Demonstrating Google’s commitment to invest in solar thermal energy generation as one of the key emerging industries addressing “the changing global climate,” Google announced that it had made a $10 equity investment by taking a stake in BrightSource Energy’s $115 Venture round through its Google.org arm. The investment is part of Google’s RE<C (Renewable Energy Cheaper Than Coal) initiative . Google has already been working with eSolar Inc. (PDF) which specializes in solar thermal power and Makani Power Inc. (PDF) which is developing high-altitude wind energy extraction technologies aimed at harnessing the world’s most powerful wind resources.
Bright Source designs and builds large scale solar plants that deliver low-cost solar energy in the form of steam and/or electricity, at prices competitive with fossil fuels, to industrial and utility customers worldwide.
Head of Renewable Energy to run their internal R&D effort, which is focused initially on solar thermal power, advanced wind technologies, and enhanced geothermal systems.also looking for a
Google.org is the “do good” arm of Google that is run for long-term profitability and “aspires to use the power of information and technology to address the global challenges of our age: climate change, poverty and emerging disease.” You can visit it’s blog and website .
Given the cash that Google throws off every day, it’s still just dipping its little toe in these waters, but one can’t but applaud the initiative.