6.22.22-Showcase-Amogy

SPEAKER: Hi, everyone. My name is Nick Mannarino. I'm the business development engineer at Amogy. We are an ammonia energy company, and today, I'm going to be talking about a big solution for a big challenge.

We were founded about a year and a half ago by 4 MIT alums and have had the pleasure of onboarding several more of them since. Myself being one of them. And below, you can see some of our key investors.

Last year, Amazon invested in our technology and our team to help decarbonize Maritime shipping. And recently, we've welcomed both Saudi Aramco and SK. We're currently based in Brooklyn, New York, but are rapidly outgrowing our original space with plans to increase our presence across the United States, as well as open an office in Norway by the end of the year to really be at the center of Maritime shipping innovation.

It's no secret that greenhouse gas emissions have been steadily increasing over the past several decades, but the percentage that comes from the transportation sector is rising at an even faster rate. And while we already have sustainable solutions for passenger vehicles like batteries and hydrogen, we still don't have a sustainable solution for heavy duty transportation, which is why our technology at Amogy could lead to a 10% global emissions reduction. And in trillion industries like transportation and shipping, that changes a big challenge into a big opportunity.

While both hydrogen and batteries are carbon free fuel sources, the energy density of both of these is rather limited. Particularly that of hydrogen, given the excessive energy it takes to compress, store, and transport it. Not to mention that the infrastructure for both these technologies globally is not widespread, whereas ammonia checks all three of these boxes.

Ammonia is carbon free and it has been made on an industrial scale for over 100 years, primarily used as fertilizer. Given it's one of the most produced chemicals in the world, it already has a well existing infrastructure and best practices on how to safely store and handle it. It's relatively easy to store it as a liquid, which gives it a high energy density. Five times that of batteries and almost three times that of hydrogen gas. And given this characteristic, Amogy has been able to design our power system that is compact, efficient, and scalable.

So what does our solution look like? About a year ago it looked like this with our first proof of concept with an ammonia powered drone. Our system begins with our liquid ammonia tank where it's stored, where it feeds directly into a reactor where the products of the reactor directly go to a hydrogen fuel cell.

Directly coupling the reactor in the fuel cell together eliminates any need for intermediate hydrogen storage. The system has a power of 5 kilowatts and an efficiency of about 38%. And just for reference, your car engine has an efficiency of about 30.

So over the course of less than a year, we were able to scale our power system up 20-fold and install it into a retrofitted John Deere tractor, all while improving the system efficiency. This demonstration was completed at the end of last month. It was a major milestone for us, and we're really proud of it. And if you want to take a look at more, you can check it out on our website, as well as on LinkedIn.

Given the drone and the tractor were two big milestones for us, we do see our first market entry point being in Maritime shipping. Primarily because the International Maritime Organization has set strict emission reduction guidelines beginning in 2030, which is why action is really needed now. Because of this, Amogy intends to be the first mover in the market to decarbonize Maritime shipping. And in fact, we're already seeing ammonia producers ramp up in production with this anticipation of increased demand.

To disrupt an industry like shipping, we know we can't do it alone, which is why we're seeking partners in any and all of these categories. We'd love to speak with you or someone in your network if they own ships or a yard, provide components, anything that I'm mentioning here might not be specifically mentioning.

In fact, due to our investment from Amazon, we're currently committed to building a one megawatt system to demonstrate in the first ever ammonia powered shipping vessel at the beginning of next year. And we're already in talks with a naval architect to do so. Given we talked about the drone and the tractor, we know that our solution can be applied to more than just shipping, which is why we're also actively considering trucking and ground vehicles, as well as stationary power generation, or really any application where continuous power would be needed maybe in a remote area where the charging characteristics of a battery might not be very conducive.

Over here, you can see a list of some of our key milestones. By the end of this year, we intend to retrofit and demonstrate our technology into a class A truck. All in parallel working towards our shipping vessel and commercializing to larger ships, as well as stationary power.

So with that, we hope you're as excited about zero emissions transportation as we are. And please get in contact with us if you're an owner, an integrator, a designer, or an end user in any of these industries here. In marine, on and off road vehicles, or stationary power. Please come check me out at the booth sometime today. Thank you very much.

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