Andrew Freedman of Axios reports on Amazon’s investments in two new climate tech firms.
- The Amazon Climate Fund has invested Series A funding into two climate-related startups.
- Amogy, which received close to $20 million from the Climate Fund, is a Brooklyn-based startup that is looking to decarbonize maritime shipping with liquid ammonia and hydrogen.
- The second climate tech firm that recently received funding is Hippo Harvest, a California-based agriculture company that is slashing emissions and food waste from farming.
- Entrepreneurs and innovators are creating technologies that are needed to reduce emissions.
“[Amogy] co-founder and CEO Seonghoon Woo told Axios its mission is to use energy-dense liquid ammonia for producing zero-emissions vessels, as marine shipping is one of the hardest sectors to convert from fossil fuels.”
Read the full article here.