2023-Japan-Amogy

NICHOLAS MANNARINO: Hi, everyone. My name's Nicholas Mannarino. And I'm on the Strategy and Business Development team at Amogy. We are an energy company using ammonia as a zero emissions fuel source for mobility and heavy industry applications.

Amogy was founded roughly two years ago by four MIT PhDs. And we're currently at about 100 employees to date, several of which being MIT alums as well as myself. We are currently based in New York City in the Brooklyn Navy Yard. But a couple of months ago, we actually opened our second office in Stavanger, Norway, the reason for this really to be at the center of maritime shipping innovation and clean ammonia projects, which are of high interest to Amogy. And we also have plans on opening an office in Houston, Texas by the summer of this year.

The problem that Amogy is trying to solve is how can we decarbonize some of these historically hard to abate sectors in heavy industry? Hydrogen has garnered a lot of interest over the past several years. However, it takes a significant amount of energy as well as cost to store and transport it as either a liquid or a gas.

Ammonia is a carbon free hydrogen carrier that has been made on an industrial scale for over 100 years. So it already has a well developed infrastructure. It's easily stored as a liquid, which gives it a high energy density, ultimately leading to significant savings across the hydrogen value chain. As Japan has recently announced its interest in ammonia as a future fuel, the Japanese market would be a great adopter for energy technology.

So what is Amogy technology? Our first proof of concept of ammonia as a zero emissions fuel source was completed in July of 2021. And this five kilowatt drone you see here is the first ever integrated zero emissions power pack for mobility.

On the bottom of the screen, you can see a general schematic of how our system operates. It begins with the ammonia tank, which can be filled by traditional means. The tank is directly fed into the reactor, which is really the core of Amogy's technology. The ammonia gets converted into hydrogen, and then the hydrogen subsequently goes to power a fuel cell. The way we have integrated the reactor and fuel cell in this way, Amogy has completely eliminated any intermediate onboard hydrogen storage.

So over the course of less than a year, we were able to scale our technology to 100 kilowatts to make the first ever zero emissions ammonia powered tractor. This was a great milestone for the company. And we're super proud of what we've been able to do in such a short period of time. And you can see a lot of the media coverage for it on our website as well as our LinkedIn and YouTube channels.

As for what's next for our technology, actually as of last week, we successfully demonstrated our technology in a 300 kilowatt class 8 truck. And you can see the media coverage for it on our website. By the end of this year, we will also be demonstrating our technology in a one megawatt tugboat. And we are working with all of the appropriate partners to ensure the proper safety as well as design for our world's first zero emissions ammonia powered ship.

Our tugboat demonstration really leads us into our first market, which is going to be maritime shipping. The International Maritime Organization has set strict emission reduction guidelines starting in 2030. And because of this, low carbon marine fuel is very much of high interest to the industry.

Ammonia remains to be at the top of mind for these fuels of the future for the maritime industry. And subsequently, we're seeing significant interest as well as increased capacity of clean ammonia projects over the next several years. When using Amogy technology, we produce zero emissions, which will allow us to help decarbonize maritime shipping in the very near future.

While Amogy is still a relatively young company, we have made significant progress in showcasing the viability of ammonia as a zero emissions fuel. And we have some very ambitious goals with regards to our tugboat demonstration, our first commercial sales by the end of this year, and our path to commercialization in the years to come.

This slide showcases the solutions that we can offer to the Japanese market. And we are happy to speak with partners in any and all of these sectors. As for the maritime industry, we can offer both main and auxiliary power for ships. We can provide offshore power. And we can also provide hydrogen as a pilot fuel for when ammonia combustion engines become commercialized in the next several years.

We can offer small scale, off grid distributed power generation. We can also offer standalone hydrogen production for the use of refueling stations for vehicles. Amogy technology can also be used in conjunction with gas turbines with a full by a full conversion of ammonia to hydrogen or as an ammonia hydrogen blend. Lastly, Amogy can support large scale ammonia reforming projects by the supply of our proprietary catalyst. Our catalyst was completely designed in house and offers much higher conversion at much lower temperatures compared to anything that's commercially available now, which leads to notable operating cost savings throughout the life of the equipment.

That concludes my presentation. Thank you very much for your attention. And I look forward to meeting you all during the breakout sessions.

[APPLAUSE]

SPEAKER: Thanks, Nick. Great job.