Editing Amazon.com, Inc. (section)

== On-going and future Amazon projects ==

=== Renewable energy ===
In September 2022, Amazon publicly committed to addressing global warming, announcing an ambitious renewable energy initiative.<ref><nowiki>https://sustainabilitymag.com/renewable-energy/amazon-announces-71-new-projects-for-renewable-energy</nowiki></ref> The company disclosed plans for 379 new renewable energy projects worldwide, which involve the construction of solar and wind facilities. The goal of these projects is to power approximately 4.6 million homes with renewable energy while transitioning all Amazon business units to 100% renewable energy dependence. 

Poland and France were selected for the inaugural projects. In October 2022, Spanish renewable investment platform Q-Energy completed the financing for a solar farm in Poland dedicated to generating electricity for Amazon. That same year, Apollo Power, an Israeli flexible solar module manufacturer, announced a contract with Amazon for its product to be used at a facility in France.

In 2019, Amazon underscored its dedication to a net-zero carbon world by co-founding The Climate Pledge. The company aims to achieve net-zero carbon status by 2040, a full decade ahead of the Paris Agreement. As of now, The Climate Pledge has accrued more than 375 signatories, including prominent corporations like IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and Visa.

In addition to this, Amazon has initiated a partnership with electric vehicle company Rivian, placing an order for over 100,000 electric vehicles for carbon-free delivery, scheduled to be operational by 2030. Notably, 3,000 of these vehicles are already in service.

[[File:Car1.png]]

[[File:Car2.png]]

=== Project Kuiper and satellite network ===
Amazon's Project Kuiper is a recent venture aiming to address the challenge of costly and complex traditional antenna systems, a difficulty often faced in various regions of the world where access to broadband and mobile networks is limited.<ref><nowiki>https://www.aboutamazon.com/news/innovation-at-amazon/what-is-amazon-project-kuiper</nowiki></ref>

The project involves the deployment of a satellite network intended to provide broadband and internet connectivity to these underserved areas. The function of this system is predicated upon households purchasing a "customer terminal," which serves as a connection point to the satellite network.

The customer terminal, as compared to conventional antennas, is lighter, less expensive, and simpler to install, as per the information provided. Once purchased and set up, this terminal enables households to connect to the overhead satellite network, thereby facilitating internet access.

The following table provides a comparative analysis of three distinct customer terminals.
{| class="wikitable"
!Customer terminal type:
!Cost of installation:
!Speed of terminal
!Size 
!Weight 
|-
|Medium sized terminal aimed at residential and small buiness customers
|$400
|400 megabits per second (Mbps)
|Less than 11 inches square and 1 inch thick
|Less than 5 pounds
|-
|Ultra compact terminal aimed for a personal use. Light and transportable
|NA
|100 megabits per second (Mbps)
|7 square inches
|1 pound
|-
|A high-bandwidth design for the most demanding needs
|NA but aimed at governments, telecoms and enterprises
|1 gigabit per second (Gbps)
|19 inches by 30 inches
|NA
|}
[[File:11.png]]

Terminals for residential and small business customers

[[File:333.png]]

Ultra compact terminal

[[File:Image12.png]]

A high-bandwidth design for the most demanding needs

[[File:Image3333.png]]
=== Amazon industrial innovation fund<ref><nowiki>https://www.aboutamazon.com/news/innovation-at-amazon/introducing-the-1-billion-amazon-industrial-innovation-fund</nowiki></ref> ===
In April 2022, Amazon announced the creation of a USD 1 billion platform, dubbed the "Amazon Industrial Innovation Fund". This venture capital-style fund is designed with a focus on bettering the company's operations, enhancing logistics, improving delivery speeds, and advancing the experience for warehouse and logistics employees.

The aim of the fund is to invest in non-Amazon owned companies that can contribute significantly to improvements in delivery speed and employee experience within the logistics and warehousing industries.

The initial round of investments is targeted towards technology and safety wear ventures, with further details provided below:
{| class="wikitable"
!Investee
!Main offerings
!Website 
|-
|Modjoul
|Wearable safety technology, personalised ads and safety signals
|<nowiki>https://modjoul.com</nowiki>
|-
|Vimaan
|Computer vision and artificial intelligence solutions to improve inventory management
|<nowiki>https://vimaan.ai</nowiki>
|-
|Agility Robotics
|Bi-pedal walking robot
|<nowiki>https://agilityrobotics.com</nowiki>
|-
|BionicHIVE
|Autonomous robotic solution facilitating with shelving racks and boxes in warehouses 
|<nowiki>https://www.bionichive.com</nowiki>
|-
|Mantis Robotics
|Tactile robotic arm that uses sensor technology to cohesively work alongside people
|<nowiki>https://www.mantis-robotics.com</nowiki>
|}

=== Amazon lending ===
Amazon, which began its lending operations in 2016, is considering a partnership with Goldman Sachs to expand this facet of its business. As of December 2022, Amazon had over USD 863 million in outstanding loans, with interest rates levied between 6% and 17% on the remaining balance.  

This potential collaboration is enabled by the "Open Banking" regulation, a set of rules implemented by the European Union in 2019. The regulation permits financial institutions to share critical financial information, such as credit histories, with technology companies.

Amazon, despite having abundant customer data, does not possess direct access to clients' credit histories. This information is crucial in assessing credit risk and lending viability. A partnership with Goldman Sachs would fill this gap by providing Amazon access to this important data, potentially enhancing its lending operations.

It's important to note that previous instances have shown e-commerce platforms collaborating with financial service providers to offer capital to SMEs. However, the actual impact of this proposed venture on small and medium-sized businesses would depend on various factors including competition and market conditions, and thus cannot be precisely predicted at this point.