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GOOGLE MOVES INTO RENEWABLE ENERGY BUSINESS

PLANS TO POUR HUNDREDS OF MILLIONS OF DOLLARS INTO A QUEST TO LOWER THE COST OF PRODUCING ELECTRICITY FROM RENEWABLE ENERGY SOURCES SUCH AS WIND AND THE SUN.

windturbin1.jpgIf Google realizes its goal, the cost of solar power should fall by 25 to 50 percent, co-founder Larry Page said in an interview.

The Mountain View-based company initially hopes to harvest cleaner-burning electricity to meet its own needs and sell power to other users or license the technology that emerges from its initiative, dubbed “Renewable Energy Cheaper Than Coal.”

“If we achieve these goals, we are going to be in the (electricity) business in a very big way,” Page said. “We should be able to make a lot of money from this.”

More…

Source: The Associated Press

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One Response to “GOOGLE MOVES INTO RENEWABLE ENERGY BUSINESS”

  1. karlisle » GOOGLE MOVES INTO RENEWABLE ENERGY BUSINESS Says:

    [...] Check it out! While looking through the blogosphere we stumbled on an interesting post today.Here’s a quick excerptThe Mountain View-based company initially hopes to harvest cleaner-burning electricity to meet its own needs and sell power to other users or license the technology that emerges from its initiative, dubbed “Renewable Energy Cheaper Than … [...]

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