Thndr Claps » U.S. Claps » Tech 📲 » Amazon going green 🔋
The ClapAmazon (NASDAQ: AMZN) is buying enough carbon-free hydrogen to power many trucks and forklifts from Plug Power (NASDAQ: PLUG), as they push to use less fossil fuel.The DeetsStarting in 2025, Amazon will receive 11,000 tons of green hydrogen annually. Plug Power is looking to become a major supplier of green hydrogen, given the growing need for green energy.Amazon wants to become a net-zero carbon emitter by 2040. This deal acts as a very direct step toward that plan, given that green hydrogen is produced without emitting greenhouse gases.Why this MattersPlug Power’s stock price rose as much as 14.7% following the news. As part of the deal, Amazon also has the right to buy 16 million shares in Plug Power.
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