Kinetics, a London-based energy company, has taken an equity stake in Amogy and entered into a strategic partnership with the ammonia-to-power technology developer to advance clean energy solutions for floating power infrastructure.

The collaboration, announced on December 2, will support the development of ammonia-based power systems for next-generation zero-emission Powerships as well as floating AI data centres and other emerging digital platforms.

As part of the agreement, the two companies will evaluate and trial Amogy’s ammonia-based power technology for potential deployment across Karpowership’s Powerships™ fleet. They will also look at broader commercial opportunities to deploy the technology to deliver clean, reliable floating power across a range of applications.

Amogy’s technology uses advanced catalyst materials to convert ammonia into hydrogen on-site. The hydrogen can then be supplied to a fuel cell or engine, allowing the system to generate power without producing carbon emissions. Its modular design enables flexible scaling, making it suitable for distributed generation and maritime environments where reliability and efficiency are essential.

"This collaboration underscores the growing global momentum behind ammonia as a practical and scalable source of clean energy," said Seonghoon Woo, CEO of Amogy. "By pairing Amogy's ammonia-to-power solutions with Kinetics' expertise in floating power infrastructure, we can provide fast, flexible, and zero-carbon power to meet the needs of the world's fastest-growing markets and most energy-demanding applications."

Mehmet Katmer, General Manager of Kinetics, said: "At Kinetics, our mission is to accelerate the shift toward cleaner and more flexible energy systems, and ammonia-to-power technology is a key enabler for the next generation of floating power solutions."

Kinetics, which describes itself as a Karpowership initiative, specialises in building and leasing floating LNG assets and renewable energy platforms, including battery energy storage systems. The partnership adds to the company's portfolio of low-carbon energy initiatives, which includes recent ventures in floating data centres and LNG-to-power assets.

Brooklyn-based Amogy has previously demonstrated its ammonia cracking technology in real-world applications. The company's investors include Amazon's Climate Pledge Fund, SK Innovation, Aramco Ventures, Mitsubishi Corporation, Samsung Heavy Industries, BHP Ventures, and AP Ventures.