Press Release
☷U S Deputy Secretary of Commerce Don Graves Visits Clean Energy Pioneer Amogy at the Brooklyn Navy Yard
U.S. Department of Commerce ( By Press Release office)
Jul 23,2022
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U . S . Deputy Secretary of Commerce Don Graves Visits Clean Energy Pioneer Amogy at the Brooklyn Navy Yard Manufacturing FOR IMMEDIATE RELEASE Friday , July 22 , 2022 Office of Public Affairs publicaffairs@doc . gov U . S . Deputy Secretary of Commerce Don Graves visited the Brooklyn Navy Yard yesterday to tour the wide array of small businesses and manufacturers that are driving forward innovation in the city , including clean energy pioneer Amogy . The startup is looking to transform the heavy - duty transportation industry by providing a zero - emission and high - performance alternative energy solution using ammonia as a fuel . “Ensuring the U . S . remains a leader in the development of emerging technologies is vital to our competitiveness , said Deputy Secretary Graves . The Brooklyn Navy Yard is a reflection of American innovation at work . Domestic manufacturing enables us to build the industries of tomorrow and create jobs in the process . ”“Decarbonizing the heavy transportation sector is necessary to achieve net - zero emissions by 2050 and critical to the vitality of the US and global economy , ” said Seonghoon Woo , CEO at Amogy . Meeting this goal requires a robust portfolio of clean energy solutions to which Amogy is an essential partner . Amogy has already successfully demonstrated several impactful , practical applications of our carbon - free fuel technology and we are well on our way to providing viable solutions to decarbonize the industries that are the highest emitters of greenhouse gasses . Using its innovative technology solution , Amogy aims to reduce five billion metric tons of CO2 - eq emission by 2040 , accelerating the global journey towards Net Zero 2050 . By 2040 , Amogy aims to eliminate approximately five gigatonnes of CO2 globally , reducing 10 percent of total greenhouse gas emissions . The startup was founded in November 2020 in Brooklyn Navy Yard , and has raised $70M in funding to date , backed by the e - commerce giant Amazon , through its Climate Pledge Fund , the world’s largest oil company Saudi Aramco and more . While at the Brooklyn Navy Yard , Secretary Graves also visited New York - based jewelry maker Catbird and cutting - edge startup incubator New Lab . Led by Lindsay Greene , President & CEO of the Brooklyn Navy Yard , the tour shone a light on the collaborative and innovative nature of the Navy Yard ' s ecosystem and how it can serve as a national model for urban centers looking to grow their industrial sector . Other attendees included Carmela Mammas , Director , U . S . Commercial Service New York; Eric Morrisette , Deputy Assistant Secretary for Legislative & Intergovernmental Affairs; Navin Girishankar , Counselor to the Deputy Secretary of Commerce; and Lauren Kerner , Special Assistant , Office of the Deputy Secretary of Commerce . Since 2016 , The Department of Commerce , through the National Institute of Standards and Technology’s NY Manufacturing Extension Partnership ( NYMEP ) , has worked with 25 companies in the Brooklyn Navy Yard and provided the following types of services in the Financial Analysis/Assistance Service Suite , Growth Service Product Suite and Strategic/Business Management and Planning Services Suite . The 25 companies reported the following economic impacts:$46 . 6 million total sales$13 . 5 million total cost savings$56 . 4 million total investment ( such as P&P , P&E , IT , Workforce ) 280 total jobs created and retainedAbout the Brooklyn Navy Yard Development CorporationThe Brooklyn Navy Yard Development Corporation ( BNYDC ) is the not - for - profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner , the City of New York . BNYDC’s mission is to fuel New York City’s economic vitality by creating and preserving quality jobs , growing the City’s modern industrial sector and its businesses , and connecting the local community with the economic opportunity and resources of the Yard . The Navy Yard is a modern manufacturing community where businesses have the stability they need to invest , grow , and thrive . About AmogyAmogy offers ammonia - based , emission - free , high - energy - density power solutions to decarbonize transportation for a sustainable future . Founded in 2020 by four MIT Ph . D . alumni with a shared vision , Amogy aims to enable the decarbonization of the heavy - duty transportation sector , accelerating the global journey towards Net Zero 2050 . The company has been invested in by Amazon’s Climate Pledge Fund , AP Ventures , DCVC , Newlab , SK Innovation , and Saudi Aramco Energy Ventures . To date , Amogy’s scalable ammonia - powered , zero - emissions energy system has been demonstrated with success in a drone and heavy - duty tractor . More info at: www . amogy . co Bureaus and Offices National Institute of Standards and Technology Leadership Don Graves Tags Clean Energy
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