The Google Investing in Geothermal
Posted by Jon Popham on August 19, 2008 at 6:07 pm
CATEGORIES: Environment
Google.org, the philanthropic arm of the Internet search giant, will be investing over $10 Million in Enhanced Geothermal Systems Technology. One of the premiere data mining tools on the planet will now be using a bit of its massive market capitalization to utilize renewable, clean heat energy within the earth’s crust for the energy needs of the future.
Google’s initial investment will primarily go to one of the three geothermal facilities:
- - Potter Drilling: A $4 Million investment in two tranches employing Enhanced Geothermal Technology in drilling through hard rock with a patented method from MIT.
- - AltaRock Energy Inc.: A $6.25 Million investment in EGS technologies and project development to support the advancement of enhanced geothermal systems.
- - Southern Methodist University Geothermal Lab: $489,521 grant to improve geothermal resource assessment techniques and update the Geothermal Map of North America.
After the jump you can view a YouTube video of Cooper Basin Enhanced Geothermal Systems project:
You can takepart by logging onto Google.org to find out about other philanthropic endeavors by this socially responsible corporation.
LINKS:
Wired: Google invests in green with renewable energy initiative
CATEGORIES: Environment
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I’m probably one of Google’s best viral marketers. They not only have great products, respect for their customers and employees, but they are arguably the most environmentally responsible company on the planet. I love what they are doing around the world to fight hunger and poverty and encourage sustainability. I just wrote about some of the other things Google is doing to be “Creation Friendly” on my blog. Thanks for this post.
One of the premiere data mining tools on the planet will now be using a bit of its massive market capitalization to utilize renewable, clean heat energy within the earth’s crust for the energy needs of the future.