TotalEnergies, Amazon form partnership on electricity supply and online strategy
- Wall Street swoons on rising Treasury yields, growing inflation worries
- Micron (MU) Stock Falls Following Q4 Beat, But Guidance Miss
- Sherwin-Williams (SHW) Stock Falls on Q3, FY20 Warning
- Brent dips after topping $80 a barrel, highest since Oct 2018
- Ford (F) Stock Soars on $11.4 Billion EV Partnership with Battery Maker SK Innovation (SKOVF)
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
PARIS (Reuters) - TotalEnergies and Internet giant Amazon announced a collaboration, whereby French energy company would supply renewable electricity to the U.S. online retail giant, while Amazon would help TotalEnergies' digital strategy.
The companies said on Thursday that TotalEnergies and Amazon had signed power purchase agreements for a commitment of 474 megawatts (MW) of renewable capacity in the United States and Europe, and expected to expand their cooperation in the Middle East and Asia Pacific.
Amazon would also help TotalEnergies in areas such as moving more material to cloud computing services.
(Reporting by Sudip Kar-Gupta; Editing by Edmund Blair)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Asian shares stumble as U.S. yields, dollar hold firm
- Chilean bill to allow for fourth pension withdrawal advances in Congress
- Investors with $4 trln assets aim to tackle Asian firms on climate change goals
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!