Amogy and GreenHarvest Target First Ammonia-to-Power Deployment in Taiwan to Accelerate Industrial Decarbonization
Under the partnership, Amogy will provide the ammonia-to-power system while GreenHarvest will lead local integration as the power generation and distribution partner. The pilot system is scheduled for installation between late 2026 and early 2027 at a selected large industrial electricity consumer facility in Taiwan, with the potential to scale across the island's high-tech and manufacturing sectors.
'We are proud to bring our ammonia-powered technology to Taiwan with a forward-looking partner like GreenHarvest,' said Seonghoon Woo, CEO at Amogy. 'This project not only represents the first deployment of our technology in Taiwan, but also a critical step toward decarbonizing industrial energy use in one of the world's most important digital infrastructure economies.'
Amogy's system utilizes advanced catalyst materials to convert ammonia into hydrogen on-site. The hydrogen is then funneled into a hydrogen engine, generating high performance power with zero carbon emissions. The system is modular, efficient, and uniquely suited to hard-to-abate industrial operations that demand both reliability and scalability.
This project with GreenHarvest builds on Amogy's growing footprint in Asia, following the company's expansion into South Korea earlier this year to support regional commercialization and collaboration.
As Taiwan seeks to meet ambitious decarbonization goals under its Nationally Determined Contributions (NDCs), the partnership offers an innovative pathway for reducing Scope 1 and Scope 2 emissions in eco-conscious manufacturing sectors. The collaboration also aligns with Taiwan's developing carbon trading framework, providing industrial electricity users with a future-proof energy solution that can reduce operational carbon footprints while supporting compliance with evolving regulatory policies.
KH Chen, Chairman of GreenHarvest, commented: 'GreenHarvest has long been committed to rooftop solar development, providing industrial electricity users with a reliable and user-friendly source of green power. At the same time, we are actively deploying next-generation green electricity technologies. Through our 2024 collaboration with H2U in Australia on a green hydrogen project and this deployment of Amogy's ammonia-to-power energy solution at customer sites, it further reinforces our confidence and momentum in ammonia-based energy applications.'
The project builds on GreenHarvest's extensive renewable energy experience, including large-scale rooftop solar installations and its international green hydrogen ventures. By combining GreenHarvest's market leadership in Taiwan's energy transition with Amogy's cutting-edge technology, the partnership opens a new chapter in Asia's clean industrial power landscape.
About Amogy
Amogy provides carbon-free energy solutions to decarbonize hard-to-abate sectors like maritime shipping, power generation, and heavy industry. Proven in real-world applications, its patented ammonia cracking technology offers a mature, scalable, and highly efficient method for splitting ammonia into hydrogen and nitrogen. The resulting hydrogen is directed into an integrated fuel cell or hydrogen engine, generating high-performance power with zero carbon emissions.
Amogy is headquartered in Brooklyn, New York, with additional locations including Texas, South Korea, Norway, and Singapore. Amogy is backed by investors including Amazon's Climate Pledge Fund, SK Innovation, Aramco Ventures, Mitsubishi Corporation, Samsung Heavy Industries, BHP Ventures, and AP Ventures. For more information, follow Amogy on LinkedIn, X, Instagram, Threads, Facebook, and YouTube, or visit www.amogy.co.
About GreenHarvest
GreenHarvest has been a key player in Taiwan's renewable energy sector for over a decade. Its operations include renewable power generation and retailing, energy information services, solar operation and maintenance(O&M), and community energy management system. The core mission, "Sustainability", focuses on eco-friendly renewable energy, mainly through rooftop PV systems. We are dedicated to environmental friendliness in every aspect, among society communication, developing, design, construction, O&M during energy transition. It provides RE100 and net-zero total solution by diversified renewable energy, power generation and loading prediction, energy storage system, hydrogen application and virtual power plant(VPP) technology.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 minutes ago
- Yahoo
Coupang Keeps Hitting New Highs. Should You Buy CPNG Stock in July 2025?
Coupang (CPNG) has become a force in global e-commerce, turning South Korea into its testing ground for Amazon (AMZN) style dominance. From its own delivery fleet to streaming services like Coupang Play and food delivery services like Coupang Eats, the company has invested billions to create an ecosystem that keeps users locked in and rivals on edge. Coupang's expansion into Taiwan and the growing popularity of its WOW membership program show that the company isn't slowing down. Its model of free shipping, lightning-fast delivery, and broadening services is pushing it beyond borders. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The market is taking notice. CPNG stock just clocked a new 52-week high of $31.65 on July 21, yet another fresh peak over the past 52 weeks, showing just how strong this rally has been. With momentum this strong, should investors buy in before the stock climbs higher? About Coupang Stock Founded in 2010, Coupang reshaped itself from an eBay (EBAY) style marketplace into a formidable e-commerce retail business engine, operating through its mobile applications and internet websites both domestically in South Korea and abroad. Under the direction of founder Bom Kim, Coupang — often dubbed 'South Korea's Amazon" — has built a deep logistics moat capable of same-day and overnight delivery, which keeps competitors at bay and customers coming back. Now armed with over 23 million active shoppers and a growing footprint in Taiwan, Coupang is still just warming up. With a market capitalization of $55 billion, it's chasing dominance in a $500 billion retail playground, one fast delivery at a time. In 2025, CPNG stock has surged 38% year-to-date (YTD). Technically, the stock has just broken out of a long consolidation phase, pushing its Relative Strength Index (RSI) above 70 — and with its RSI holding above that mark since May, it signals strong bullish momentum. With volume picking up and RSI confirming the rally, Coupang is sprinting. From a valuation angle, CPNG has a premium price tag, trading at 102 times forward earnings and 1.81 times sales. But investors are betting big on Coupang's rapid growth, operational muscle, and global push to back up that price and keep it climbing as a high-upside e-commerce disruptor. Coupang's Stellar Q1 Earnings Results The e-commerce powerhouse unveiled its first-quarter numbers after the bell on May 6, and Wall Street liked what it saw. EPS landed right on target at $0.06, and while revenue came in a touch light at $7.9 billion, the Street shrugged it off. An 11% year-over-year (YOY) sales bump was enough to send the stock surging nearly 11% in the next session, fueled by investor confidence in the company's long game. The core product commerce engine stayed solid, with revenue up 6%, or 16% in constant currency. Active customer count rose 9% annually to 23.4 million, and spend per customer climbed to $321 — proof that Coupang is getting more out of each shopper. The real breakout came from its developing offerings (think Eats and Taiwan), which grew revenue 67% in Q1 or 78% in constant currency. Behind the scenes, supply-chain upgrades, automation, and process innovations helped push gross profit up 20% to $2.3 billion and adjusted EBITDA up 36% to $382 million. Coupang also announced its first large-scale stock buyback, a $1 billion repurchase program. Plus, the company's eyes are locked on Taiwan, where its newly launched WOW membership program is quickly becoming the centerpiece of its international playbook. The company is leaning hard into expansion there, betting that the same formula that worked in Korea — fast delivery, loyalty perks, and customer obsession — can catch fire abroad. For 2025, Coupang is sticking to its guns with a 20% consolidated growth target in constant currency. It is willing to stomach some red ink in the near term, forecasting adjusted EBITDA losses of $650 million to $750 million from its developing offerings. But with long-term margins still projected north of 10%, management is making one thing clear — they are playing offense now to lock in profitability down the line. Analysts tracking Coupang expect an EPS of $0.30 in 2025, up 36% YOY, before rising another 113% annually to $0.64 in 2026. What Do Analysts Expect for Coupang Stock? Wall Street's view on CPNG stock is bullish. The stock has a consensus 'Strong Buy' rating overall. Out of 10 analysts offering recommendations on shares, eight back a 'Strong Buy" rating. Meanwhile, one analyst advises a 'Moderate Buy' rating, and the remaining one plays it safe with a 'Hold' rating. The stock currently trades above the average analyst price target of $30.15. The Street-high target of $36 suggests that CPNG stock could rally as much as 19% from here. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
21 minutes ago
- Business Insider
Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy
Wayzata, United States / Minnesota, July 28th, 2025, Chainwire Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement to Initiate Sui Treasury Strategy Upon the closing of the Private Placement, Mill City will adopt a Sui Treasury Strategy Mill City intends to continue its short-term non-bank lending and specialty finance business Marius Barnett and Stephen Mackintosh, Co-founders of Karatage, will become Chairman of the Board of Directors of the Company and Chief Investment Officer of the Company, respectively, effective upon the closing of the Private Placement Industry-First Relationship with Sui Foundation Provides Institutional-Grade Gateway for Exposure to Only Blockchain Built for Mass Adoption Mill City Ventures III, Ltd. (" Mill City" or the ' Company ') (NASDAQ:MCVT), a non-bank lender and specialty finance company, today announced that it has entered into securities purchase agreements (the ' Securities Purchase Agreements ') for a private investment in public equity for the purchase and sale of 83,025,830 shares of common stock (or common stock equivalents in lieu thereof) at a price of $5.42 per share for expected aggregate gross proceeds of approximately $ 450,000,000, before deducting placement agent fees and other offering expenses (the ' Private Placement ', or the ' Offering '). Karatage Opportunities (' Karatage '), the London-based proprietary hedge fund specializing in digital assets and emerging technology investments, founded by Marius Barnett and Stephen Mackintosh, acted as the lead investor, with an equivalent investment from the Sui Foundation, an independent organization dedicated to the advancement and adoption of the Sui network. As a significant early investor in the Sui ecosystem, Karatage has established itself as a strategic partner to Mysten Labs, the original contributors to Sui, with deep operational experience across the Sui network. The Offering included participation by prominent firms and infrastructure providers Big Brain Holdings, Galaxy Digital Inc (Nasdaq: GLXY) and Dr Jack Kong – NLABS Fund as well as investment from Pantera Capital , M2, Electric Capital, GSR, Selini, Protagonist, ParaFi Capital, Borderless, dao5, Arrington Capital, Comma3 Ventures, FalconX, Paper Ventures and Maven 11 amongst others. Galaxy Asset Management will serve as the Asset Manager. The closing of the Offering is expected to occur on or about July 31, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use approximately 98% of the net proceeds from the Private Placement to acquire the native cryptocurrency of the Sui blockchain commonly referred to as 'SUI', and approximately 2% of the net proceeds from the Private Placement to fund the Company's short-term lending business. SUI will serve as the Company's primary treasury reserve asset. A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the offering. Upon closing of the Offering, the Company intends to appoint two new members to the Company's board of directors (the ' Board '). The new Board members provide the strong and experienced leadership the Company needs as the Company pivots to a SUI treasury strategy: Marius Barnett (Co-Founder of Karatage) will serve as the Chairman of the Board. A veteran operator and investor in digital assets, Mr. Barnett has a track record in building businesses across real estate, infrastructure and energy. Dana Wagner will serve as an independent Board Director. As a current board member at Coinbase Custody Trust Company and former general counsel at Square, Mr. Wagner has served in senior-level legal roles for category-defining firms at the cutting edge of financial technology. Stephen Mackintosh (Co-Founder and General Partner at Karatage) will serve as the Company's Chief Investment Officer. With previous experience in artificial intelligence and deep tech, Mr. Mackintosh brings extensive experience across the Sui ecosystem as he manages the SUI treasury strategy for the Company. 'We're launching at a pivotal moment when both institutional crypto and AI are reaching critical mass — creating significant opportunities across blockchain infrastructure,' said Stephen Mackintosh, the proposed Chief Investment Officer of Mill City and General Partner at Karatage. 'We believe that Sui is well positioned for mass adoption with the speed and efficiency institutions require for crypto at scale, plus the technical architecture capable of supporting AI workloads while maintaining security and decentralization.' 'Sui was built to provide the scalability, speed, and security needed to support the next generation of decentralized applications and real-world crypto use-cases for consumers and institutions alike — from stablecoins to artificial intelligence to gaming and broader finance,' added Christian Thompson, Managing Director at the Sui Foundation. Mill City intends to acquire SUI tokens on the open market, as well as via institutional-grade deal flow typically reserved for crypto funds and a negotiated purchase and sale agreement with Sui Foundation — a treasury strategy now accessible through a publicly traded structure with daily liquidity. As the sole SUI treasury with support from the Sui Foundation, Mill City and the Sui Foundation team will share information about the technology and ecosystem growth, establishing it as one of the only foundation-supported crypto treasury strategies. 'The future belongs to crypto, AI, and stablecoins — and they all need infrastructure that can handle real scale. That's Sui,' said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs. 'We believe that everything has been leading up to the right time to make Sui's founding vision a reality — and in our view, the moment is now.' The Offering is being made in reliance on an exemption from the registration requirement under Section 4(a)(2) of the Securities Act of 1933, as amended (the " Securities Act"), and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the Private Placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Pursuant to the terms of the Securities Purchase Agreement, the Company will file a registration statement with the Securities and Exchange Commission (the ' SEC ') registering the resale of the shares of common stock sold in the Private Placement. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Advisors Sullivan & Worcester LLP is acting as legal advisor to A.G.P./Alliance Global Partners. Loeb & Loeb LLP is acting as legal advisor to Mill City. Akin Gump Strauss Hauer & Feld LLP is acting as legal advisor to Karatage. O'Melveny & Myers LLP is acting as legal advisor to Sui Foundation. About Mill City Ventures III, Ltd. Founded in 2007, Mill City Ventures III, Ltd., is a specialty finance company focused on short-term lending and structured finance solutions. The company provides capital to businesses through secured loan agreements, offering investors attractive returns with a focus on security and risk mitigation. More information about the company can be obtained at or Upon closing of the Private Placement, the Company expects to adopt a SUI treasury strategy. About Karatage Opportunities Karatage is a London-based proprietary hedge fund specializing in emerging technology investments across digital assets, artificial intelligence, and gaming. Founded by Marius Barnett and Stephen Mackintosh, Karatage focuses on identifying and backing high-growth projects building next-generation technology with mass-market appeal. As a significant early investor in the Sui ecosystem, the Karatage team brings deep operational experience across the blockchain ecosystem. For more information about Karatage, please visit Upon the closing of the Private Placement, Marius Barnett and Stephen Mackintosh, Co-founders of Karatage, are expected to become Chairman of the Board and Chief Investment Officer of the Company, respectively. Forward-Looking Statement Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, and these forward-looking statements are subject to various risks and uncertainties. Such statements include, but are not limited to, statements regarding the anticipated closing of the Offering, the anticipated receipt of proceeds from the Offering, the Company's anticipated use of the proceeds from the Offering, opportunities that the Offering will create, Sui's capabilities as a blockchain and the opportunities Sui creates, the belief that the new Board members will provide strong and experienced leadership to the Company, the execution of the Company's treasury strategy, the anticipated filing of a registration statement and the Company's ability to cause it to be effective and maintain its effectiveness, and other statements that are not historical facts, including statements which may be accompanied by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's satisfaction of closing conditions for the offering, fluctuations in the market price of SUI and any associated impairment charges that the Company may incur as a result of a decrease in the market price of SUI below the value at which the Company's SUI are carried on its balance sheet, changes in the accounting treatment relating to the Company's SUI holdings, the Company's ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations, customer acceptance of new products and services including our SUI treasury strategy, the risk that SUI is classified as a security under current or future regulatory frameworks and the risk that the Company is deemed an investment company as a result of its ownership of SUI, the demand for its products and its customers' economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, changes in applicable laws or regulations, and its competitors, general economic conditions and other risk factors detailed in the Company's annual report and other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company does not undertake any responsibility to update the forward-looking statements in this press release. Contact Chief Financial Officer Joseph A. Geraci
Business Wire
22 minutes ago
- Business Wire
Instem Announces Acquisition of RockStep Solutions, Inc.
BOSTON & STAFFORDSHIRE, England--(BUSINESS WIRE)--Instem is excited to announce that as of today it has closed on an acquisition of RockStep Solutions. RockStep is the provider of Climb™, a cloud-based software solution for non-GLP preclinical study management. The acquisition of RockStep enables Instem to now provide an integrated solution of both Provantis ®, Instem's market-leading solution for GLP preclinical study management, and Climb. The combined solution will offer best-in-class GLP study management design with the flexibility to support non-GLP studies and will be the most comprehensive and advanced software for any type of facility engaged in preclinical research. This fusion of products and technologies expands the Instem solution suite to manage breeding, handling, moving, or genotyping animals, subject census management, study design, PK/PD analysis, pathology management, necropsy, study data visualization features, and more. 'At Instem, our mission is to help our customers make discoveries, and to accelerate and advance their research programs. The acquisition of RockStep and integration of Climb into our Provantis platform strengthens this commitment, enabling a fully connected, end-to-end environment that spans from early discovery through non-GLP and GLP study management to regulatory submission. By unifying these workflows under one provider, we help reduce risk, eliminate inefficiencies, and drive greater scientific and operational impact across the preclinical R&D lifecycle.' Vik Krishnan, CEO, Instem. The acquisition of RockStep adds many new large and industry-leading customers in the pharmaceutical and CRO spaces. Instem and RockStep together form the most experienced and talented team dedicated to the management and analysis of preclinical research data. The solution suite is significantly expanded to assemble a complete enterprise system for preclinical study management, tracking all aspects of breeding, census, veterinary procedures, study design and execution, including PK/PD analysis, along with data visualization and analytics. Climb offers a technologically advanced, flexible platform for non-GLP study designs and facilitates vivarium management, including animal health tracking and real-time alerts. This combined solution suite unifies teams and acts as a data hub, allowing scientists and lab staff to collaborate and communicate from anywhere. Large Pharma, Biotech, and CROs need flexibility and the ability to operate across different workstreams, studies, research types, and disease areas, which Instem is now able to offer through the combination of Provantis and Climb. About Instem Instem is a leading supplier of SaaS platforms across Discovery, Study Management, Regulatory Submission and Clinical Trial Analytics. Instem applications are in use by customers worldwide, meeting the rapidly expanding needs of life science and healthcare organizations for data-driven decision making leading to safer, more effective products. Founded in the United Kingdom in 1969, Instem has deep roots internationally across North America, EMEA and APAC. Instem maintains a commercial and technical presence throughout these regions, and we pride ourselves on localized support for our diverse client base. Learn more about Instem here: About RockStep Solutions, Inc. RockStep Solutions was founded in 2013 by Chuck Donnelly, a software engineer with experience working for life sciences companies, and Julie Morrison, a microbiology scientist. Since these early beginnings, RockStep has maintained a strong commitment to innovation, today partnering with Microsoft to integrate advanced technologies in the Azure cloud into our industry-leading Climb™ software. Launched in 2017, Climb has been adopted by a wide range of life sciences innovators – from global pharmaceutical companies and CROs to biotech organizations, government labs, a Nobel Laureate's lab at UCSF, and research labs at The Jackson Laboratory.
