2024-09-22 14:50:00

Amazon (AMZN) Boosts Zero-Carbon Efforts With Infinium Deal

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By Zacks

Amazon AMZN gears up to power its transportation fleet with low-carbon electrofuels on the back of its recent deal with Infinium.

Infinium will supply ultra-low carbon electrofuel, which is fossil-based and made with carbon waste.

Amazon will start powering its delivery-trucking fleet with electrofuels in 2023, beginning from its middle-mile vehicles in Southern California.

The latest move bodes well for Amazons growing efforts to make carbon-free deliveries to customers.

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Amazons Growing Efforts

The above-mentioned move is in sync with the companys goal of reaching net-zero carbon emissions by 2040 and converting its entire delivery fleet to renewable energy by 2030.

Beside the Infinium deal, Amazons purchase of 100,000 electric delivery trucks from Rivian is noteworthy. AMZN recently started rolling out the vehicles. It aims to roll out thousands of these trucks in more than 100 cities in the United States by the end of this year. Amazon targets to roll out 100,000 electric delivery trucks nationwide by 2030.

The e-commerce giant recently inked a deal with Plug Power. Per the terms, the latter will supply green hydrogen, with which the former would power its transportation and building operations by 2025.

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