Amazon has entered an agreement with Electrovaya whereby Amazon receives warrants to buy over 20% of Electrovaya's shares, vesting as Amazon purchases up to US$280 million in batteries over the next decade. The batteries are used in forklifts.
Amazon and Transaera announced a multi-year commercial agreement to integrate Transaera's high-efficiency heat pump technology into Amazon's HVAC design solutions, following a successful field trial. Transaera will dedicate a portion of its U.S.-based manufacturing output to support Amazon's needs.
Plug Power Inc announced that Amazon.com Inc acquired the right to buy up to 23% of the company and that it would supply batteries to power forklifts used by Amazon in its warehouses. Amazon must spend at least $600 million over the life of the contract.