Dealflow | February 3, 2021

Amazon’s Climate Pledge Fund backs Infinium to produce net-zero ‘electrofuels’

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, February 3 — Sacramento-based Infinium makes ‘green hydrogen’ from renewable electricity, combines it with waste carbon dioxide and produces fuel with net-zero carbon emissions. The electrofuels can be used by today’s trucks, planes and ships. Amazon has backed the company alongside AP Ventures, Mitsubishi, the Grantham Environmental Trust and others in a round of undisclosed size.  

Amazon’s climate fund is designed to support the e-commerce giant’s pledge to achieve carbon neutrality by 2040, a decade ahead of the goals announced by most other companies so far (see,Amazon’s $2 billion Climate Pledge Fund ups the ante”).

A global climate strike by Amazon employees in 2019 spurred more ambitious action from Jeff Bezos (who announced Tuesday he will step down as CEO later this year).