Tag: amazon

Amazon Announces 71 New Renewable Energy Projects Globally, Including Firsts in Brazil, India, and Poland

Stuart Mitchell

Amazon announced that it is expanding its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects. This includes the company’s first renewable energy project in South America—a solar farm in Brazil—and its first solar farms in India and Poland. Once fully operational, Amazon’s global renewable energy portfolio will generate 50,000 gigawatt hours (GWh) of clean energy, which is the equivalent amount of electricity needed to power 4.6 million U.S. homes each year. “We are bringing new wind and solar…

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Amazon to Invest $150 Million in Funds That Provide Underrepresented Entrepreneurs with Access to Capital

Stuart Mitchell

Amazon announces Amazon Catalytic Capital, a new initiative to invest $150 million in venture capital (VC) funds, accelerators, incubators, and venture studios that provide funding to entrepreneurs from underrepresented backgrounds, primarily at the pre-seed/seed stage of venture capital funding. The company will invest in funds that focus on Black, Latino, Indigenous, women, and LGBTQIA+ founders. Amazon expects to support more than 10 funds and over 200 companies through the next year. “We’ve seen incredibly innovative ideas from underrepresented entrepreneurs—from companies offering inclusive health services for women, to startups helping companies…

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Amazon Adopts Green Hydrogen to Help Decarbonize its Operations

Stuart Mitchell

Amazon have announced that the company has signed an agreement with Plug Power to supply 10,950 tons per year of green hydrogen for its transportation and building operations starting in 2025. The company will start to use green hydrogen to replace grey hydrogen, diesel, and other fossil fuels as it works to decarbonize its operations, and this green hydrogen supply contract will provide enough annual power for 30,000 forklifts or 800 heavy-duty trucks used in long-haul transportation. “Amazon is proud to be an early adopter of green hydrogen given its…

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Amazon Launchpad’s annual Innovation Awards recognizes UK small business Petit Pli as 2022 European Startup of the Year

Stuart Mitchell

Amazon Launchpad, has announced the annual Innovation Awards recognising UK-based small business, Petit Pli, creator of clothes that grow with your child, as the 2022 European Startup of the Year. To celebrate the Innovation Awards, Amazon Launchpad will run an “Amazon Launchpad Innovation Week” from 12th to 19th September. The event will feature a curated collection packed with forward-thinking products designed by the UK-based winner and other European finalists available to shop at amazon.co.uk/launchpad/innovationweek. Petit Pli, which uses recycled water bottles to make their range of clothes that grow up…

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Amazon’s Custom Electric Delivery Vehicles from Rivian Start Rolling Out Across the U.S.

Stuart Mitchell

Starting in July, customers across the U.S. will begin to see custom electric delivery vehicles from Rivian delivering their Amazon packages, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities. This rollout is just the beginning of what is expected to be thousands of Amazon’s custom electric delivery vehicles in more than 100 cities by the end of this year—and 100,000 across the U.S. by 2030. The vehicles are designed from the ground-up with safety,…

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