Interview: Matt Peterson on Amazon climate fund investment strategy

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The head of Amazon's $2 billion climate-tech fund shares the 3 kinds of startups he's eyeing to slash the company's massive carbon footprint

"We believe that electric vehicles really make sense for what we're doing [for the] last mile," Peterson said."We have to find what's the equivalent for air travel. What's the equivalent for maritime shipping."

"Hydrogen can solve a lot of the issues that electrification that batteries aren't yet able to," he said."Hydrogen is a very fertile ground for innovation."Amazon is also looking for startups that help curb emissions from buildings. And here's why: The company owns or leases about 475 million square feet of office space, fulfillment centers, and other sites, according to public filings. That's about three-fourths of the size of Manhattan.

So far, Amazon has funded Turntide Technologies, which makes efficient electric motors that can lower the energy consumption of HVAC systems, and CarbonCure. CarbonCure develops a concrete that generates fewer carbon dioxide emissions.

 

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