Amazon has stepped up its decarbonization efforts and announced new investments in two of its most promising green hydrogen companies – Electric Hydrogen and Sunfire.
In 2019, Amazon co-founded The Climate Pledge fund, pledging to achieve net zero carbon emissions by 2040, the Solar Energy Association of Ukraine reported on Facebook.
More than 300 influential companies have so far endorsed the pledge, including Microsoft, PepsiCo, Siemens, Unilever, Verizon and Visa.
Cara Hurst, head of Amazon's sustainability department, said that in order to curb the climate crisis, it is necessary to constantly develop innovative solutions, whether through the electrification of electric vehicles, investments in a decarbonized electricity network or increased production of green hydrogen.
"We are proud to invest in companies like these that are developing vital technologies to bring clean hydrogen to hard-to-decarbonize industries," she added.
Earlier, EcoPolitic wrote, that the gas company Air Products, USA, will spend at least $4 billion in additional capital to support the clean energy transition, bringing total commitments to $15 billion by 2027.
As EcoPolitic previously reported, the steel manufacturer British Steel launched a large research on the use of green hydrogen in the company's desire to decarbonize its operations and steel production to zero emissions.
