SK Innovation and Amogy signed a memorandum of understanding on the former’s $30-million investments in the latter and technological collaborations, in San Jose, California, Sunday. From left: Kim Cheol-jung, head of portfolio division at SK Innovation, Kim Jun, SK Innovation vice chairman, Woo Seong-hoon, Amogy CEO and Lee Seong-jun, head of SK Innovation Institute of Environmental Science and Technology. [SK INNOVATION]
SK Innovation is investing $30 million in Amogy, a Brooklyn, New York-based startup to co-develop hydrogen fuel cells using ammonia as a green energy source, which is considered a more cost-effective vector for hydrogen than pure hydrogen liquid.
SK Innovation, an oil refiner, said…
SK Innovation investing $30 million in Amogy to co-develop hydrogen fuel cells
