Amazon invests in green hydrogen companies

Amazon invierte en empresas de hidrógeno

The Climate Pledge Fund’s latest investments in green hydrogen will help reduce global carbon emissions from heavy-duty transport and industries such as steel production.

Amazon’s $2 billion Climate Pledge Fund, known for its early investments in companies like Rivian and BETA Technologies, is now accelerating efforts to decarbonize global operations through green hydrogen.

The Climate Pledge Fund has announced new investments in Electric Hydrogen and Sunfire, two of the most promising U.S. and European-based developers of electrolyzers, a key technology that makes emissions-free green hydrogen using water and renewable electricity

“In order to curb the climate crisis, we need to continually develop innovative solutions that can scale, whether it’s through the electrification of electric vehicles, investments in nature-based solutions, a decarbonized electric grid, or increased production of green hydrogen,” said Kara Hurst, vice president of Worldwide Sustainability.

Electrification and battery solutions alone cannot close the emissions gap to net-zero carbon. Hydrogen, when produced with renewable electricity, is a promising pathway for decarbonizing industries not as amenable to electrification, like aviation, steel production, heavy-duty trucking, and cargo shipping. However, not all hydrogen is created equal. Over 95% of hydrogen today is made from fossil fuels—mostly natural gas. Green hydrogen can be the missing piece to help decarbonize heavy industries and play a significant role in curbing the climate crisis.

The Climate Pledge Fund is investing in visionary companies across industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture.

En total, Amazon ha invertido ya en 18 compañías , entre ellas, RAmazon has now invested in 18 companies, including Rivian, Redwood Materials, Turntide, CarbonCure, Pachama, Infinium, ZeroAvia, BETA Technologies, ION Energy, CMC, Resilient Power, Hippo Harvest, Amogy, Ambient Photonics, Brimstone, Verne, and now Electric Hydrogen and Sunfire. These companies are advancing technologies and business solutions that can help Amazon and others reach net-zero carbon by 2040.

Amazon co-founded The Climate Pledge in 2019, committing to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. The Pledge now has more than 300 signatories, including Best Buy, IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and Visa.

To reach its goal, Amazon is taking real business actions and establishing a path to power its operations with 100% renewable energy by 2025, five years ahead of the company’s original target of 2030. Amazon is also delivering on its Shipment Zero vision to make all Amazon shipments net-zero carbon, with 50% net-zero carbon by 2030, and purchasing 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles.