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Amazon creates $2 billion venture fund to speed up carbon-free future - Business Insider

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Amazon says it's creating a $2 billion green energy fund to invest in companies working to build a carbon-free future

REUTERS/Gary Cameron

The project "will invest in visionary companies whose product and service solutions will facilitate the transition to a low carbon economy," Amazon said, without providing a timeline for the first deals. Amazon has invested in nearly 100 clean energy products so far, from solar-roofs on its massive warehouse facilities to Rivian's electric delivery vehicles. The renewable power generation investments will eventually deliver enough electricity to power the equivalent of 680,000 U.S. homes, helping to completely offset the massive amounts of emissions from Amazon's deliveries on trucks and planes around the world, as well as energy-sucking data centers that power its web services, by 2025.

 

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