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Amazon invests in green startups to support development of sustainable technologies

Recipients are creating decarbonising technologies that will help Amazon and other companies reach net zero carbon by 2040.
on 18 September 2020
At Amazon, we are continually looking for ways to make our business more sustainable as we work to meet The Climate Pledge, a commitment we co-founded with Global Optimism to reach net zero carbon by 2040—ten years ahead of the Paris Agreement.

In support of The Climate Pledge, in June 2020, we launched the Climate Pledge Fund, a $2 billion investment program to support the development of sustainable and decarbonising technologies and services that will enable Amazon and other companies to meet the goals set by The Climate Pledge. Our dedicated fund is investing in visionary companies across multiple industries, including transportation and logistics, energy generation, storage and utilisation, manufacturing and materials, circular economy, and food and agriculture, whose products and solutions will facilitate the transition to a low-carbon economy.

"The Climate Pledge Fund invests in visionary companies whose products and services can empower a low carbon economy," said Jeff Bezos, Amazon Founder and CEO. "Today, I am excited to announce that we are investing in a group of companies that are channeling their entrepreneurial energy into helping Amazon and other companies reach net zero by 2040 and keep the planet safer for future generations."

“The Climate Pledge Fund is another important example of how the collaborative effort of The Climate Pledge can accelerate the transition to a net zero world. These investments will scale new technologies, helping these organisations speed up the pace at which operational emissions can be reduced,” said Christiana Figueres, the UN’s former climate change chief and founding partner of Global Optimism. “This is how a whole-economy approach to tackling the climate crisis looks. Together these companies demonstrate that there are endless possibilities in the clean, healthy recovery we must create together.”

Amazon will be investing in CarbonCure Technologies, Pachama, Redwood Materials, Rivian, and Turntide Technologies. These five companies will help us meet the goals of The Climate Pledge, as well as other companies, as we all work together to protect the planet.
  1. CarbonCure Technologies

    CarbonCure Technologies has commercialised a portfolio of carbon removal technologies that consume carbon dioxide (CO2) in concrete during production, permanently sequestering CO2 and enabling the reduction of cement content in mixes without impacting concrete performance. Amazon is working to lower the embodied carbon footprint of its buildings by using CarbonCure concrete in many of its new buildings, including HQ2 in Virginia.
  2. Pachama

    Pachama is a climate technology company that is democratising access to nature-based carbon markets. Pachama's technology verifies the impact of carbon capture in the world's forests, allowing organizations and individuals to compensate their emissions with confidence by supporting reforestation and forest conservation projects. Pachama will help Amazon monitor and evaluate nature-based solutions, including investments made by the Right Now Climate Fund.
  3. Redwood Materials

    Developing and commercializing a full process and suite of technologies for recycling end-of-life Lithium-ion batteries and e-waste into high value metals and chemicals. With Amazon’s firm commitment to electric delivery and electrification infrastructure, Redwood Materials will help Amazon properly recycle Electric Vehicle (EV) batteries and reuse their components. Redwood Materials can also help recycle the lithium batteries and e-waste from other parts of Amazon’s businesses.
  4. Rivian

    As part of The Climate Pledge announcement in 2019, Amazon revealed it had purchased 100,000 EVs from Rivian, with plans to have 10,000 of the new electric vehicles on the road as early as 2022 and all 100,000 vehicles on the road by 2030. The Climate Pledge Fund participated in Rivian’s latest investment round in July, and with proceeds from that investment, Rivian is further developing and integrating its connected electric platform with Amazon’s last mile delivery network.
  5. Turntide Technologies

    Turntide Technologies’ motors reduce energy use by 64% on average by optimising efficiency and control without using expensive materials or rare earth minerals. Amazon is piloting Turntide’s motors in a number of its buildings and the results so far have demonstrated significantly reduced electricity usage.
Amazon continues to accept applications for The Climate Pledge Fund. To learn more about the Climate Pledge Fund, please visit: https://sustainability.aboutamazon.com/about/climate-pledge-fund.
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