Google Invests $10.25 Million Into Geothermal Energy
August 28th, 2008 by Damon Clifford
Geothermal Energy took a big move forward as Google announced it was investing $10.25 million dollars in an energy technology called Enhanced Geothermal Systems (EGS).
The investments will go towards three institutions: AltaRock Energy, Potter Drilling, and the Southern Methodist University Geothermal Lab.
The funding will also go towards geothermal resource mapping, information tools, and a geothermal energy policy agenda according to CleanTechnica
A report by MIT says that geothermal energy can provide more than 2,500 the annual energy use of the United States. As the technology advances, it will be interesting to see how an infrastructure is set up to use the energy for our everyday needs.
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August 29th, 2008 at 5:46 am
I think this is great news - Google is a large, well-known company — and them taking a lead on something like this is a great boost for alternative energy forms.
August 29th, 2008 at 9:20 am
Since Google’s getting into more industries, I just heard a new term for them getting into geothermal - “Googlethermal energy”
Ha, I like it.