Amazon has invested in India-headquartered battery management software and electronics specialist ION Energy through its US$2 billion fund to support companies with promising sustainability technologies. ION Energy co-founder and CEO Akhil Aryan emailed Energy-Storage.news yesterday to announce that the internet retail giant’s Climate Pledge Fund was among participants in a pre-Series A funding round worth […]
Amazon Says Its Carbon Footprint Grew 19% Last Year
The Seattle-based company said that, while its carbon footprint grew, the amount of carbon it emitted for every dollar spent on the site fell 16% in 2020. The logo of Amazon is seen at the company logistics centre. NEW YORK : Amazon said Wednesday that its carbon footprint grew 19% last year as it rushed […]
Amazon Launches Rooftop Solar Power Plant
The 5,565-panel rooftop will generate on-site solar energy to power 60% of DXB3’s energy demands Amazon has inaugurated its first solar rooftop in the UAE, the first step on its sustainability roadmap across the Middle East and North Africa (MENA) region, as part of its global commitment to sustainability. The plant Amazon’s first on-site renewable […]
Amazon Scooping Up Solar And Wind Energy Projects Around the World
Amazon is buying up energy production capacity from solar and wind plants around the world in a bid to power all its business activities through renewable energy by 2025. The Seattle-based e-tailing giant headed by Jeff Bezos said Wednesday it committed to buy 1.5 gigawatts of production capacity — enough to power 500,000 homes — […]
Amazon-Backed Electric-Vehicle Firm Rivian Could Seek $70 Billion Valuation in IPO: Report
Rivian had a valuation of $27.6 billion, after a $2.65-billion investment round led by T. Rowe Price. Electric-truck startup Rivian could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg reported on Friday. Amazon and Ford-backed Rivian had a valuation of $27.6 billion, Reuters reported in January, after […]
Amazon Com : Seeks Renewable Power for Japan Data Centres – Nikkei
TOKYO : Amazon.com Inc is in talks with Japanese power utilities and trading houses to build a renewable power plant in Japan to procure clean energy for its local data centres, the Nikkei reported late on Thursday. The U.S. online retail and tech giant is seeking ways to procure electricity over the long term from […]
Amazon Com : Announces Issuance of $1B Sustainability Bond
Amazon is issuing a sustainability bond to fund ongoing and new sustainability projects that advance people and the planet. Amazon has announced the issuance of a $1 billion sustainability focused bond. The proceeds will be used to fund projects in five areas, building on significant investments Amazon has made over the years: Renewable Energy, Clean […]
Amazon will be rolling out its first renewable energy project in Singapore
Amazon revealed its plan of securing its first renewable energy project in Singapore from Sunseap Group. The company decided to explore this technology to motivate the other utilities to also focus on this path. Amazon will generate 62 megawatts of clean energy from this project when Sunseap finalizes its JTC’s SolarLand project. The project’s completion […]
Amazon Ventures Into Singapore’s Renewable Energy Space; Contracts Sunseap To Build 62 MW Ground Mounted Redeployable Solar Systems
E-commerce behemoth Amazon has forayed into the renewable energy space of Singapore, supporting the development of 62 MW ground mounted solar project capacity, soon after it earned the tag of becoming the world’s ‘largest’ corporate procurer of renewable energy (see Amazon Invests In 3.4 GW Renewable Energy Capacity). Royal Dutch Shell backed Sinagporean solar power […]
Amazon is the biggest corporate buyer of renewable energy
Tech companies are leading the charge to power their operations with renewable energy. By the end of 2020, Amazon had moved to the front of the pack, surpassing Google for the first time. More companies are signing on to science-based decarbonization targets, in which one key aim is to use only fossil-fuel-free electricity. But when […]