Google plans to develop renewable energy sources

By
Services for Real Estate Pros with Zillow

Having already conquered the Internet, Google announced plans to develop renewable energy. Google is a huge consumer of electric power, so they're highly motivated to find cost-effective and environmentally-friendly sources of energy.

Larry Page (co-founder) writes:

"Our goal is to build 1 gigawatt of renewable energy capacity that is cheaper than coal. We are optimistic that this can be done within years, not decades. If we succeed, it would likely provide a path to replacing a substantial portion of the world’s electricity needs with renewable energy sources."

Here's The New York Times' take on it:

For some Wall Street analysts, the most relevant question is not whether Google can save the world, but whether the company’s idealism may ultimately distract it from its core businesses of organizing the world’s information and selling online ads.

“My first reaction when I read about this was, ‘Is this a joke?’” said Jordan Rohan of RBC Capital Markets. “I’ve written off Google’s competition as a threat to Google’s long-term market share gains. But I haven’t written off Google’s own ability to stretch too far and try to do too much. Ultimately, that is the biggest risk in the Google story.”

Robert Peck of Bear Stearns agreed that “the headlines were a little scary at first” and said investors were initially worried that this was another example of Google “trying to bite off more than they can chew.”

Not exactly core to their mission of making all the world's information accessible, nor core to their business plan of making money through advertising. As a Google shareholder, I must admit that I'm a bit surprised by this announcement. But they've earned quite a bit of leeway given the stratospheric rise of their stock, so I'll keep a "wait and see" attitude on this one.

 

Update: Silicon Alley Insider, one of my favorite blogs, has this take on the news. 

Posted by

 

Like what you're reading?  Then subscribe to my blog to receive updates.  

Follow Me on Twitter   My Outside Blog   Watch my Crazy Movies on YouTube 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
google
energy
green

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
11,519
Drew Meyers
Geek Estate - Seattle, WA
Drew Meyers

haha - I love the article on Silicon Valley Insider.

Though I love the fact that an innovative company such as google is tackling this massive issue, I think it's a stupid business decision too

Nov 29, 2007 03:37 AM #1
Anonymous
Haim Lieberman

       SYSCON  ENGINEERING

 

6/9  KAM AVE.  POB 1241  RAMAT-GAN  ISRAEL 52112

          TEL : 972-3-6779910.  FAX : 972-3-6770545   liberm@bezeqint.net                                                                                                                                                                                                                                                                                   

  A  BUSINESS  PROPOSAL

==============================================             

A sea-waves powered "DESALINATION"

and / or "ELECTRICAL" power generation -

                  ===   "S W E D"   ===

        No Electricity is Required  !!!

=================================================

System / process cuts operational costs by  50%.

====================================================================== 

  

=======================================================

Annual Water production 5-50M Cubic meters       

And Electrical Power Of   2,5 - 25MW

Annual Electricity production 20-200MkWh

=======================================================

 

  Designed / Developed and  Ready for serial production.

          Searching for strategic Investor / Partner 

                  Ask  For     More    Details       

  

Mar 17, 2011 11:19 PM #2
Anonymous
Haim Lieberman

       SYSCON  ENGINEERING

 

6/9  KAM AVE.  POB 1241  RAMAT-GAN  ISRAEL 52112

          TEL : 972-3-6779910.  FAX : 972-3-6770545   liberm@bezeqint.net                                                                                                                                                                                                                                                                                   

  A  BUSINESS  PROPOSAL

==============================================             

A sea-waves powered "DESALINATION"

and / or "ELECTRICAL" power generation -

                  ===   "S W E D"   ===

        No Electricity is Required  !!!

=================================================

System / process cuts operational costs by  50%.

====================================================================== 

  

=======================================================

Annual Water production 5-50M Cubic meters       

And Electrical Power Of   2,5 - 25MW

Annual Electricity production 20-200MkWh

=======================================================

 

  Designed / Developed and  Ready for serial production.

          Searching for strategic Investor / Partner 

                  Ask  For     More    Details       

  

Mar 17, 2011 11:23 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
121,073

Spencer Rascoff

Ask me a question
*
*
*
*
Spam prevention

Additional Information