Monday, July 15, 2013

Google Energy

A bit of good news from a corporate behemoth. Using their megabucks to make a commitment to healing the planet, Google has sunk over $1 billion into renewable energy. Analysts say Google is "the only company other than energy businesses and financial institutions that has taken large ownership stakes in major stand-alone power projects."
The Internet search giant's efforts to transform the world's use of power and fossil fuels have included a $200 million investment in a Texas wind farm and the purchase of a company that makes innovative flying wind turbines. It has invested $168 million in a solar project in California and is funding the development of an offshore grid to support wind turbines off the Atlantic coast.

In total, it has an ownership stake in more than 2 gigawatts of power generation capacity, the equivalent of Hoover Dam, said Rick Needham, Google's director of energy and sustainability.

Google even has a subsidiary, Google Energy, that's authorized by the Federal Energy Regulatory Commission to sell wholesale electricity that it generates from its power assets.
Nice to see a corporation as big as Google making an investment in future technology instead of deliberately fomenting climate disruption in order to bleed every last cent in short term profits.

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