NEW YORK and LONDON, Dec. 02, 2025 (GLOBE NEWSWIRE) — Amogy, a provider of scalable and efficient ammonia-to-power solutions, today announced an investment from and strategic partnership with Kinetics, a London-based energy company dedicated to cleaner, flexible energy systems. The collaboration will accelerate the development and deployment of ammonia-based clean power technologies for next-generation zero-emission Powerships – floating power plants – designed to support floating AI data centers and other emerging digital infrastructure.

Under the partnership, Amogy and Kinetics, a Karpowership initiative, will explore opportunities to jointly evaluate and pilot Amogy’s ammonia-to-power solutions to decarbonize Karpowership’s fleet of Powerships™. The parties will also explore commercial-scale opportunities to deploy Amogy’s technology in delivering clean, reliable floating power to AI data centers and other emerging applications.

Amogy’s proprietary ammonia-to-power technology leverages advanced catalyst materials to efficiently crack ammonia into hydrogen on-site. The hydrogen is then fed into a fuel cell or an engine, generating high-performance power with zero carbon emissions. The system’s modular design makes it adaptable and scalable, ideally suited for distributed power generation and maritime applications that demand both reliability and efficiency.

“We are proud to welcome Kinetics as both a strategic partner and investor in Amogy,” said Seonghoon Woo, CEO of Amogy. “This collaboration underscores the growing global momentum behind ammonia as a practical and scalable source of clean energy. 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.”

“We are pleased to partner with Amogy in our journey to build the clean energy systems of the future,” said Mehmet Katmer, General Manager of Kinetics. “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. By combining Amogy’s innovation with our expertise in deploying large-scale floating infrastructure, we are advancing toward zero-emission floating power for communities and data ecosystems worldwide.”

The partnership and investment build on Kinetics’ expanding portfolio of low-carbon and renewable energy initiatives, including recent ventures in floating data centers and LNG-to-power assets.