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The effort, dubbed RE<C (shorthand for "renewable energy less than coal"), calls for Google to invest in companies developing clean-energy technologies and for Google itself to next year invest tens of millions in research and development in renewable energy.
Technologies created by Google will likely be used by Google, whose data centers are voracious consumers of electricity. The company envisions either selling electricity from renewable sources or licensing technology on terms that would promote broad adoption, according to company founders Larry Page and Sergey Brin.
Its overarching goal is to produce 1 gigawatt of electricity from renewable sources--enough to power the city of San Francisco--faster than the current pace of green-technology development.
"The main crux of this is that we believe that you can do it cheaper than coal...and we want to make it happen now," said Page, Google's president of products. "Most people who are doing this now are trying to do it less expensive than people before, but they are not trying for that goal which will have a significant effect on the world."
Investments in other companies will be funded by Google's philanthropic arm, Google.org, which has about $2 billion worth of Google stock available to it.
In particular, Google will be investing in solar-thermal technology, wind power, and geothermal systems. Its target is to fall below the price of coal power generation, which can be as low as 2.5 cents per kilowatt-hour, said Bill Weihl, Google's green-energy czar.
Google said it's already working with eSolar, a solar-thermal company building systems for utilities to generate electricity from heat. It has invested in Makani Power, which is pursuing electricity generation by harnessing wind at high altitudes.
As part of the effort, Google will be hiring experts in the energy field. It expects to hire 20 to 30 people into its clean-energy division in the next year. More substantial investments will come as energy projects come online, Weihl said.
Although an ambitious plan, Google's impact on the clean-tech market segment in the near term is likely to be more psychological than financial, said Paul Clegg, a senior equity analyst who follows clean tech at Jefferies.
"Tens of millions of dollars is not a small number, obviously, but you're spreading that over things that a lot of other companies are attacking on an individual basis with more money going at it," Clegg said. "I think they'd have to invest a lot more money to get the next Manhattan Project going."
However, Google's initiative is significant in that it could indicate how corporations will start addressing their energy needs and climate change going forward, he said.
A strategic move
The push to mitigate the effects of climate change through clean energy falls squarely into Google.org's missions to improve human health and alleviate poverty, said Larry Brilliant, the executive director of Google.org.
Its foray into the energy business is part of Google's corporate charter to expand into new business areas that are "strategic," according to Brin.
As a large consumer, Google can benefit from cheaper sources of electricity and technologies it successfully develops could generate revenue, he said. In addition, those technologies could potentially bring cheaper sources of electricity to areas of the world that don't have it.
"For economic development to be possible in these areas and for new industries to be spurred along, we want to develop cheap alternatives that are widely available," Brin said. "This isn't just about solving a problem. It also creates a gigantic opportunity."
See more CNET content tagged:
coal, renewable energy, electricity, Sergey Brin, Google Inc.






- by a1servpro December 10, 2009 3:58 AM PST
- Green News: Scientists use fiber optics instead of solar panels <br />Scientists use fiber optics instead of solar panels to capture sun's energy
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<br />Like the idea of free and clean solar power but hate the thought of ugly, black panels covering the roof of your home? Help is on the way.
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<br />Scientists in Georgia and New Jersey are taking solar panels off the roofs of homes and cars, and moving them into basements and walls. The new panels could unobtrusively provide solar power while simultaneously protecting the delicate photovoltaics.
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<br />"No one wants to buy a big, nice, fancy car with a huge solar panel on the roof," said Zhong Wang, a scientist at Georgia Tech designing what he calls the world's first 3-D solar panel system.
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<br />Instead of using traditional solar panels, the Georgia Tech scientists will capture sunlight and turn it into electricity using fiber optics cables coated with zinc oxide, the same white compound lifeguards slather on their noses.
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<br />The fiber optic cables, each one two to three times the width of a human, would be installed on the roof of a house, car or any other structure.
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<br />Only the very tip of the cables would be exposed to the outside environment. <br />
<br />Light enters the tip of the fiber and travels to the end. The light is absorbed and turned into electrical energy along the way.
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<br />Once the light reaches the end of the fiber, it actually bounces back, giving the zinc oxide another chance to absorb any light missed during the first pass.
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<br />The fibers can be cut to any length depending on the needs of the user. A 10-centimeter (four-inch) fiber would conservatively generate about 0.5 volts.
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<br />Crazy green-energy ideas that just might work: Read more... http://myhighqualityproducts.blogspot.com
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