainable solutions for energy generation, storage and distribution.
www.sustainableenergy.no
Media inquiries:
For Amogy:
amogy@fischtankpr.com
For Sustainable Energy
willie@sustainableenergy.no
+47 95 75 39 42
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39f0de1c-72a9-46ff-b62f-8037a2780129
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin