E-commerce conglomerate Amazon announced new investments in green hydrogen companies through its $2 billion Climate Pledge Fund in its efforts to decarbonize global operations.
The latest investments are in the U.S.-based Electric Hydrogen and Europe-based Sunfire, both developers of electrolyzers, which is a key technology in making green hydrogen.
Amazon’s $2 billion Climate Pledge Fund targets investing in visionary companies across industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture.
The industries worldwide produce 95% of hydrogen currently from fossil fuels, primarily natural gas. While electrification and battery solutions are potential paths to decarbonization, producing hydrogen with renewable power is considered a more sustainable tool for…
Amazon Invests in Green Hydrogen Companies in the US And Europe
