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Stock impact report

Amazon-backed firm to help power its trucking fleet with electrofuels [Financial Post (Toronto, Ontario, Canada)]

Plug Power, Inc. (PLUG) 
Last plug power, inc. earnings: 3/5 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.plugpower.com/home/default.aspx
Company Research Source: Financial Post
Advertisement 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 https://www.reuters.com/business/sustainable-business/amazon-signs-hydrogen-supply-deal-with-plug-power-2022-08-25/ with Plug Power 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. (Reporting by Chavi Mehta in Bengaluru; Show less Read more
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