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Amazon funds two climate tech firms as third gains ground

Andrew Freedman of Axios reports on Amazon’s investments in two new climate tech firms.

>>>Read More on Clean Tech Funding Here<<<

The C3 Take
  • 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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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