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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An inside look at Stanford's mental health innovation course - Business InsiderAn inside look at Stanford's one-of-a-kind course on mental health innovation, where students mingle with industry experts and develop business plans aimed at revolutionizing the healthcare industry (by AnikaNayak)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why oat milk and oat cheese could be the future of dairy-free prod - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US banks seek guidance on PPP loan forgiveness - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »