Google Likes Renewable Energy

Recently Google announced RE less than C — an initiative to make renewable energy less expensive than coal. The initiative will focus on solar thermal power, wind power, geothermal systems and other potential breakthrough technologies. There initial target is to make 1 gigawatt of renewable energy capacity at or below the cost of coal-generated electricity.

Google is planning to issue grants around $10 million each for research and design dealing with renewable technologies. Overall, the company expects to spend hundreds of millions on investments.

Google has already identified some target investments: eSolar (solar thermal power) and Makani Power Inc (high-altitude wind).


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