Amazon-backed firm to help power its trucking fleet with electrofuels
Reuters
Published Sep 20, 2022 07:55AM ET
(Reuters) - Amazon (NASDAQ:AMZN).com-backed Infinium said on Tuesday it will supply low-carbon electrofuels for the e-commerce giant's trucking fleet starting next year.
Infinium's supply of electrofuels — a fossil-based fuel alternative created with carbon waste and renewable power — will reduce Amazon's carbon emissions for roughly 5 million miles of travel per year, it said.
The tech giant said it plans to initially use the electrofuels in trucks in its middle-mile fleet in Southern California.
The agreement comes after Amazon last month signed a deal with Plug Power (NASDAQ:PLUG) Inc for 10,950 tons of green hydrogen every year starting 2025, to help it replace grey hydrogen, diesel, and other fossil fuels.
Amazon invested in Infinium, a renewable electrofuels solution provider, in 2021. It was a part of Amazon's Climate Pledge Fund — a $2 billion investment program launched in 2020 to invest in companies to help reduce the impact of climate change and support sustainable development.
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Written By: Reuters
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