{"id":4373,"date":"2025-02-05T20:02:37","date_gmt":"2025-02-05T20:02:37","guid":{"rendered":"https:\/\/krogragg.com\/?p=4373"},"modified":"2025-02-05T20:02:37","modified_gmt":"2025-02-05T20:02:37","slug":"amogy-opens-office-in-koreas-pangyo-techno-valley","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=4373","title":{"rendered":"Amogy opens office in Korea\u2019s Pangyo Techno Valley"},"content":{"rendered":"<p>    Amogy opens office in Korea\u2019s Pangyo Techno Valley<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n    <!-- no image --><br \/>\n \t<BR><br \/>\n<BR><\/BR><\/p>\n<div>\n<p>Brooklyn, New York-headquartered ammonia-to-power innovator Amogy has expanded of its operations into South Korea with the opening of an office in the Pangyo Techno Valley tech hub.<\/p>\n<p>By establishing this formal presence in a key market, Amogy will be in close proximity to established investors and partners, including SK Innovation, Samsung Heavy Industries, HD Hyundai, Hanwha, SV Investment, Korea Zinc, and more.<\/p>\n<figure class=\"wp-block-embed alignleft is-type-wp-embed is-provider-marine-log wp-block-embed-marine-log\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZjsYNyHyN9\"><p><a href=\"https:\/\/www.marinelog.com\/technology\/video-amogys-nh3-kraken-sails-worlds-first-carbon-free-ammonia-powered-demo-trip\/\">VIDEO: Amogy\u2019s NH3 Kraken sails world\u2019s first carbon-free ammonia-powered demo trip<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"\u201cVIDEO: Amogy\u2019s NH3 Kraken sails world\u2019s first carbon-free ammonia-powered demo trip\u201d \u2014 Marine Log\" src=\"https:\/\/www.marinelog.com\/technology\/video-amogys-nh3-kraken-sails-worlds-first-carbon-free-ammonia-powered-demo-trip\/embed\/#?secret=dQqOJBvAM3#?secret=ZjsYNyHyN9\" data-secret=\"ZjsYNyHyN9\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div>\n<\/figure>\n<p>The Pangyo Techno Valley presence also brings the company closer to key maritime and hydrogen technology supply chains, positioning it for growth and commercialization following the <a href=\"https:\/\/www.marinelog.com\/technology\/video-amogys-nh3-kraken-sails-worlds-first-carbon-free-ammonia-powered-demo-trip\/\">latest successful demonstration of its technology in a maritime vessel.<\/a><\/p>\n<p>\u201cUnder the significant regulatory support for its hydrogen economy, South Korea\u2019s network of world-class organizations in manufacturing, maritime, and hydrogen and ammonia technologies has already been instrumental in accelerating Amogy\u2019s growth,\u201d said Seonghoon Woo, CEO and co-founder of Amogy. \u201cThis expansion lays the foundation for even stronger roots in a region that will continue to be critical for Amogy as we bring our solutions to the market. Together with our partners and investors in the region, we are dedicated to advancing South Korea\u2019s vision of carbon-free power and heavy industry decarbonization, driving its economic growth and leadership throughout the energy transition.\u201d<\/p>\n<p>Korea\u2019s status as an early adopter in ammonia and hydrogen fuel technologies, along with robust national policies that support the clean tech economy, was a major driver in Amogy\u2019s decision to establish a local presence. In 2024, South Korea held the world\u2019s first auction for electricity generation using hydrogen and ammonia under the Clean Hydrogen Production Standard (CHPS). The country is also advancing grid stability through the recently enacted Distributed Energy Act (DEA), which promotes distributed generation to meet growing power demands.<\/p>\n<p>Additionally, home to three of the world\u2019s leading shipbuilders, South Korea stands at the forefront of maritime innovation and the development of hydrogen technologies. As the largest market for fuel cell solutions in terms of total power output deployed and with a goal to commercialize ammonia-fueled power generation by 2030, South Korea is a key market for Amogy\u2019s ammonia-based energy solutions.<\/p>\n<p>Amogy\u2019s new office in Pangyo Techno Valley will be led by Dr. Stone Zhang, managing director in Asia. Dr. Zhang will oversee key local partners and business development for the Asia Pacific region. Prior to joining Amogy, Dr. Zhang was with DNV where he gained over a decade of regional and global executive experience working across the maritime and energy value chains.He has a Ph.D. in Marine and Offshore Engineering from Harbin Engineering University and an Executive M.B.A. from Rice University.<\/p>\n<p>\u201cOur entry into the South Korean market comes at a pivotal moment,\u201d said Zhang. \u201cWith the help of transformative legislation like CHPS and DEA, Korea is projected to generate 2% of its electricity from hydrogen and ammonia by 2030, increasing to 7% by 2035. Building on this momentum, Amogy is partnering with leading innovators such as SK Innovation, HD Hyundai Infracore, Samsung Heavy Industries, and Hanwha to develop ammonia-fueled solutions for distributed power generation and maritime applications. This new office will enable closer collaborations across the local value chain with industry players who are just as invested as us in the decarbonization journey.\u201d<\/p>\n<p>In September 2024, Amogy completed the latest successful demonstration of its technology, sailing the world\u2019s first carbon-free, ammonia-powered maritime vessel. Bolstered by a <a href=\"https:\/\/amogy.co\/news\/amogy-raises-56-million-to-bolster-commercialization-of-pioneering-ammonia-to-power-solutions\">recently announced investment of $56 million in venture financing<\/a>, the company reports that it is now advancing towards commercializing its solutions to achieve its mission of decarbonizing hard-to-abate sectors such as global shipping and power generation.<\/p>\n<p>The post <a href=\"https:\/\/www.marinelog.com\/news\/amogy-opens-office-in-koreas-pangyo-techno-valley\/\">Amogy opens office in Korea\u2019s Pangyo Techno Valley<\/a> appeared first on <a href=\"https:\/\/www.marinelog.com\/\">Marine Log<\/a>.<\/p>\n<\/div>\n<p> \t<BR><br \/>\n <BR><\/BR><br \/>\n    Marine Log Staff<br \/>\n \t<BR><br \/>\n<BR><\/BR><br \/>\n<a href=\"https:\/\/www.marinelog.com\/news\/amogy-opens-office-in-koreas-pangyo-techno-valley\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=amogy-opens-office-in-koreas-pangyo-techno-valley\">Go to marinelog<\/a><br \/>\n \t<BR><br \/>\n <BR><\/BR><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amogy opens office in Korea\u2019s Pangyo Techno Valley Brooklyn, New York-headquartered ammonia-to-power innovator Amogy has expanded of its operations into South Korea with the opening of an office in the Pangyo Techno Valley tech hub. By establishing this formal presence in a key market, Amogy will be in close proximity to established investors and partners, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[798,2497,192,199,2498,2499,2500],"tags":[193],"class_list":["post-4373","post","type-post","status-publish","format-standard","hentry","category-ammonia-as-a-marine-fuel","category-amogy","category-marinelog","category-news","category-pangyo-techno-valley","category-seonghoon-woo","category-stone-zhang","tag-marinelog"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/4373"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4373"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/4373\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}