Amazon’s $2bn Climate Pledge Fund has invested in two green hydrogen technology companies, Sunfire in Germany and Electric Hydrogen, in the US.
Both companies make electrolysers, equipment that uses electrical current to split water into its elemental components of hydrogen and oxygen.
Sunfire CEO Nils Aldag said: “We are proud to welcome Amazon as our investor and look forward to working with a company that has such ambitious climate targets.
“Green hydrogen is urgently needed to decarbonise and to secure energy supply without fossil fuels.
“Since 2010, Sunfire has been leading the way in this field. With a unique electrolyser portfolio and a team of 400 specialists, Sunfire today is one of the few companies capable of providing hydrogen-producing systems on an industrial scale.
“With Amazon’s help, we want to further scale up our production capacity.”
Kara Hurst, vice president of Amazon Worldwide Sustainability, said: “We are proud to be investing in visionary companies like Electric Hydrogen and Sunfire that are developing vital technology for the deployment of green hydrogen to help decarbonize hard-to-abate sectors.”