Sunday, August 24, 2008

It is good to see Google putting some serious cash into geothermal.

Google puts $10m into new geothermal technology

Speaking about geothermal, Dan Reicher (Google's head of climate and energy initiatives) said "It's 24-7, it's potentially developable all over the country, all over the world, and for all that we really do think it could be the 'killer app' of the energy world,".

$6.25 million, will help finance EGS company AltaRock Energy Inc of Sausalito, California.

$4 million of Google's money will go to Potter Drilling Inc, a Redwood City, California company which has a hard rock drilling technology.

Google's previous clean technology investments include $20 million for two solar thermal companies - eSolar Inc and BrightSource Energy Inc, and $10 million to high-altitude wind company Makani Power Inec.

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