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| Google (GOOG) Gets Into Alternative Energy Investing |
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| Written by Miranda Marquit | |
| Thursday, 21 August 2008 | |
 Photo: blucarbnpinwheel, Creative Commons, Flickr There are a lot of thoughts out there about alternative energy, especially now that oil prices are going up again. And one of the latest forays into alternative energy is being conducted by Google (GOOG). Google, through its charitable arm Google.org, has offered almost $11 million for research on geothermal energy. And this large amount makes Google a larger investor in geothermal energy than even the U.S. government. The potential for geothermal energy is also rather huge, reports Scientific American: For $1 billion over the next 40 years, the U.S. could develop 100 gigawatts (a gigawatt equals one billion watts) of electricity generation that emits no air pollution and pumps out power to the grid even more reliably than coal-fired power plants, according to scientists at the Massachusetts Institute of Technology.In other countries (Japan and Australia, plus Europe -- you know the other developed nations), geothermal plants and projects are underway. But the U.S., as it does in so many areas of alternative energy, is lagging behind. And more research is needed. There are several problems that need to be overcome in terms of making geothermal energy viable:
What do you think of geothermal energy as a source for the future? Disclosure: I do not invest in GOOG, although I am thinking about it. I do use the search engine rather regularly, though. Site disclaimer. Alternative Energy 
Clean Energy 
GOOG 
Miranda Marquit 
Technology 
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