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Google says it will invest to support green technologies
Date: 8 Feb 2008
Internet giant Google has said that it will invest hundreds of millions of dollars in alternative energy technology projects that would otherwise have difficulty getting funds.
The company has said that it aims to help promising technologies to achieve scale to help bring down the cost of alternative energy production. The action came about through realisation that the cost of developing real utility-scale generation from sources such as solar power required greater upfront investment than venture capitalists were prepared to put in.
Google has already committed $20m to start-up firms carrying out research on aspects of solar, geothermal and wind power.
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