Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
Publishing timestamp: 2023-02-01 15:19:22
Summary
New companies and technology are working on turning ammonia into hydrogen to power tractors, trucks and even ships in order to reduce greenhouse gas emissions from transportation. Amogy, a startup based in Brooklyn, has tested its technology on semi-trucks, John Deere tractors, and drones, and is now working on a tugboat. The company has raised $70 million from investors such as Saudi Aramco, Amazon's Climate Pledge Fund, AP Ventures, and SK Innovation.
Sentiment: POSITIVE
Keywords: climate, amazon.com inc, business news, energy, transportation, autos, technology, deere & co,