Climate Pledge Fund

It’s been an absolute privilege to work on this deal, and it’s truly a highlight of my career! Thank you to Daniel Gross and Matt Peterson for your incredible leadership and for taking me on this exciting journey. During my very first conversation with this team, we instantly connected over our shared vision of how Amazon is uniquely positioned to make a real impact. Two years later, seeing that vision come to life has been more rewarding than I could have ever imagined. A special shoutout to the fantastic X-Energy team, especially J. Clay Sell, Benjamin Reinke and Sam Levenback– it’s been such a pleasure collaborating with all of you. This deal wouldn't be possible without the contributions of Varun Kamat, Sam LaPierre, and many others. Looking forward to continuing to make an impact with Climate Pledge Fund and Amazon! 🚀✨🌎

Congratulations to our Portfolio Company, Verne 🎉 Yesterday, Verne unveiled the world-first cryo-compressed hydrogen heavy duty truck! “Demonstrating the first Class 8 truck powered by cryo-compressed hydrogen will be a major milestone for the hydrogen industry and a big step towards decarbonizing trucking at scale,” Ted McKlveen, Verne Co-founder & CEO. Read more: https://lnkd.in/g73iDfsi

Congratulations to our Portfolio Company, Amogy for reaching a major milestone this week 🎉 On the Hudson River in New York, Amogy successfully sailed the world’s first carbon-free, ammonia-powered maritime vessel, the NH3 Kraken. The tugboat used to run on diesel fuel. Amogy bought the 67-year-old ship to switch it to cleanly-made ammonia, a new, carbon-free fuel.

We're excited to announce our latest investment and addition to our portfolio, Subeca, an innovative IoT startup that provides low cost and easy to use water technology. “Subeca offers a simple and secure service that helps Amazon, AWS, and our utility partners gather timely and reliable data to manage water use without relying on traditional cellular or building network infrastructure. We’re excited to work with Subeca as we continue to improve the efficiency of water use in the communities where we operate as well as across our own operations, helping AWS make progress to meeting water positive by 2030,” said Beau S., Senior Manager for Water in the Americas, AWS.

Verne is thrilled to announce a strategic fundraise led by Trucks Venture Capital, with participation from existing investors Collaborative Fund and Amazon Climate Pledge Fund, and new investors United Airlines Ventures Sustainable Flight Fund and Newlab. Heavy-duty transportation is responsible for 12% of U.S. greenhouse gas emissions. Verne’s high-density hydrogen storage technology provides the required range and payload to decarbonize heavy-duty vehicles including trucks and planes. “Verne is motivated to provide zero-emission solutions that don’t require these critical industries to make costly performance trade-offs. Bringing on new strategic investors, and strengthening our partnership with existing investors, will help us accelerate our path to market and decarbonize this critical industry,” said Ted McKlveen, Co-founder & CEO of Verne. Read more: https://lnkd.in/gSKTNa8d Full press release: https://lnkd.in/gDg5Gur8

We're excited to announce our latest investment and addition to our portfolio, Windfall Bio, a methane-to-value company. Windfall Bio’s nature-based solution harnesses methane-eating microbes to capture and transform methane from any source into valuable outputs, like organic fertilizer. Methane contributes to 30 percent of the planet’s warming, and capturing these emissions is a unique opportunity to reduce global emissions quickly and significantly, especially as market demand and regulatory pressures mount. “Windfall Bio’s approach to methane mitigation creates an exciting greenhouse gas emissions reduction opportunity for agricultural customers and other industries. We look forward to piloting Windfall Bio with our Whole Foods Market and Amazon Fresh suppliers, and delivering results together in the coming years.” - Nick Ellis, Climate Pledge Fund Portfolio Success.

Congratulations to our portfolio company Electra, on reaching this milestone to make emissions-free iron without melting ore on commercial-sized prototypes! 🎉👏🏻

Congratulations to our portfolio company, Brimstone on being selected to receive a $189 million investment from the U.S. Department of Energy (DOE)'s Industrial Demonstration Program. They were one of 33 companies selected to be part of the largest industrial decarbonization efforts in U.S. history 🎉👏🏻

SUPERCOOL day with Kyle Clark and the BETA TECHNOLOGIES Team. These folks are changing the face of the industry, and having fun while doing it! Also great to catch up with some old friends, Blake Opsahl and Ryan Barta, who continue to crush it! Can’t wait to see what .Team Beta does next! Philippe K. Mylène Scholnick Erika Smith Thomas Selby

We're excited to announce our latest investment and addition to our portfolio, Glacier, an AI and robotics company helping the recycling industry work toward a world without waste. Co-founded and led by Rebecca Hu and Areeb Malik, Glacier uses AI-powered robots to automate the sorting of recyclables and collect real-time data on recycling streams for recycling companies and consumer brands. Glacier is helping #Amazon deliver results today through a pilot project that sorts novel bio materials, which would enable recycling for materials that currently can’t be reused. We're excited to continue working with you and your talented team to #endwaste 👏🏻